Surpasses 1,500 Zone Milestone
CALGARY, Jan. 8 /CNW/ - Zaio Corporation (TSX-V: ZAO) is pleased to
announce the fourth quarter and year-end results of its Zone sales to
appraisers and real estate images added to the database across the United
In the fourth quarter the Company sold 226 Zone licenses compared to 204
in the third quarter. The fourth quarter marked the first sale of licenses
under a new "Large Purchaser" program. Several firms have purchased over
25 Zones each under this program, including a firm which purchased 45 Zones
representing the entire Indianapolis, Indiana Metropolitan Statistical Area
(MSA). Zaio continues to have discussions with prospective purchasers of Zones
in entire States, MSAs and multiple counties. Zone sales for the year amounted
to 992 bringing the cumulative number to 1,526. While this represents 20% of
the total Zones in the United States, it actually represents over one third of
the major metropolitan areas which are most important to national lenders.
John Ross, Managing Director of Zone sales stated: "Lenders and other
potential clients for the quality data are encouraging us to complete the
"Appraisal Data Warehouse(TM)" as quickly as possible and we are motivated to
speed up the process while not losing sight of the fact that we insist on
licensing only to appraisers who are leaders in their market. Some small
appraisal firms have expressed concern that larger companies can acquire all
the Zones in a state or region. Our advice to these firms is to act promptly
to purchase their local Zones before a region is taken.
At the year end, the Company's database consisted of 15 million images of
residential dwellings, exceeding its goal of 12 million. This represents an
increase of 600% from the 2.5 million photos at the beginning of the year.
There are now many Zones across the country which have been photographed
in advance of being licensed to appraisers. Effective immediately, the
pre-photographed Zones will be sold for $11,000 compared to the standard price
of $10,000. In addition, if an unsold Zone has been photographed and populated
with property data the selling price will increase to $12,500.
Zaio develops and maintains a secure database of site-verified photos,
property information and appraisals of virtually every property in entire
cities. Zaio's network of premiere, local appraiser experts photograph,
inspect, and appraise entire cities, one building at a time from the street
using a proprietary "GeoScore(TM)" rating system.
Zaio is a public corporation that trades under the symbol "ZAO" on the
TSX-V Exchange in Canada. Additional information is available for U.S.
investors under the symbol "ZAOFF".
For investors who would like to be added to Zaio's investor distribution
list or receive a 2006 annual report, please contact Chris Gustafson at
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 Company's 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.
For further information:
For further information: Visit www.zaio.com or please contact Thomas J.
Inserra, President and CEO, (480) 575-5111; Rodney D. Mitton, CFO, (403)