CARLSBAD, CA, Dec. 5, 2017 /CNW/ - Clarocity Inc. a subsidiary of Clarocity Corporation (TSXV:CLY; OTCQB:CLRYF) (the "Company" or "Clarocity") and CIS Group have entered into a strategic collaboration arrangement with the intent to expand field services to support the next-generation of real estate valuation.
"We're pleased to announce this strategic alliance between CIS Group and Clarocity," said Shane Copeland, CEO of Clarocity Corporation. "The synergies that will be developed through a partnership with one of the most successful insurance claims and inspection services companies cannot be overstated. Not only will it expose Clarocity products and services to the insurance industry, CIS' expertise with field services and repair costs analysis will allow us to deliver revolutionary new solutions for our banking clients."
"CIS Group is excited to partner with Clarocity," said Ballard Castleman, CEO of the CIS Group of Companies. "This is a great opportunity to leverage our nationwide field presence in tandem with the valuation industry expertise and leading edge technology of the Clarocity team."
As part of this strategic arrangement, Clarocity and CIS Group intend to focus their combined expertise to develop new solutions that merge the real estate valuation expertise with in-depth knowledge of real estate inspection, repair and remodelling costs.
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.
About CIS Group
Headquartered in Southlake, Texas, with inspectors and adjusters in all 50 states, CIS Group has overseen the completion of over 21 million field underwriting and claim transactions since 1996. Whether clients seek a traditional "feet on the street" approach or risk management strategies that leverage emerging technologies, CIS offers solutions that are fast, accurate and valuable. For more information, visit www.cisgroup.net.
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, [email protected]; Babak Pedram, Investor Relations, Virtus Advisory Group Inc., 416-644-5081, [email protected]