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News and Information Article
CALGARY, Nov. 23 /-FirstCall/ - Zaio Corporation (TSX-V:ZAO)
announced that it will be holding a conference call releasing its third
quarter financial results on November 28, 2006 at 2pm EST. Interested
parties are invited to join the call by dialing 1 (866) 641 8218,
participant code 650552.
In prior announcements, Zaio has disclosed four consecutive months of
impressive sales resulting in positive cash flow for each of those months.
These financial results may be of significant interest in the appraiser and
mortgage lending industries.
Thomas Inserra, CEO of Zaio, stated: "We believe shareholders should
draw their own conclusions on Zaios future prospects when learning of our
financial results. Zaios management team believes that the results we are
about to announce will demonstrate that our business model is not just
being accepted but in fact is wholeheartedly being embraced by appraisers
and lenders."
Zaio also disclosed today what appears to be one of its "secret
ingredients" to its sales success. The Company currently sells its software
for US$8,250 per license. Unlike other software providers, Zaio grants its
license for a specific geographic territory or Zone which is about the size
of a zip code. To maximize their competitive advantage and geographic
coverage areas, many appraisers are buying 3 to 10 licenses or more.
Initially, small appraisal firms might view that price as cost prohibitive.
However, Zaio has secured relationships with independent companies willing
to finance the appraisers software purchase at a monthly cost to the
appraiser of about $325 per zone. Mr. Inserra explained: "Zaio is able to
demonstrate that if appraisers can receive at least $325 per month in
additional revenue, then the appraisers purchase is immediately cash-flow
positive. Appraisers very clearly understand that Zaios software helps to
vastly improve their quality, improves their ability to compete in the
market, and helps them to generate new revenues. Appraisers by nature are
very analytical people and after doing the analysis, about 70% of the
appraisers who hear the details about our program, decide to purchase at
least one license."
Brad Stinson, VP of Business Development and Founder of Zaio, stated:
"The fact that we have sold 400 zone licenses in just 120 days with a
retail price of $8,250 suggests the market will support a higher price
level. Thus, due to significant demand, effective 01/01/2007 we will
increase the price to $9,000 per license. Whether an appraisal firm has
only one employee or dozens, Zaios unique software solutions can give them
a distinct competitive edge. The financing of a Zaio software license makes
this appealing for even the smallest of appraisal firms."
Mr. Stinson also indicated: "Zaio is having a hard time keeping up with
huge volumes of emails and phone calls from appraisers interested in buying
our software. In fact, our biggest problem right now is our inability to
travel to cities fast enough to give our presentation. In response, Zaio is
implementing a "webinar" which is a way for local appraisers around the
country to participate via a conference phone call and view a web
presentation to get the whole picture about Zaio. This provides Zaio with a
way of further accelerating its sales in 2007. Zaio is also in the process
of interviewing notable appraiser executives interested in joining our
sales team, so we can expand our sales capabilities and meet this huge
market demand."
To participate in Zaios quarterly conference call scheduled for
11/28/06 at 2 pm E.S.T., visit: http://www.zaio.com and go to the "investor" tab
to obtain the conference call instructions.
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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