SCOTTSDALE, AZ, March 25 /CNW/ - Zaio Corporation (TSX-V: ZAO) announced
today the appointment of Keith Sawottke, CPA as Chief Financial Officer (CFO).
Keith will be tasked with the financial management of Zaio effective March 31,
2008 and will be located in the offices of the Company's subsidiary, Zaio
Inc., in Scottsdale, AZ. His arrival coincides with the retirement of Zaio's
current CFO, Rodney Mitton. Mr. Mitton remains a member of Zaio's Board of
"Keith is coming on board at a time when Zaio is growing rapidly," states
Thomas Inserra, Chief Executive Officer. "Zaio has successfully deployed its
patent-pending technology in multiple test markets and acquired a large base
of over 500 lender customers. Keith's experience will guide us as we advance
our company to the next level as our technology begins to go live in cities
across the United States."
Keith most recently served as CFO of RSC Holdings Inc., one of the
largest equipment rental providers in North America with approximately
$2 billion in annual revenues. At RSC Holdings, he helped lead a successful
$458 million IPO ranked as one of the largest ever in Arizona. Keith also
served as Controller with Microage Inc. a Fortune-500 Arizona based technology
solutions provider, which grew to $5 billion in revenues.
Earlier in his career, Keith served as a Director of Accounting and
Controller with Pacific Atlantic Systems Leasing, Inc, which was one of the
largest computer leasing companies in the world. Prior to that position, he
was Director of Accounting with Bell Atlantic Systems Leasing International,
Inc. He began his career at Arthur Andersen.
Keith is a member of the Arizona State Society of Public Accountants, The
American Institute of Certified Public Accountants and The Financial
Executives International (FEI). He earned his undergraduate degree at Arizona
State University in Tempe and is a certified public accountant in the state of
Zaio is a technology and database company that maintains a secure
database of 140 million properties and is now site verifying property data,
photos and appraisals of virtually every property in America. Zaio's network
of local appraiser experts photograph, inspect, and appraise entire cities,
one building at a time using a proprietary GeoScore(TM) rating system. Zaio is
ranked among the top 50 best performing companies of more than
2,000 corporations on the TSX-V Exchange, and trades under the symbol "ZAO".
Additional information is available under the symbol "ZAOFF".
For investors who would like to be added to Zaio's investor distribution
list or receive a 2007 annual report, please contact Don Kelly 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 that 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, CEO, (480) 575-5111; Don Kelly, Chief Communications Officer, (202)