Zaio Corporation - News Release



    TSX Venture Exchange Symbol: ZAO

    CALGARY, June 30 /CNW/ - ZAIO CORPORATION (TSX-V: ZAO) ("Zaio" or the
"Company") announces pursuant to NI 51-102 Part 11.5 that the Company will
re-file the Business Acquisition Reports previously filed by the Company on
August 28, 2007 (the "Realink Acquisition Report") with respect to the
acquisition of the assets of Realink Corporation ("Realink") and filed on
October 5, 2007 (the "Kirchmeyer/Real Info Acquisition Report") with respect
to the acquisitions of the assets of Kirchmeyer and Associates Inc.
("Kirchmeyer") and Real Info Inc. ("Real Info"). Zaio acquired the assets of
Realink on April 2, 2007 (the "Realink Acquisition") and the assets of
Kirchmeyer and Real Info on July 16, 2007 (the "Kirchmeyer/Real Info
Acquisition"). As part of the continuous disclosure requirements, NI 51-102
requires among other things that Canadian reporting issuers file business
acquisition reports when acquiring companies of a certain size, and that such
reports contain certain financial statements of the acquired company. The
Company points out that this requirement relates strictly to the re-filing of
the Realink Acquisition Report and the Kirchmeyer/Real Info Acquisition Report
and is not related in any way to the Company's own audited and interim
financial statements.

    The Realink Acquisition
    -----------------------
    The Realink Acquisition Report previously filed by Zaio had attached
audited financial statements of Realink for the year ended December 31, 2006.
Since these financial statements were prepared using US GAAP, NI 51-102
requires a US/Canada GAAP reconciliation. In addition, the Realink Acquisition
Report had attached unaudited interim financial statements for Realink for the
six months ended June 30, 2007 and pro forma financial statements combining
Realink and the Company for the six months ended June 30, 2007 and the year
ended December 31, 2007. However, NI 51-102 requires that the Realink
Acquisition Report attach unaudited interim financial statements of Realink
for the three months ended March 31, 2007 (the "Realink Interim Financial
Statements") and the pro forma financial statements combining Realink and the
Company for the three months ended March 31, 2007 and the year ended
December 31, 2007 (the "Realink Pro Forma Financial Statements"). In addition,
the Realink Interim Financial Statements are to include notes to the financial
statements and a U.S./Canada GAAP reconciliation, if necessary, and the
Realink Pro Forma Financial Statements are to include a cross-reference to
each pro forma adjustment including the underlying assumption of each
adjustment to demonstrate the impact of the Realink Acquisition on the
historical financial statements of Zaio.

    The Kirchmeyer/Real Info Acquisition
    ------------------------------------
    The Kirchmeyer/Real Info Acquisition Report previously filed by the
Company had attached audited financial statements of Kirchmeyer/Real Info for
the year ended December 31, 2006. Since these financial statements are
prepared using US GAAP, NI 51-102 requires a US/Canada GAAP reconciliation. In
addition, the Kirchmeyer/Real Info Acquisition Report had attached unaudited
interim financial statements for Kirchmeyer/Real Info for the six months ended
June 30, 2007 (the "Kirchmeyer/Real Info Interim Financial Statements") and
the pro forma financial statements combining Kirchmeyer/Real Info and the
Company for the six months ended June 30, 2007 and the year ended December 31,
2007 (the "Kirchmeyer/Real Info Pro Forma Financial Statements"). The
Kirchmeyer/Real Info Interim Financial Statements are to include notes to the
financial statements, and a US/Canada GAAP reconciliation, if necessary and
the Kirchmeyer/Real Info Pro Forma Financial Statements are to include a
cross-reference to each pro forma adjustment including the underlying
assumption of each adjustment to demonstrate the impact of the Kirchmeyer/Real
Info Acquisition on the historical financial statements of Zaio.

    The Re-Filing of the Acquisition Reports
    ----------------------------------------
    Each of the Realink Acquisition Report and the Kirchmeyer/Real Info
Acquisition Report (the "Acquisition Reports") is deficient and the Company is
technically in default of NI 51-102 unless it re-files the revised Acquisition
Reports by no later than July 7, 2008.

    About Zaio

    Zaio 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. Zaio and its
network of premiere, local appraiser experts photograph and appraise entire
cities, one building at a time from the street. Zaio is a public Company that
trades under the symbol "ZAO" on the TSX Venture Exchange in Canada. Zaio
shares are also available in the U.S. under the trading symbol "ZAOFF". For
more company information, visit www.zaio.com.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this news release.





For further information:

For further information: Keith A. Sawottke, Chief Financial Officer,
(480) 449-2602; or Susan L. Koch, Vice-President Finance, (403) 806-3739

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Zaio Corporation

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