ZAIO performance ranked in top 50 for second straight year

CALGARY, June 19 /CNW/ - Zaio Corporation (TSX-V: ZAO.V) has been selected as one of the "2008 TSX Venture 50," a ranking of the top 10 public companies in five industry sectors listed on TSX Venture Exchange. Zaio was ranked among the top 10 best performing technology firms for the second consecutive year.

The "TSX Venture 50" ranking was initiated by the TSX Venture Exchange to provide the investment community with information on the top performing companies of more than 2,000 corporations that are listed on the Exchange. The criteria used by the TSX Venture Exchange to determine this elite list is based on a formula considering revenue, return on investment, market capitalization growth and trading volume with data compiled as of December 31, 2007. In the key metrics evaluated by the Exchange, Zaio achieved the following results:

Zaio's 2007 revenues were CDN$12.4 million a 43 fold increase over 2006

revenues of CDN$289,000. Comparing Zaio's beginning and ending stock

price in 2007 indicates a 60% Return on Investment (ROI) for

shareholders. Zaio's market capitalization in 2007 grew from

CDN$32.4 million to CDN$90.4 million representing a CDN$58 million in

value creation for shareholders and a 179% increase in market

capitalization. Annual trading volume from 2006 to 2007 increased 282%.

Although not included in the TSX ranking, Zaio also delivered the following 2007 results in other key metrics tracked by management:

Cash on hand at year end 2007 was CDN$11.7 million compared to

CDN$3.2 million in 2006. Through 2007, 1,526 Zone licenses had been sold,

and 15 million separate properties had been photographed. During 2007,

Zaio successfully raised CDN$27 million in capital.

"We are honored to be included in the TSX Venture Top 50 for the second straight year and believe it confirms our commitment to growing Zaio in an efficient and effective manner on behalf of our loyal shareholders," states Thomas Inserra, CEO, Zaio. "Through our Go Live 2008 program, we are now executing plans aimed at further accelerating our national roll-out and we continue to demonstrate our value to investors, customers and the home buying public."

Go Live 2008 is a program designed to bring Zaio Zones to active status quickly and efficiently so that Zaio and its network of affiliated appraisers can serve lenders and other customers more efficiently. Over 400 appraisers have now been trained to utilize Zaio's patent-pending technology and are currently initiating a coordinated deployment in hundreds of U.S. cities.

Interested investors may access company annual reports, quarterly results, press releases and other information at: www.zaio.com under the investor section.

About Zaio

Zaio is a technology and database company. A network of Zaio related appraisers currently serve approximately 500 lenders with a variety of appraisal services nationwide. 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. Additional information is available under the symbol "ZAOFF."

For investors who would like to be added to Zaio's investor distribution list or receive a 2007 Annual Report, please contact Lisa Lyscio at llyscio@zaio.com.

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.

Contacts

For more company information
visit www.zaio.com or please contact: Don Kelly
Chief Communications Officer
(202) 302-3870

Lisa Lyscio
Manager
Investor Relations
(480) 449-2606