Zaio Corporation Announces Change of Shareholder Meeting Date

CALGARY, March 3, 2016 /CNW/ - Zaio Corporation (TSXV: ZAO) ("Zaio" or the "Company") today announced that the management and the board of the Company have made the decision to change the date of the Company's Annual General Meeting of Shareholders (the "Meeting"). The Meeting will now be held on April 25, 2016, at 9:00 a.m. MST. The Meeting will take place at Hotel Arts, 119 – 12 Avenue S.W., Calgary, Alberta.

"We've gone through significant transformational changes as the executive management team has worked to better align our business to the U.S. mortgage industry," said Phil Wazonek, President and Chief Operating Officer of Zaio Corporation. "With the recent leadership and board changes, we felt that the March AGM date did not afford proper time to set into motion a comprehensive structure and strategic plan to benefit our shareholders."

Additionally, Zaio would like to announce that KPMG has initiated audit services for the Company's 2015 financials.

The Meeting was originally scheduled for March 7, 2016 at 9:00 am MST, the record date for shareholders eligible to vote at the Meeting will remain February 1, 2015.

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 evaluations prepared by licensed appraisers across the United States. Visit the company online at zaio.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy and 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.

Forward-Looking Information

This news 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, the overall economy in both Canada and the United States. Forward-looking information in this press release, includes, among other things, information relating to any applicable approvals required in order to complete the Financing, which may include, but is not limited to, the approval of the TSX Venture Exchange and approval by the shareholders of Zaio. 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.

SOURCE Zaio Corporation

For further information: visit www.zaio.com or contact: Phil Wazonek, President & COO, Zaio Corporation, 403-819-5449, phil.wazonek@zaio.com; Babak Pedram, Investor Relations, Virtus Advisory Group Inc., 416-644-5081, bpedram@virtusadvisory.com


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