Zaio Appoints Joel Strickland to Chair Advisory Committee

TSX Venture Exchange Symbol: ZAO

CALGARY, July 14 /CNW/ - Further to the Company's restructuring plan, Zaio Corporation is pleased to announce a third new member of the leadership team with the appointment of Joel Strickland, to chair the company's new Advisory Committee.

Mr. Strickland offers the experience of being a senior fixed income trader in New York where he assumed responsibility for all Government of Canada fixed income trading at Lehman Brothers. In earlier years he worked in Toronto with First Boston (now Credit Suisse) and Burns Fry (now BMO) and Midland Walwyn

Mr. Strickland is also an entrepreneur and financier. His most recent success was Buchanan Renewables, a company he established in Liberia, West Africa. Strickland founded, acted as President, secured financing for the development of the company and for a period operated the company which employed over 700 Liberians to produce woody biomass which was shipped from Africa to Europe, for energy purposes. Recently Mr. Strickland has been assembling gold exploration rights in West Africa.

Joel Strickland is a graduate of the Richard Ivey Business School's HBA program and is often engaged as a close advisor for CEO's in his investee companies. His current Board positions include Canadian National Stock Exchange (CNSX), Welaptega Marine Ltd. and Elephant and Castle Inc.

In Mr. Strickland's words, "ZAIO offers a very timely, comprehensive solution to a major problem, namely making widely available, real time, accurate appraisals of underlying real estate, so that financiers can make informed lending and investment decisions when originating loans of evaluating assets held in various securities. I'm delighted to join Brad Stinson and the new Zaio team, as we effectively re-launch ZAIO at a time when its offering is so urgently needed."

Mr. Strickland joins Board Member John Gillberry and President David King in the strengthening and broadening of the corporate team which began in the second quarter of this year.

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]