CALGARY, Oct. 17, 2013 /CNW/ - Zaio Corporation (TSX-V:ZAO), ("Zaio" or
"the Company") is pleased to announce that it has retained Virtus
Advisory Group Inc. ("Virtus") to develop and implement a strategic
investor relations program, which includes enhancing the Company's
exposure among industry stakeholders and investors across Canada.
In connection with the engagement, Virtus has been awarded a consulting
contract for a monthly fee of $5,000. In addition, Virtus will be
granted incentive stock options to acquire 50,000 common shares of the
Company at an exercise price of $0.23 per share. The options shall be
subject to regulatory approval, and shall expire 5 years from the date
of grant.
The Company's engagement of Virtus is subject to the acceptance of the
TSX Venture Exchange. Virtus and Zaio act at arm's length, and the
engagement represents Virtus's only direct or indirect interest in the
Company or its securities.
Zaio is also pleased to announce that, subject to regulatory approval,
it has retained Venture Liquidity Providers Inc. ("VLP") to initiate
its market-making service to provide assistance in maintaining an
orderly trading market for the common shares of the company.
The market-making service will be undertaken by VLP through a registered
broker, W.D. Latimer Co. Ltd., in compliance with the applicable
policies of the TSX Venture Exchange and other applicable laws. For its
services, the Company has agreed to pay VLP $5,000 per month for a
period of 12 months. The agreement may be terminated at any time by
Zaio after 3 months. The Company and VLP act at arm's length, and VLP
has no present interest, directly or indirectly, in the corporation or
its securities. The finances and the shares required for the
market-making service are provided by W.D. Latimer. The fee paid by the
company to VLP is for services only.
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 valuations prepared by licensed appraisers across
the United States. Visit the company online at zaio.com.
About Virtus Advisory Group Inc.
Virtus is a Toronto-based consulting firm, that provides select private
and publicly listed companies with business consulting and investor
relations services. Virtus specializes in taking a unique and
collective approach in bringing all necessary parties together to help
clients achieve their capital markets objectives.
About Venture Liquidity Providers Inc.
Venture Liquidity Providers is a specialized consulting firm based in
Toronto providing a variety of services focused on TSX Venture Exchange
listed stocks. VLP's exclusive market making service is provided by
W.D. Latimer Co. Limited, Canada's premier market making firm.
About W.D. Latimer Co. Limited
W.D. Latimer Co. Limited is one of Toronto's most active broker-dealers.
With more than 40 proprietary traders and specialist for the Toronto
Stock Exchange, an institutional agency desk and private client
services. W.D. Latimer Co. Limited is one of Canada's largest
proprietary trading firms. For further information on W.D. Latimer Co.
Limited, contact Mykal Johncox, Venture Market Making Specialist at
(416) 363-1870 or email mykal.johncox@wdlatimer.com.
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.
This press release contains forward looking statements. 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 TSXV, CNSX nor their Regulation
Services Provider accepts responsibility for the adequacy or accuracy
of this release.
SOURCE Zaio Corporation
