Bill Waltenbaugh Joins Clarocity Valuation Services as Chief Appraiser

Carlsbad, California – August 22, 2017 – Clarocity Corporation (TSXV: CLY) (the “Company” or “Clarocity”), today announced that Bill Waltenbaugh has joined Clarocity Valuation Services (“ClarocityVS”) as Chief Appraiser. In his role, Mr. Waltenbaugh will lead the appraisal quality control and compliance functions.

“Bill Waltenbaugh is a nationally recognized appraiser, with vast experience in ensuring exceptional appraisal quality and compliance,” said Aleksandra James, President of Clarocity Valuation Services. “As a key member of our strategic management team, Mr. Waltenbaugh will work to ensure that our entire product spectrum, including our proprietary appraisal solutions, maintain that high-quality standards that our customers have come to expect.”

Mr. Waltenbaugh is a certified appraiser with nearly 30 years’ experience in the real estate industry. During these years, he witnessed and experienced first-hand the many regulatory changes that occurred in the appraisal industry, from the advent of licensing to the passage of the Dodd-Frank Act. With several years’ experience as a Chief Appraiser and Director of Compliance; Bill has developed a proven track record of implementing necessary policy and procedures to ensure quality and compliance. Bill holds the SRA and AI-RRS designations with the Appraisal Institute. Previously, Mr. Waltenbaugh has served as Chief Appraiser at several nationwide appraisal management firms.

“The appraisal industry is bracing for a new wave of changes as technology and data are revolutionizing the way appraisers are engaged,” said Mr. Waltenbaugh, Chief Appraiser at Clarocity Valuation Services. “Clarocity represents the future of our industry, by combining modern technology, innovative products, and valuation expertise necessary to drive the next-generation of appraisal solutions. I’m excited to be joining what I consider to be the most talented team in the industry.”

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. Forward-looking information in this press release, includes, among other things, information relating to any applicable approvals required in order to complete the warrant surrender and share subscription which may include, but is not limited to, the approval of the TSX Venture Exchange. 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)