TSX Venture Exchange Symbol: ZAO
CALGARY, Nov. 26 /CNW/ - Zaio Corporation ("Zaio") (TSX-V: ZAO) is pleased to announce that subject to regulatory approval it has appointed Stone Communication Services Limited ("SCS") of Toronto as its investor relations counsel. SCS specializes in the execution of tailored, strategic communication programmes for emerging companies and will introduce Zaio to Stone Communications' network of brokers, analyst and portfolio managers. SCS is a wholly owned subsidiary of Stone Investment Group ("SIG").
SCS will be paid $3,750 plus GST per month. The appointment is for an initial term of twelve (12) months. The appointment may be renewed or extended for a further period on written agreement of the parties. Subject to regulatory acceptance, SCS has also been granted non-transferrable stock options entitling it to purchase up to: (i) 400,000 common shares of the Zaio Corporation at $0.20 per share; (ii) 200,000 common shares of the Zaio Corporation at $0.25 per share; and (iii) 200,000 common shares of the Zaio Corporation at $0.30 per share. All of the stock options granted to SCS vest in accordance with the applicable rules of the TSX Venture Exchange. Other than the incentive stock options, neither Stone Communications nor any of its principals have any direct or indirect interest in any of Zaio's securities.
Zaio develops and maintains a site-verified database of photos, valuations and property information on virtually every residential property in entire cities, using a proprietary "GeoScore (TM)" property rating system. Zaio and its network of premiere, local appraiser experts appraise entire cities, one home 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.
Forward Looking Information
This press release may contain forward-looking statements which may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact, including without limiting the generality of the foregoing, statements made regarding the new national licensing program. Although Zaio believes that the expectations reflected in such forward-looking statements are reasonable, it cannot give any assurance that such expectations will prove to be correct. Results of Zaio's new national licensing program may be affected by a variety of variables and risks such as availability of human and capital resources, competition, anticipated capital expenditures and financing thereof, timing of applications and approvals. As such the future plans and objectives of Zaio are forward-looking statements that involve risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in such statements. Zaio's forward-looking statements are expressly qualified in their entirety by this cautionary statement. Unless otherwise required by applicable securities laws, Zaio does not intend nor does it undertake any obligation to update or review any forward-looking statements to reflect subsequent information, events, results or circumstances or otherwise.
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.
SOURCE Zaio Corporation
For further information: For further information: Zaio Corporation, Bradley Stinson, CEO, (877) 318-0537; Rodney Mitton, CFO, (877) 318-0537; Stone Communication Services Limited, Brian Edelstein, Managing Director, (800) 336-9528, email@example.com