CARLSBAD, CA, Jan. 12, 2018 /CNW/ - Clarocity Corporation
(TSXV:CLY; OTCQB:CLRYF) (the "Company" or "Clarocity") is pleased
to announced that it has finalized a Strategic Alignment Teaming
Agreement (the "Agreement") with key stakeholders within the
Company, primarily management, to better align them with the
interests of shareholders to advance the previously announced
strategic alternatives process. As a result of the Agreement,
executives of the Company will have scaled compensation tied to the
success of any resulting strategic transaction, payable over time
following completion.
Under the terms of the Agreement, Shane
Copeland, Ernie Durbin,
Bill Mohler and Aleksandra James are the designated recipients
of any compensation arising from the bonus pool.
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
