Zaio Adds John Gillberry to its Board of Directors

TSX Venture Exchange Symbol: ZAO

CALGARY, April 29 /CNW/ - Zaio Corporation is pleased to announce the appointment of Mr. John Gillberry, MBA to its Board of Directors.

John is a seasoned senior executive with a track record spanning nearly two decades of success with particular expertise in managing the finance and operations of venture capital backed enterprises. He has successfully completed complex transactions including mergers, acquisitions, cross-border business arrangements and international business agreements and has held a variety of senior roles ranging from Vice President and CEO at a variety of leading firms including G.A. Finance, RCA Corporation, General Electric, Thomson SA, Radiant Energy Corporation and Newcourt Credit Group. A successful entrepreneur in his own right, John was the founder and president of Bayfield Capital Group, a specialized corporate finance advisory firm providing expertise in areas of mergers, acquisitions, asset based lending solutions, capital acquisition and other growth strategies which may take advantage of non-traditional or equity financing. John sits on several Boards of both private and public corporations, including Wi-LAN Inc., and is active in local and community non-profit organizations. He holds a Masters Degree in Business Administration from the Ivey School of Business, University of Western Ontario.

"Zaio offers a product that could not be more in tune with today's economic need. I see strong potential and I am very excited about this opportunity to help bring it to market." commented Mr. Gillberry.

About Zaio:

Zaio develops and maintains a site-verified database of photos, valuations and property information on virtually every residential property in entire cities, using a proprietary "GeoScore(TM)" property rating system. Zaio licenses its technology to networks of premiere, local appraiser experts who can then appraise and monitor values across entire cities, one home at a time from the street. The Company's products are available in the United States through its Licensee, Zone Data Systems LLC. 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 US under the trading symbol "ZAOFF". For more company information, visit corporate.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.

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For further information: Zaio Corporation: Bradley Stinson, CEO, [phone]; Rodney Mitton, CFO, [phone]; Stone Communication Services Limited: Brian Edelstein, Managing Director, [phone], [email protected]