CALGARY, Oct. 30, 2015 /CNW/ - Zaio Corporation (TSXV: ZAO) (the "Company" or "Zaio"), is revealing exciting new details about their current product and marketing plan at today's previously announced open house.
"This year is proving to be a successful and pivotal year for Valuation Vision (VV), culminating in the continued national rollout of BPOMerge with Fannie Mae," stated Shane Copeland, CEO of Valuation Vision. "After our management meetings today, we are highly encouraged to work with the new Zaio leadership team and receive their strong endorsement of our plan to ensure the successful adoption of our disruptive alternative valuation products into the nation's largest lenders."
BPOMerge is the industry's first consensus multi-broker price opinion product. BPOMerge has proven to be a highly accurate predictor of the selling price customers can achieve when they sell a subject property. To achieve this accuracy Valuation Vision leverages proprietary technology to engage multiple real estate brokers in the formation of a single price opinion , and the process is designed to ensure consistent and reliable outcomes. Extensive testing for the price accuracy of these outcomes by our clients has proven the accuracy of the BPOMerge valuation opinion compared to actual realized selling price and is leading to more orders.
"We were delighted to have the Valuation Vision leadership team visit ZAIO's headquarters for the first time today," stated Joel Strickland, Interim CEO of Zaio Corporation. "Their knowledge of and relationships within the alternative valuation and traditional appraisal markets is impressive. The traction of BPOMerge is promising and ZAIO is committed to support Valuation Vision as we grow the adaptation of BPOMerge across the industry. I was thrilled to participate in our planning sessions today. Tomorrow we will proudly display the exceptional talent we have working with us and our core technologies and products."
"We encourage all interested investors to visit us or call in to our open house today at 1pm MT," stated Philip Wazonek, Interim President and Chief Operating Officer of Zaio Corporation. "The Valuation Vision founders and leadership team will be on hand to provide insight on the immediate opportunities we are pursuing, to demonstrate the technologies and products that we have in the market through VV and to share their vision of how Valuation Vision can be a strong contributor to the success of Zaio ."
Open House Phone Dial In
Time: 12pm PT, 1pm MT, 3Pm ET
United States: 312-757-3117
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
Certain information in this press release is forward-looking within the meaning of Canadian securities laws as it relates to anticipated events and strategies. When used in this context, words such as will, anticipate, believe, plan, mandated, intend, target, and expect or similar words suggest future outcomes.
Forward-looking information in this press release, includes, among other things, information relating to: projected or profoma revenues which assumes the closing of the Valuation Vision transaction and the Axis transaction which events have not occurred and anticipated growth in customers and sales.
These statements are based on certain assumptions and analyses made by the Company in light of its experience, current conditions and expected future developments and other factors it believes are appropriate. The material factors and assumptions used to develop these forward-looking statements include, but are not limited to: (i) the accuracy of the revenues reported by Valuation Vision and Axis; (ii) the ability of the Company to realize such revenues in the event the Axis transaction is closed and the ability of Zaio to effectively integrate the combined entities; (iii) the ability of the Company to close the Axis transaction.
Readers are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purpose of providing information about management's current expectations, and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Zaio does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in Zaio's expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.
SOURCE Zaio Corporation
For further information: Visit www.zaio.com or contact: Joel Strickland, Chairman and Interim CEO, Zaio Corporation, 647-295-9500, [email protected]; Babak Pedram, Investor Relations, Virtus Advisory Group Inc., 416-644-5081, [email protected]