WORKING OUR WAY TO THE TOP

Zaio earns a spot on the TSX Venture 50
 
When the opening bell rang at Toronto Stock Exchange on June 21st in honour of this year’s TSX Venture 50 companies, Zaio CEO Thomas Inserra was proud to be among the celebrants. Zaio placed 25th on the list, which is designed to raise awareness of leading TSX Venture Exchange companies.

“We are pleased to be a part of this prestigious group and are confident that we will continue to record strong performances for all our stakeholders,” says Inserra. “Our performance for 2007 has already significantly surpassed the 2006 milestones used in the calculation of the Venture 50 ranking.”

Zaio generated a 186% return on investment to shareholders during 2006, ranking it 25th of the top 50 firms, and eighth within the technology sector. Zaio ended 2006 with a share price of $1.00 and, at the recent close price of $2.50, has generated a return on investment of 150% so far during 2007.

The TSX Venture Exchange is Canada’s public venture capital marketplace and home to over 2100 companies. The 2007 TSX Venture 50 represents a ranking of growth companies listed on the exchange as of December 31, 2006. Ranking is based on a formula with equal weighting given to one-year revenue, return on investment, market cap growth, and trading volume. Irevna LLC, a New York market-research firm, conducted the 2007 ranking.

“Zaio is a debt-free, positive cash flow company with substantial cash reserves,” notes Inserra. “We are well positioned for rapid growth and everyone – Board, management and employees – is focused on maximizing shareholder returns for the long-term.”

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