900K Feb RevenueClarocity records revenue of $900,000 in February Clarocity Corp (C:CLY)
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Last Close 3/28/2017 $0.16
Tuesday March 28 2017 - News Release
Mr. Shane Copeland reports
CLAROCITY CORPORATION ANNOUNCES UNAUDITED CAD $900K REVENUE FOR FEBRUARY 2017
Clarocity Corp.'s unaudited revenue figure for February, 2017, totalled $900,000, representing an increase of 91 per cent as compared with February, 2016, and brings the company's total unaudited revenue figure for the 2017 fiscal year to $2.0-million.
"We have built a solid revenue base that has been consistent since November 2016. The established client base has now achieved $2.0 million in revenue in fiscal year 2017," said Shane Copeland, CEO of Clarocity Corporation. "Note that this base of revenue does not include the contracts announced during the past several months including Guild Mortgages and the government institution contracts. It is anticipated that incremental revenue from these contracts will be realized starting in March and April. As new accounts continue to onboard, we are expecting a significant ramp up in revenue as the year progresses. We feel confident that we are very much on pace to meet our revenue objectives in 2017 and are continuing to execute on our previously outlined market strategy."
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.