Clarocity Corporation Announces New Contract with U.S. Government Backed Mortgage Purchaser

CALGARY, May 1, 2017 /CNW/ - Clarocity Corporation (TSXV:CLY) (the "Company" or "Clarocity") is pleased to announce that it has been contracted by a U.S. Government Mortgage Purchaser, to introduce new review products and technology into their analytics workflow, including Clarocity's Technology Platform.

"While this new contract represents an estimated $1 Million CAD over the next year, it more importantly gives us the opportunity to extend our technology and services deep into the client's workflow," said Shane Copeland, CEO of Clarocity Corporation. "After an already successful pilot, we'll be leveraging our platform technology to bring unsurpassed clarity to their existing appraisal process."

The Clarocity Technology Platform is designed to deliver the next-generation of alternative valuation solutions. Built with proprietary workflow technologies, the Clarocity Platform engages thousands of agents and appraisers across the country monthly to deliver powerful data-driven products that set a new standard in residential valuation.

"Our Clarocity platform will be a cornerstone for valuation review and analytics that this agency relies on," said Bill Mohler, Chief Product Officer or Clarocity Corporation. "Over the next few months, we'll be rolling out a new set of tools that leverage our platform to be an integral part of the valuation process."

About Clarocity Corporation

Clarocity Corporation provides real estate valuation solutions and platform technologies designed to address today's dynamic housing market. Our innovative platform is driving the next-generation of valuation solutions such as MarketValue Pro (MVP) and BPOMerge and setting new standards in real estate valuation quality and reliability.

Every day GSE, banking, and investor clients rely on our proprietary solutions to value assets, fund loans, and securitize portfolios. As a fully integrated technology and valuation services company, Clarocity provides a full spectrum of appraisal and alternative valuation solutions. For more information, visit www.clarocity.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell or a solicitation of an offer to buy and 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.

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.

SOURCE Clarocity Corporation

For further information: For further information visit www.clarocity.com or contact: Shane Copeland, CEO, Clarocity Corporation, 760-208-6460, scopeland@clarocity.com; Babak Pedram, Investor Relations, Virtus Advisory Group Inc.,416-644-5081, bpedram@virtusadvisory.com

RELATED LINKS
http://www.clarocity.com/

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