SCOTTSDALE, AZ, March 11 /CNW/ - Zaio Corporation (TSX-V: ZAO) announces
the appointment of Mark R. Chapin as Vice President, Zone Sales. Chapin will
work with the Executive Management Team and Managing Director for Zone Sales,
John Ross, and be involved in product sales as Zaio offers its unique
technology for instant valuation services to the market.
"Mark brings a wealth of experience and recognition from within the
appraisal community and the mortgage lending industry," said Thomas J.
Inserra, Zaio Chief Executive Officer. "He will join a strong zone sales team
to deliver Zaio's patent-pending technology to appraiser partners who serve
over 500 lender customers. Mark's experience as an appraiser, working with the
appraisal community and serving in leadership roles in the appraisal
profession will help to continue growing zone sales among appraisers."
Most recently Chapin served FIS Valuation Solutions (formerly Hansen
Quality) as Senior Vice President for Business Development. Prior to that
post, Mark was Executive Vice President and Chief Appraisal Officer for Forum
Technologies. From the late 1980s, Mark served Record Data as a regional Chief
Appraiser then spent twelve years as Chief Appraiser for General American
Corporation. A native of Richmond, Virginia, Mark began his career as an
appraiser with his father, Les.
In welcoming Chapin to the sales team, Managing Director John Ross said,
"This is a real plus for our zone sales effort. Mark has great contacts with
appraisers, understands the industry and can effectively communicate the
business advantage of zone ownership. Having a qualified professional
appraiser in each of our 7,500 zones, equipped with our technology to serve
clients instantly will move the appraisal profession to the front of the real
Mark is currently a Trustee of The Appraisal Foundation and two term
former Chair of The Foundation's Industry Advisory Council. He is a designated
member of the National Association of Independent Fee Appraisers, a member of
the Mortgage Bankers Association of America, and has served with The Title
Appraisal Vendor Management Association.
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
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 the Company's annual report, please contact Chris Gustafson at
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.
For further information:
For further information: For more company information, visit
www.zaio.com or please contact: Thomas J. Inserra, President and CEO, (480)
575-5111; Rodney D. Mitton, CFO, (403) 802-2033