Move Part of Ongoing Zaio National Expansion
SCOTTSDALE, AZ, March 28 /CNW/ - Zaio Inc., the US Subsidiary of Zaio
Corporation (TSX-V: ZAO) announces its move from Tempe to Scottsdale, Arizona.
The new offices are located at 9200 E. Pima Center Parkway, Suite 200,
Scottsdale, Arizona, 85258. The telephone number is 800-541-1004 or
480-449-2600. The Scottsdale office serves as the U.S. headquarters for Zaio.
"This new location is required to support our growing base of customers
throughout the United State," states Thomas Inserra, Chief Executive Officer.
"We are thrilled to be part of Scottsdale's evolving business community and
look forward to an ongoing partnership with the city." The number of employers
in the city of Scottsdale is growing rapidly and Scottsdale is poised to
overtake Phoenix as the largest employment base in the state.
Zaio will officially move to Scottsdale on March 30, 2008. The new
offices will accommodate nearly one hundred local Zaio employees as well as
space for meetings and a classroom for training and instruction. The move to
Scottsdale marks a period of rapid expansion for the company as it continues
to play an important role in helping lenders to solve the mortgage crisis by
supplying a wide range of appraisal services in all 50 states. Zaio recently
reported its 2007 year end revenues were up dramatically over 2006 revenues,
and is now serving 500 lender customers throughout the nation.
Zaio is a technology and database company that maintains a secure
database of 140 million properties and is now site verifying property data,
photos and appraisals of virtually every property in America. Zaio's network
of local appraiser experts photograph, inspect, and appraise entire cities,
one building at a time using a proprietary GeoScore(TM) rating system. Zaio is
ranked among the top 50 best performing companies of more than
2,000 corporations on the TSX-V Exchange, and trades under the symbol "ZAO".
Additional information is available under the symbol "ZAOFF".
For investors who would like to be added to Zaio's investor distribution
list or receive a 2007 annual report, please contact Don Kelly 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 that 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: visit www.zaio.com or please contact: Thomas J.
Inserra, CEO, (480) 575-5111; Don Kelly, Chief Communications Officer, (202)