ZAIO CORPORATION ANNOUNCES Q1 2015 FINANCIAL RESULTS AND WARRANT EXTENSION

Zaio Corp. has released its first quarter financial results for the three-month period ended March 31, 2015.

"While the amount we are able to book this quarter is small at $64,000, we are pleased to be able to begin to report revenue from our integrated operations on Zaio's books," said David King, President and CEO of Zaio Corporation. "The revenue we can book will increase immediately with the closing of Valuation Vision LLC asset purchase and then quickly ramp up and align to our pro forma guidance when we close Axis."We are seeing strong market acceptance and demand across our entire product line, including our innovative BPOMerge product," continued Mr. King. "As a result, we're gearing up operations team across all three companies to handle increased volume and demand."

Financial Highlights

Total revenue was $64,480 for the three months ended March 31, 2015, compared to nil for the same period in 2014. Total expenses were $3,349,202 for the three month ended March 31, 2015, compared to $1,320,075 for the same period in 2014. Total expenses, excluding one-time costs of cancelling the ZDS agreement, were $1,717,202 for the three months ended March 31, 2015, compared to $1,350,504 for the same period in 2014 to scale technology and operations to handle volume growth. Net loss and comprehensive loss of $3,284,722 ($0.02 per share) for the three months ended March 31, 2015, compared to loss of $1,320,075 ($0.02 per share) for the same period in 2014. This loss includes a one-time cost of $1,632,000 to cancel the ZDS agreement and includes additional investments in operations and technology As at March 31, 2015, the Company's cash position was $2,613,145, compared to a cash position of $4,260,593 on December 31, 2014.

Operational Highlights

During the quarter the Company, received approval from the TSX Venture Exchange (the "Exchange") to terminate the National License Agreement with Zone Data Systems. added a US based CFO, Larry Stritch and a support team to help administer the US operations and complete the Axis transaction. Subsequent to the quarter the Company, was awarded a multi-year national supplier agreement with one of the largest secondary market lenders in the United States. appointed Ron Love as its new Chief Financial Officer announced that its products became available on one of the largest valuation product marketplaces serving the U.S. banking industry. announced a one-time conversion opportunity for its debentureholders and to contemporaneously exercise their warrants.

The Company is also pleased to announce that the Exchange has approved a further extension of the outstanding share purchase warrants ("Warrants") issued as part of the Company's private placement of Units which closed in two tranches on February 21, 2012 and March 19, 2012. The expiry date of the Warrants (extended by the Company in February 2014 until June 30, 2015) has been extended until December 31, 2015. Following the share consolidation completed by the Company on June 22, 2012 on the basis of one post-consolidated common share for every four pre-consolidation common shares outstanding, the Warrants are exercisable at four Warrants for one common share at an exercise price of $0.52 per share. Pursuant to the policies of the Exchange, Warrants issued to brokers, agents or finders may not be amended. Insiders of the Corporation hold 1.49% of the Warrants.The Warrants will now expire on December 31, 2015 at 5:00 p.m. (Calgary time). All other terms and conditions of the Warrants remain unchanged. The Corporation will deliver a Notice of Amendment reflecting the amended expiry date to the registered holders of the respective Warrants.

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