Zaio Corporation

Zaio Corporation

July 05, 2011 07:30 ET

Zaio Corporation Appoints Chief Financial Officer

CALGARY, ALBERTA--(Marketwire - July 5, 2011) - Zaio Corporation (CNSX:ZAO) (the "Company"), is pleased to announce that it has appointed Mr. Craig Hauer as the Company's Chief Financial Officer effective July 1, 2011. Mr. Hauer replaces Mr. Rod Mitton who is retiring after serving the Company for more than 8 years.

"With more than 25 years of senior executive experience, Craig brings strong financial skills to Zaio as well as a deep understanding of the entrepreneurial culture that is at the heart of this enterprise," said David King, Zaio's President and CEO.

Since 1992, Mr. Hauer has served as the President of Walden Financial Corporation, a Calgary-based financial consulting firm and will serve Zaio under contract. He received his CMA designation in 1985. Craig is active in the Calgary community through his involvement with the Calgary Chamber of Commerce, the Calgary Stampede, and the local chapter of Junior Achievement.

"On behalf of the board of directors, I want to welcome Craig to the Zaio management team and to express sincere appreciation to our retiring CFO and board member, Rod Mitton, who has served the company with distinction for the past 8 years," added John Gillberry, Zaio's Executive Chairman.

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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 proprietary database of proactively maintained residential property valuations prepared by licensed appraisers across the United States. The Company's products are available in the United States through its Licensee, Zone Data Systems LLC.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any 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.

Neither CNSX nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Zaio Corporation
    David King
    President & CEO
    (877) 318-0537

    Genoa Management Ltd.
    John Sadler
    (416) 594-9292