New Appointment Supplies Solid Foundation for Management Team



    SCOTTSDALE, AZ, Aug. 7 /EMWNews/ - Douglas Vincent,

recently named CEO of Zaio Corporation (TSX-V: ZAO), a real estate database

and technology provider, announces the appointment of James A. Kirchmeyer

as President of Zaio Corporation. Mr. Kirchmeyer has been with Zaio as

result of the acquisition of his company in June of 2007. He will also

serve as a member of the Board of Directors.



    Jim is the ideal choice for President of Zaio," commented Chief

Executive Officer, Doug Vincent. "We have the compatibility necessary to

supply a solid foundation for our dynamic executive management team. We

share the commitment to align our corporate initiatives and priorities

strategically. Personally, I am energized that, as we roll out our Zaio

products and solutions across the country, we share an unwavering focus on

delivery and execution with a philosophy of tight fiscal management. We

have tremendous opportunity ahead of us," stated Vincent.



    Jim Kirchmeyer began his extensive career in the Real Estate Valuation

Industry in 1983 as a New York State Certified Appraiser, earning the SRA

designation from the Appraisal Institute. In 1994, he founded his own Real

Estate Appraisal Company, Kirchmeyer & Associates, Inc. where his company

grew from servicing the Buffalo, New York area to include multiple offices

providing services throughout the United States.



    As a complement to his Real Estate Appraisal Company, Kirchmeyer

founded Real Info, Inc. in 1995, a real estate valuation and data company

specializing in Automated Valuation Models. Zaio acquired Kirchmeyer &

Associates and Real Info in June of 2007.



    A well-known expert in the valuation industry, Jim is a founding member

and current Chairman of the Collateral Assessment & Technologies Committee

(CATC) associated with the Real Estate Information Professionals

Association (REIPA). Jim teaches banking examiners and federal regulators

for the FFIEC and brings his extensive knowledge, expertise and enthusiasm

to the Zaio team.



    "One of our first objectives as an executive team is to cure

redundancies that resulted from our strategic acquisitions," stated

Kirchmeyer. "Acquisitions made last year were held intact as insular

operations to optimize stability and promote product delivery. We will

continue our review of business strategies and refine and optimize our

go-forward strategy. Increasing value to shareholders, customers, and Zone

owners is our primary focus."



    In connection with these changes, the Company had granted 450,000 share

options which have a five year term and vest over the next 24 months at an

exercise price of $0.46.

    About Zaio



    Zaio is a technology and database company. The Zaio network of

appraisers currently serves approximately 500 lenders with a variety of

nationwide appraisal services. Zaio maintains a secure database of 140

million properties and its affiliated appraisers are now site verifying

property data, photos and appraisals of virtually every property in

America. Zaio's network of local appraiser experts appraise entire cities,

one building at a time using a proprietary GeoScore(TM) rating system. Zaio

trades under the symbol "ZAO" with additional information available under

the symbol "ZAOFF".



    For investors who would like to be added to the Zaio investor

distribution list or receive a copy of the 2007 Annual Report, please

contact Lisa Lyscio at [email protected].



    The TSX Venture Exchange has not reviewed and does not accept

responsibility for the adequacy or accuracy of this press release. This

press release contains forward-looking statements, which may include

financial and business prospects, as well as statements regarding the

Company's future plans, objectives or economic performance and financial

outlooks. Such statements are subject to risk factors associated with the

real estate industry, and the overall economy in both Canada and the United

States. The Company believes that the expectations reflected in this press

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 to reflect subsequent information, events,

results or circumstances or otherwise.