Shareholder Conference Call Scheduled on November 5, 2015 to Discuss Recent Changes
CALGARY, Nov. 4, 2015 /CNW/ - Zaio Corporation (TSXV: ZAO) (the "Company" or "Zaio") announced today that its Board of Directors appoints Shane Copeland as Chief Executive Officer. Mr. Copeland, who currently serves as CEO of the Valuation Vision business unit, will immediately succeed Joel Strickland, current Chairman of the Board.
"As CEO and founder of Valuation Vision, Mr. Copeland has consistently demonstrated an ability to drive adoption of and revenue from new disruptive products and solutions to top financial institutions such as Fannie Mae," stated Joel Strickland, Chairman of the Board for Zaio Corporation. "We are pushing through a pivotal moment in our corporate history where we have real traction and customer acceptance driving adoption of our proprietary products, primarily BPOMerge."
"At Valuation Vision we set out to change the way our industry approaches real estate valuation. From the first day we met with Zaio, we have continuously been aligned in our goal of disrupting the mortgage and real estate valuation industry," commented Shane Copeland, Chief Executive Officer. "As a real estate valuation company driven by innovative, disruptive technology, we have the focus and reach into top lenders and financial institutions in the U.S. to capture market share from traditional valuation products."
Shane Copeland brings more than 20 years of experience in the mortgage and valuation disciplines in the real estate industry. Throughout his career he has achieved success in executive management, sales, product innovation, and operations, building his skillset for this new role. His experience has touched nearly every facet of the mortgage banking industry including title, data and analytics, appraisal management and valuation, always advancing the utilization of advanced technology. Mr. Copeland has developed a reputation for delivering results and disrupting conventional wisdom with his constant focus on profitability, execution, and sustained revenue growth.
Zaio Corporation is also currently in discussions with several candidates to fill the board seat vacated by Mr. David Gregory.
Zaio Corporation will also be holding a conference for shareholder to discuss recent changes on Thursday, November 5th, 2015 at 4:00 pm Eastern Time hosted by Joel Strickland, Chairman of the Board of Directors. Along with Joel, Shane Copeland CEO of ZAIO, Ernie Durbin, Chief Valuation Officer of Valuation Vision, Phil Wazonek, President and COO of ZAIO, and Ron Love, CFO of ZAIO will all be on the call.
During the call, the management team of Zaio will be discussing the change in management, along with providing details on the direction of the Company's corporate strategy for the duration of 2015 and plans for the year ahead.
A question and answer session will follow the corporate update.
CONFERENCE CALL DETAILS
Date: Thursday, November 5, 2015
Time: 4:00 PM Eastern Time
Participant Dial-in Numbers:
Local – Toronto (+1) 416-764-8688
Local – Calgary (+1) 587-880-2171
Toll Free – North America (+1) 888-390-0546
Conference ID: 08793348
Recording Playback Numbers:
Toronto (+1) 416 764 8677
Toll Free – North America (+1) 888 390 0541
Expiry Date: Thursday, November 12, 2015 11:59 PM Eastern Time
About Zaio Corporation
Zaio Corporation was founded on the simple premise, that current real estate valuation technologies lacked the information necessary to deal with today's dynamic housing market. Zaio is disrupting what was thought possible by building powerful data and technology solutions that leverages the expertise of real estate and appraisal professionals at a massive scale. Every day our GSE, banking, and investor clients rely on our proprietary solutions to fund loans and value assets. At Zaio, our mission is to ensure that our solutions provide businesses and consumers unparalleled insight into their real estate assets. For more information, visit www.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: For further information visit www.zaio.com or contact: Shane Copeland, CEO, Zaio Corporation, 760-208-6460, [email protected]; Babak Pedram, Investor Relations, Virtus Advisory Group Inc., 416-644-5081, [email protected]