Clarocity Corporation Names Eric Pitt as Director of National Sales

CALGARY, Feb. 28, 2017 /CNW/ - Clarocity Corporation (TSXV:CLY) (the "Company" or "Clarocity") is pleased to announce that Eric Pitt has joined the Company as Director of National Sales, responsible for further executing and strengthening the Company's sales strategy going forward.

Mr. Pitt has an extensive background in the real estate appraisal industry, spanning four decades and experience with building and managing both start-ups and very large sales organizations. Prior to joining Clarocity, Mr. Pitt most recently served as Senior Vice President of National Sales at Transcontinental Valuations, one of the fastest growing valuation management companies in the country, where he was responsible for implementing the company's sales strategy on a national scale.

"Eric is a highly experienced and well respected leader in the U.S. Valuation and Asset Management space. We are very excited to have him join the Clarocity leadership team," said Shane Copeland, CEO of Clarocity. "With an established history of building successful sales and operational platforms for national valuation services and technology companies, we could not ask for a better person to help lead our corporate sales group."

Mr. Copeland continued, "With proprietary valuation products such as MVPro, BPOPro and our best in class Clarocity platform, Clarocity is well positioned to take advantage of the rapid shift in the U.S. Valuation space towards next generation appraisal, inspection and asset management technologies and services. Hiring Eric allows us to capitalize on matching the tremendous growth in demand we have seen over the course of the last few months. With our team committed to sales execution and significant revenue growth for 2017 and beyond, the addition of an experienced and well respected Director of National Sales is a key step in ensuring our success."

"I am thrilled to join the team at Clarocity, who's technology leverages new concepts while simultaneously collaborating with vendors to reinvent the valuation and appraisal market. Having seen what the market has to offer, it quickly became very clear to me that we have something very special at Clarocity," stated Eric Pitt, Director of National Sales at Clarocity. "I look forward to working closely with Shane and his team to help bring Clarocity's exceptional technology to the forefront of the industry as we execute on a fundamentally strong sales strategy."

About Clarocity Corporation

Clarocity Corporation (formerly known as Zaio Corporation) provides real estate valuation technologies to deal with today's dynamic housing market through its proprietary valuation solutions. Every day GSE, banking, and investor clients rely on our proprietary solutions to fund loans and value assets. As a fully integrated technology and valuation services company, Clarocity provides unparalleled insight into their real estate business assets. 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

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

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