CALGARY, May 19, 2016 /CNW/ - Zaio Corporation (TSXV: ZAO)
(the "Company" or "Zaio") is pleased to announce that it has
engaged Morningstar Credit Ratings to assign their residential
vendor ranking for its U.S. subsidiary Valuation Vision, Inc.
"Morningstar's residential ranking is a recognized standard for
measuring valuation vendor performance," said Shane Copeland, CEO of Zaio Corporation. "We
believe that in today's tough regulatory environment, a Morningstar
ranking will confirm our commitment to providing high-quality asset
valuations for rated transactions which will allow Valuation Vision
to expand further into the expanding mortgage securitization
space."
Morningstar Credit Ratings' operational risk assessment for
vendors establishes a new standard for vendors who want to
demonstrate a commitment to quality service and their ability to
meet or exceed their client's mission critical performance
objectives.
"We believe that our processes and technology have enabled
Valuation Vision to continuously lead in client performance
scoring," said Aleksandra James,
Chief Operating Officer of Valuation Vision. "We look forward to
Morningstar providing their third-party perspective, ensuring that
we continue to maintain a high level of vendor performance."
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 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