Clarocity Corporation Announces Addition of Tom Signorello to Board of Directors

TORONTO, Oct. 10, 2017 /CNW/ - Clarocity Corporation (TSXV: CLY OTC: CLRYF) (the "Company" or "Clarocity") is pleased to announce that Tom Signorello has joined the Company's Board of Directors.

"We are very happy to add Tom to an already strong Board of Directors," said Shane Copeland, CEO of Clarocity. "His extensive experience in the U.S. Financial Services industry as well as his deep background in enterprise level software deals will be extremely helpful to Clarocity as we accelerate our growth in platform sales and associated technology revenue. His input will be extremely helpful."  

As a 23-year tech veteran, Tom has a strong track record of creating profitable revenue streams across multiple industry sectors and developing sustainable efficiency to accelerate business objectives.

As CEO of Arcserve, a provider of data protection, replication and recovery solutions for enterprises and small to medium businesses, Tom establishes the company's global strategy and is responsible for driving value to achieve worldwide sales goals and setting the strategic direction of its portfolio of solutions.

Prior to joining Arcserve in 2017, Tom served as Chief Executive Officer at OnX, a global solutions and services provider, where he dramatically improved both top line and EBITA by integrating people, processes and tools to form a revolutionary digital experience with a business acumen that helped clients capture new opportunities, overcome obstacles and achieve exceptional business outcomes. During his tenure, he led the sales process of the company to strategic buyer, Cincinnati Bell. 

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.

Forward-Looking Information

This news release contains forward-looking statements which may include financial and business prospects, as well as statements regarding the Company's future plans, objectives or economic performance and financial outlooks. Such statements are subject to risk factors associated with the real estate industry, the overall economy in both Canada and the United States. 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.

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

SOURCE Clarocity Corporation

Shane Copeland, CEO, Clarocity Corporation, 760-208-6460, [email protected]; Babak Pedram, Investor Relations, Virtus Advisory Group Inc., 416-644-5081, [email protected]