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News and Information Article
CALGARY and SCOTTSDALE, AZ, Dec. 20 /-FirstCall/ - Zaio
Corporation today disclosed details of its national expansion plan. Thomas
Inserra, Chief Executive Officer stated: "Zaio is currently planning a
simultaneous rapid expansion of its photography and appraisal operations to
more than 170 U.S. cities beginning in January of 2007. As a result of
these efforts, we expect to be photographing and collecting site property
data for 100,000 properties per day by March. This places Zaio well ahead
of schedule towards our ultimate goal of photographing, inspecting and
valuing virtually every home in America."
Rod Mitton, Zaios Chief Financial Officer stated: "Zaio is fortunate
to be ending this year with a large cash surplus that is already more than
sufficient to fund the aggressive national expansion that is now underway."
In explaining the reasons for accelerating Zaios expansion, Inserra
indicated: "The worlds wealth is divided into 3 asset categories: Stocks,
Bonds, and Real Estate - but the overall value of Real Estate exceeds that
of both Stocks and Bonds. While investors holding stocks and bonds can
value their holdings instantly online, there is no current method for
investors to accurately and quickly value real estate. Zaios proprietary
technology which took nearly 4 years to develop is the only known solution
to this significant market problem. Zaio is accelerating its expansion in
order to meet the needs of investors, lenders, and other customer
segments."
Brad Stinson, Zaios founder, described the Companys plans in more
detail: "Zaio is aggressively hiring photographers and other associates
across the United States. More than 140 applicants from cities all over the
United States participated in a Zaio job fair held recently. We are pleased
that such a large number of people are interested in being a part of Zaio
revolutionary business model."
Frank ONeill, SRA, Zaios National Director of Appraisal Training &
Operations indicated: "Zaio has a full array of online and onsite training
sessions planned throughout 2007 in order to train zone appraisers and
associates. Although the goal of inspecting and appraising virtually every
home in America may sound ambitious, by breaking it down into smaller more
manageable pieces, each person is trained to do his part." Robert Johnson,
Zaios Director of Photography Training & Operations stated: "We spend a
great deal of time training our photographers, providing them with detailed
feedback, and in fact review every single photo that is taken across
America, to ensure a very high level of quality and consistency."
Mr. Mitton added: "To support our expansion efforts in the USA, Zaio
has successfully established its USA headquarters in Scottsdale, AZ which
will operate under the name Zaio Inc."
Zaios next online job fair is scheduled for January 12, 2007 at 1pm
eastern time. Interested applicants should visit: http://www.zaio.com and select
"For Appraisers" and then RSVP to the job fair on that date to learn more
details about the photography and appraiser trainee jobs available.
About Zaio: Zaio is a public corporation that trades under the symbol
"ZAO"on the TSX-V exchange in Canada and additional information is
available for USA investors under the symbol "ZAOFF". Zaio and its network
of premiere, local appraiser experts photograph and appraise entire cities,
one building at a time from the street. It is the only known company in the
world that develops and maintains a site-verified database of photos,
valuations, and property information of virtually every property in entire
cities, using a proprietary "GeoScore" property rating system. For more
information visit http://www.zaio.com
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.
This press release contains forward-looking statements which may
include financial and business prospects, as well as statements regarding
the Companys future plans, objectives or economic performance and
financial outlooks. Such statements are subject to risk factors associated
with the real estate industry, and the overall economy in both Canada and
the United States. The Company believes that the expectations reflected in
this press release are reasonable, but actual results may be affected by a
variety of variables and may be materially different from the results or
events predicted in the forward-looking statements. Readers are therefore
cautioned not to place undue reliance on these forward-looking statements.
In evaluating forward-looking statements readers should consider the
risk factors which could cause actual results or events to differ
materially from those indicated by such forward-looking statements. These
forward-looking statements are made as of the date hereof, and unless
otherwise required by applicable securities laws, the Company does not
intend nor does it undertake any obligation to update or revise any
forward-looking statements to reflect subsequent information, events,
results or circumstances or otherwise.
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