CALGARY, Sept. 7, 2016 /CNW/ - Zaio Corporation
(TSXV: ZAO) (the "Company" or "Zaio") today announced that
Phil Wazonek has been relieved of
his duties as President and COO of Zaio Corporation effective
immediately. As Mr. Wazonek's contract does not expire until
December 31, 2016 he will fulfill the
role of special advisor and specific project lead, as directed by
the CEO Shane Copeland. At this
time, no replacement has been appointed.
"On behalf of the organization, I would like to sincerely thank
Phil for his dedication to Zaio Corporation," offered Shane Copeland, CEO of Zaio Corporation. "Phil
has been an integral part of transitioning into Clarocity and we
thank him for the tremendous amount of time and devotion he
committed. However, as we move away from an operational focus in
Canada, Phil's services will no
longer be required. We wish Phil the best of luck in his future
endeavours."
About Zaio Corporation
Zaio Corporation was founded on the simple premise, that current
real estate valuation technologies lacked the information necessary
to deal with today's dynamic housing market. Zaio is disrupting
what was thought possible by building powerful data and technology
solutions that leverages the expertise of real estate and appraisal
professionals at a massive scale. Every day our GSE, banking,
and investor clients rely on our proprietary solutions to fund
loans and value assets. At Zaio, our mission is to ensure that our
solutions provide businesses and consumers unparalleled insight
into their real estate assets. For more information, visit
www.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.
Forward-Looking Information
This news 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, the overall
economy in both Canada and
the United States. Forward-looking
information in this press release, includes, among other things,
information relating to any applicable approvals required in order
to complete the Financing, which may include, but is not limited
to, the approval of the TSX Venture Exchange and approval by the
shareholders of Zaio. 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.
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
SOURCE Zaio Corporation