Zaio Announces Q3 Conference Call Schedule - Offers Insight to Current Industry Conditions

    CALGARY, Nov. 12 /CNW/ - Zaio Corporation (TSX-V: ZAO) announced today
that its conference call to report third quarter results will take place on
Tuesday November 20, 2007 at 3:00 pm Eastern Time. During the call, the
Company will also update investors on the potential positive significance to
Zaio of the current turmoil in the residential mortgage market and the
appraisal industry. Call-in details will be provided later in the week.
    The Company is continuing with its aggressive plan to establish the only
database in the country to include photographs, property data and appraised
values for substantially all of the residences in the United States. We have
already surpassed our year end goal of accumulating 12 million high quality
digital photos.
    Interest from appraisers across the country remains high and over 200 of
our Zone Appraisers and other interested parties will attend our Appraiser
Summit later this week for an update on the Company's marketing strategies for
Zone sales and product sales as well as a full briefing on our technology
advances which will significantly enhance their ability to quickly and
accurately carry out the valuation work in the Zones.
    While Zaio has already made great strides in standardizing and delivering
appraisal products much more efficiently, the current turmoil in mortgage
markets, including large bundles of mortgage backed securities which trade
daily on Wall Street, underscores the need for quality, independent and
unbiased appraisals. Delivering such a product without the aid of proper
technology and an army of qualified appraisers working together is virtually
impossible. Through its steady advancement and consolidation of the appraisal
industry, Zaio will be the natural company to turn to for accurate large scale
valuations. These same Zaio appraisers will also be providing high volumes of
appraisals for foreclosure purposes, asset recovery and repositioning,
municipal assessment work including appeals as well as a number of other
products related to the valuation of the single largest asset class in the
    The last mortgage crisis in the early 1990's resulted in a massive effort
by lenders to revalue their portfolios and created significant revenue streams
for appraisers across the country. A similar effort will be undertaken soon
and this time will include a much larger asset base considering the growth of
publicly traded mortgage backed securities in the past ten years. Zaio has the
capability of valuing property nationwide through its premiere group of
certified appraisers making it much more efficient and economical for lenders.
    One of the Company's primary messages has always been that because our
values are prepared in advance of a request from a lender, there can be no
pressure on the appraiser to meet a certain value. The recent claim against an
appraisal firm in the United States suggests that the pressure is real and
significant. Here again, Zaio is in a position to offer unbiased values which
could be used as a yardstick in situations where an appraised value is being

    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 from the street
using a proprietary "GeoScore(TM)" rating system.
    Zaio is a public corporation that trades under the symbol "ZAO" on the
TSX-V Exchange in Canada. 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 Collum Hunter 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.

    %SEDAR: 00020572E

For further information:

For further information: For more company information, visit or please contact: Thomas J. Inserra, President and CEO, (480)
575-5111; Rodney D. Mitton, CFO, (403) 802-2033

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