TSX Venture Exchange Symbol: ZAO
CALGARY, June 26 /CNW/ - Zaio Corporation (TSX-V ZAO) announced today
that it has filed its audited financial statements for the year ended December
31, 2008. The Company had previously announced that the audit was delayed
because of items related to the wind up of its US subsidiary.
The Company will immediately make the necessary application to the
Alberta Securities Commission to request that the current Cease Trade Order be
Financial statements for the first quarter ended March 31, 2009 were
filed on June 1, 2009. There are no adjustments required to those statements
notwithstanding the year end statements were filed subsequent to that date.
The audited financial statements and related Management Discussion and
Analysis can be viewed on SEDAR (www.sedar.com).
Zaio develops and maintains a site-verified database of photos,
valuations and property information of virtually every property in entire
cities, using a proprietary "GeoScore" property rating system. Zaio and its
network of premiere, local appraiser experts photograph and appraise entire
cities, one building 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.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release.
This news 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 news 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.
For further information:
For further information: Bradley Stinson, CEO, (877) 318-0537; Rodney
Mitton, CFO, (877) 318-0537