CALGARY, June 21 /CNW/ - Zaio Corporation (TSX-V: ZAO) announced today
that it has been selected as one of the "2007 TSX Venture 50", a ranking of
the top public listed companies on the TSX Venture Exchange.
The ranking indicates that Zaio Corporation is among the top 50 from more
than 2,080 listed companies that met the criteria established by the TSX
Venture Exchange. Zaio generated a 186% return on investment to shareholders
during 2006, ranking it No. 25 of the top 50 firms. Zaio ended 2006 with a
share price of $1.00 and at the recent close price of $4.00 has generated a
return on investment of 400% so far during 2007.
The "2007 TSX Venture 50" was designed to raise awareness to the
investment community on the quality of companies that are listed on the
exchange. The rating criteria was calculated based on a weighted formula
giving consideration to: Revenue, Return on Investment, Trading Volume, and
Market Capitalization Growth for performance of the business as of December
On June 20, Thomas J. Inserra, CEO of Zaio Corporation attended an awards
ceremony marking the launching of the "2007 TSX Venture 50" hosted by Kevan
Cowan, President of the TSX Venture Exchange. Mr. Inserra said: "Zaio had been
in an extended three year Research & Development Phase which ended on July 1,
2006. Zaio entered an aggressive growth phase in the 3rd quarter of 2006,
which means our 2006 year end results reflect only two quarters of sales
activity. While we are grateful for the recognition Zaio is receiving for our
past 2006 performance, the reality is that our growth in 2007 has already
significantly surpassed those 2006 milestones. We are in the very early stages
of our growth plan. As a debt free, cash flow positive company with
substantial cash reserves, we are well positioned for rapid growth. I can
assure you that our Board members, management team and employees are all
keenly focused on maximizing shareholder returns for the long-term."
Zaio is the North American leader in developing and maintaining a
site-verified database of photos, valuations and property information of
virtually every property for 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
Zaio is a public corporation that trades under the symbol "ZAO" on the
TSX-V Exchange in Canada. Additional information is available for US investors
under the symbol "ZAOFF".
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, including without limitation, a forecast on expected annual
revenues. 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: For more company information, visit
www.zaio.com or contact Thomas J. Inserra, President and CEO, (480) 575-5111;
Rodney D. Mitton, CFO, (403) 802-2033; For investors who would like to be
added to Zaio's investor distribution list, please contact Collum Hunter at