Clarocity Corporation Announces Reorganization of Valuation Services Division

CALGARY, May 5, 2017 /CNW/ - Clarocity Corporation (TSXV: CLY) (the "Company" or "Clarocity"), today announced that it is reorganizing its valuation services division under the leadership of Aleksandra "Zan" James to consolidate product offering and streamline operations.  This new division will reorganize the Valuation Vision services group and Valued Veterans AMC into a single services organization.

"This new combined division will consolidate our services and serve as the one-stop shop for the entire spectrum of valuation solutions," said Shane Copeland, CEO of Clarocity. "Additionally, this provides the structural transparency needed to drive profit accountability in our services division as we continue to invest in platform and valuation technologies. Zan has done an exceptional job in driving the success of our operations, and this expanded role ensures that we continue to provide an innovative superior customer experience."

Clarocity Corporation is also announcing that effective May 5th, Andrew Belt, the former President of Valued Veterans has resigned his position as part of the planned restructuring. While we had anticipated this change would occur over the next quarter, it ultimately made better sense for Mr. Belt to make the change concurrent with the planned reorganization. 

"We want to thank Andrew for his contribution to the company and wish him well in his future ventures," said Shane Copeland. "Andrew has an entrepreneurial spirit and a desire to explore new opportunities outside the valuation sector of our industry."

Aleksandra James, Chief Operating Officer of Valuation Vision, will now lead this division. As a founding member of Valuation Vision, Ms. James brings extensive leadership experience in several nationwide appraisal management firms. Ms. James will be responsible for building out a profitable services operation that sets new standards in valuation service and quality.

"We're committed to innovating our services to build a unique customer experience for our industry," said Aleksandra James, President of Valuation Services. "Having all of our offerings under a fully-compliant umbrella will not only streamline costs, but also provide our clients seamless access to these new hybrid valuation solutions that are changing the industry."

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: 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

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http://www.clarocity.com/

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