Zaio Appoints David Gregory to Board of Directors
CALGARY, Oct. 24, 2013 /CNW/ - Zaio Corporation (TSX-V:ZAO), ("Zaio" or "the Company"), today announced that David B. Gregory has joined the Company's Board of Directors. Mr. Gregory will serve as an independent non-executive director, and will act as a member of the Audit Committee.
Mr. Gregory has over 40 years of banking and financial experience. He is currently member of the Independent Review Committee at Qtrade Investor Canada where he previously served as a Director and Vice Chairman. Mr. Gregory is the retired past President and Chief Executive Officer of First Calgary Savings & Credit Union Ltd. where he worked for 18 years until 2010. He has also served as Vice President of Metro Toronto Region of Canada Trust. Mr. Gregory has experience as a Director of Gienow Windows and Doors, Domino's Pizza Canada, Apex Land Corporation, and Grey Island Systems Inc. Mr. Gregory is also a founding member of The Canadian Institute of Bankers and served for more than 10 years on the Advisory Board of First Canadian Title, the Canadian subsidiary of First American Title Insurance Company. Throughout his career, Mr. Gregory has been active in many local community-based charitable organizations as well as leading a number of provincial and federal credit union initiatives.
"Dave has extensive executive and board level experience, combined with strong relationships in banking and finance across North America," said David King, President and CEO of ZAIO Corporation. "During the past few months we have made a number of strategic moves to develop a strong business platform, and we are growing the independence and governance of our Board to best serve our shareholders. With the degree of experience Dave brings to our Board, we believe we are well positioned to continue building momentum along the aggressive growth plan we have in place, supporting and strengthening shareholder value."
For his service on the board, Mr. Gregory will be granted incentive stock options to acquire 100,000 common shares of the Company at an exercise price of $0.23 per share. The options shall be subject to regulatory approval, vest on an annual basis in equal 1/3 instalments and will expire 5 years from the date of grant.
About Zaio Corporation
Zaio provides customers in the property valuation, underwriting and lending industries with real-time access to certified appraisal reports from the company's patented database of proactively maintained residential property valuations prepared by licensed appraisers across the United States. Visit the company online at zaio.com.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.
This press release contains forward looking statements. The Company believes that the expectations reflected in this news 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 Neither TSXV nor their Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
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