CALGARY, Oct. 14, 2016 /CNW/ - Zaio Corporation (TSXV:
ZAO) (the "Company" or "Zaio") is pleased to announce that is has
officially re-launched as Clarocity Corporation (TSXV: CLY) as part
of its strategy to take the company to the next-level as an
integrated technology and services company providing the
next-generation of appraisal and valuation solutions. Clarocity is
entirely about NEXT.
"From its inception, the Clarocity brand has represented the
clarity and speed that our proprietary technologies bring to the
entire valuation process," said Shane
Copeland, Chief Executive Officer of Clarocity Corporation.
"While we've been signalling this move for months, the addition of
Valued Veterans is a key strategic component that will provide the
integrated services and access to licensed appraisers needed to
fuel product demand and adoption with our lending clients. Demand
for our valuation technology and our next generation product
innovations has exceeded our expectations, as we have built a
pipeline of licenses ready to begin the rollout process."
As part of the rebranding, Clarocity Corporation has launched a
new website (Clarocity.com) focused on the underlying platform
technology that powers their next-generation valuation products and
solutions. As part of the overall distribution strategy, Clarocity
is making its platform technology available for license to select
lenders and valuation companies seeking to produce these proven
proprietary valuation solutions. This strategy is the first step of
transforming Clarocity into a PaaS (Platform as a Service)
company.
"Over the last several years, we've successfully completed
hundreds of thousands of orders through Valuation Vision and
current platform licensees," stated Bill
Mohler, Executive Vice President of Marketing. "By licensing
our technology platform, we're not only greatly expanding our
distribution opportunity, we're creating an entirely new
marketplace for solutions that disrupt traditional appraisal and
broker price opinions."
Shareholders approved the name change by resolution at the
April 25, 2016 annual shareholder
meeting. Effective Monday, October 17, 2016 Clarocity
Corporation common shares will replace Zaio Corporation common
shares 1:1. The Company will trade under the ticker CLY and remain
listed on the TSX Venture Exchange.
About Clarocity Corporation
Clarocity Corporate (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 Zaio Corporation