Clarocity Corporation Renews Multiple Year Contract with Large Secondary Market Lender

CALGARY, Dec. 22, 2016 /CNW/ - Clarocity Corporation (TSXV:CLY) (the "Company" or "Clarocity") is pleased to announce that Valuation Vision's contract to provide BPOMerge to a previously announced Secondary Market Lender has been renewed and extended for an additional three years.

"This is clearly a testament to the performance and accuracy of our BPOMerge product," said Shane Copeland, CEO of Clarocity Corporation. "Not only have we continued to exceed quality and service expectations for this product, recent improvements to our corporate performance are allowing us to expand into new states."

BPOMerge™ is a proprietary valuation solution, where multiple agents provide independent research and price opinions. The innovative MergeValue™ algorithm scores agent performance to determine the most probable outcome as a reconciled value. With 18 expert-selected comparables and over 40 site inspection data elements, BPOMerge provides a significant amount of data and insight on the subject property.

"Over the last two years of this contract, we've been continuously measured in terms of product and services performance," said Zan James, Chief Operating Officer of Valuation Vision. "Not only have we repeatedly outranked competitors in terms of quality and service, we've developed an agile customer-focused organization that quickly adapts technology and product the client's strategic needs. As­­­ a result, we've continued to expand the map of states where our product is selected over competing solutions."

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.zaio.com

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890