CALGARY, Jan. 8 /CNW/ - Zaio Corporation (TSX-V: ZAO - News) is pleased to announce the fourth quarter and year-end results of its Zone sales to appraisers and real estate images added to the database across the United States.
In the fourth quarter the Company sold 226 Zone licenses compared to 204 in the third quarter. The fourth quarter marked the first sale of licenses under a new "Large Purchaser" program.
Several firms have purchased over 25 Zones each under this program, including a firm which purchased 45 Zones representing the entire Indianapolis, Indiana Metropolitan Statistical Area (MSA). Zaio continues to have discussions with prospective purchasers of Zones in entire States, MSAs and multiple counties. Zone sales for the year amounted to 992 bringing the cumulative number to 1,526. While this represents 20% of the total Zones in the United States, it actually represents over one third of the major metropolitan areas which are most important to national lenders
John Ross, Managing Director of Zone sales stated: "Lenders and other potential clients for the quality data are encouraging us to complete the "Appraisal Data Warehouse(TM)" as quickly as possible and we are motivated to speed up the process while not losing sight of the fact that we insist on licensing only to appraisers who are leaders in their market.
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