Zaio and Valuation Vision to Host Shareholder Open House

- Board of Directors Also Announces the Termination of David King as President and CEO -

CALGARY, Oct. 29, 2015 /CNW/ - The leadership team of ZAIO Corporation and our wholly owned subsidiary Valuation Vision (VV) are hosting a shareholder open house on Friday October 30, 2015 in the ZAIO Head Office located in Suite 200, 6940 Fisher Road SE in Calgary between 1 and 4 pm local Mountain Time.  

"We are excited to have the opportunity for all of our shareholders to meet the VV leadership team and the ZAIO leadership/ technology team to get a thorough update on the business that we are building in the residential real estate valuation market in the United States," stated Joel Strickland, Chairman of ZAIO. "We are delighted to have the whole team available to explain essential elements of our business and introduce how VV is disrupting the alternative residential real estate valuation sector. Our open house is a wonderful opportunity to communicate the ZAIO and VV mission." 

ZAIO also announces that David King has been terminated from his position as President and CEO by the Board of Directors, effective immediately. 

Joel Strickland, Chairman of the Board has been appointed interim CEO, and Phil Wazonek, currently a Zaio Director has been appointed interim President and Chief Operating Officer.  

Phil Wazonek stated, "In addition to the opportunity for our shareholders to meet the VV leadership team and the ZAIO tech team, we welcome the opportunity for all of our shareholders to meet and share in the vision of Zaio moving forward."

About Zaio Corporation
Zaio provides customers in the property valuation, underwriting and lending industries with real-time access to certified appraisal reports from the company's patented database of proactively maintained residential property evaluations prepared by licensed appraisers across the United States.  Visit the company online at 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.

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.

SOURCE Zaio Corporation

For further information visit www.zaio.com or contact: Joel Strickland, Chairman, Interim CEO, Zaio Corporation, 647-295-9500, [email protected]; Babak Pedram, Investor Relations, Virtus Advisory Group Inc., 416-644-5081, [email protected]