Zaio Corporation and The Keylink Family of Companies Extend the Clarocity Technology Platform to Include GSE Asset Inspections

CALGARY, May 12, 2016 /CNW/ - Zaio Corporation (TSXV: ZAO) (the "Company" or "Zaio") is pleased to announce that it has entered into a strategic agreement with the Keylink Family of Companies to leverage the Clarocity technology platform in order to manage and perform inspection and preservation services for a U.S. Government Sponsored Entity (GSE).

"We're pleased to have developed a robust asset management solution in partnership with Keylink to best serve the needs of this new GSE client," said Shane Copeland, CEO of Zaio Corporation. "Keylink continues to be one of our closest partners, and we're strategically aligned in developing innovative new technologies to manage assets over their entire lifecycle."

The Keylink Family of Companies will deploy the Clarocity technology platform to perform inspection and property preservation services on GSE assets. As part of this strategic agreement, the two companies will work closely to develop the next-generation of lender servicing platforms to manage assets throughout their entire lifecycle.

"At Keylink, we often need to deploy multiple technology solutions to achieve our goal," stated Damien Chiodo, President and Chairman of the Keylink Family of Companies. "Clarocity is by far the most innovative user-centric platform we've used, and we believe our partnership will extend the platform's capabilities to manage and preserve assets."

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.

About the Keylink Family of Companies
The KeyLink Family of Companies has been assisting financial institutions with the acquisition, valuation, management and timely disposition of real estate assets for over a decade. Our primary goal from inception was to create innovative processes that would result in a better overall consumer experience while meeting or exceeding our client's performance and execution expectations.

KeyLink was founded on the belief that there will always be ways to improve results through the implementation of new and innovative practices. Today, we continue to deliver "Service Beyond Borders" for some of the largest companies in the world.  Visit www.gokeylink.com for details.

Neither the 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.

Certain information in this press release is forward-looking within the meaning of Canadian securities laws as it relates to anticipated events and strategies. When used in this context, words such as will, anticipate, believe, plan, mandated, intend, target, and expect or similar words suggest future outcomes.

Forward-looking information in this press release, includes, among other things, information relating to: any applicable approvals required in order to complete the consolidation, subdivision and/or name change, which may include, but is not limited to, the approval of the TSX Venture Exchange and approval by the shareholders of Zaio.

These statements are based on certain assumptions and analyses made by the Company in light of its experience, current conditions and expected future developments and other factors it believes are appropriate. The material factors and assumptions used to develop these forward-looking statements include, but are not limited to the ability of the Company to obtain regulatory and shareholder approvals.

Readers are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purpose of providing information about management's current expectations, and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Zaio does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in Zaio's expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

SOURCE Zaio Corporation

visit www.zaio.com or contact: Shane Copeland, CEO, Zaio Corporation, 760-208-6460, [email protected]; Phil Wazonek, President, COO, Zaio Corporation, 403-819-5449, [email protected]; Babak Pedram, Investor Relations, Virtus Advisory Group Inc., 416-644-5081, [email protected]