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
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
SOURCE: Zaio Corporation
For further information:
visit zaio.com or contact:
President & CEO
Virtus Advisory Group Inc.