Zaio Taps Don Kelly for Chief Communications Officer



    Kelly Brings Over 25 Years of Expertise to Zaio

    WASHINGTON, Feb. 4 /CNW/ - Zaio Corporation (TSX-V: ZAO) announces the
appointment of Donald E. Kelly as Chief Communications Officer (CCO) and the
addition of a Washington DC office. Both will take effect on February 11,
2008. Don will be responsible for investor relations, external communications,
media and government relations.
    "Don's broad experience and ability to target key participants in the
banking, housing and mortgage finance sectors of the industry provides Zaio
with a unique competitive advantage," said Thomas J. Inserra, Zaio Chief
Executive Officer. "Zaio successfully deployed its patent-pending technology
in multiple test markets and acquired a large base of over 400 lender
customers. Our next large-scale effort is to communicate that success to the
marketplace and Don is perfectly positioned to lead this effort."
    Don has 28 years of experience in the Washington, DC area encompassing
communications, government, finance, and real estate. For 22 years, he served
the real estate appraisal and home finance communities initially as
Legislative Counsel for the Society of Real Estate Appraisers. Recently, Don
served as Chief External Relations Officer for the Appraisal Institute, the
world's largest appraisal organization. He also served as Staff Counsel for
the U.S. House of Representatives Ethics Committee and Counsel for the House
Banking and Urban Affairs Oversight Subcommittee.
    In addition, Don has extensive experience with national media and news
organizations, in-depth knowledge of the workings of Congress as well as
federal regulatory and banking agencies, including HUD, FHA, VA, Fannie Mae
and Freddie Mac. His expertise will be invaluable to Zaio in moving forward
with numerous real estate appraisal initiatives. Don is a frequent panelist
and contributor on industry panels and forums and a member of the Board of the
Bollinger Foundation, a housing related charitable organization benefiting
children in need.

    About Zaio

    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 using a
proprietary "GeoScore(TM)" rating system. Zaio helps lenders, realtors and
investors by supplying high quality "real time" valuation services efficiently
and quickly.
    Zaio is a public corporation that trades under the symbol "ZAO" on the
TSX-V Stock Exchange. 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
cgus@christensenir.com.

    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.

    %SEDAR: 00020572E




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)
802-2033

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