Valocity Names Dave Barnwell Chief Operating Officer; Valuation Solutions Provider Taps Seasoned Operations Executive

MEMPHIS, Tenn.—(BUSINESS WIRE)—Aug. 14, 2006— Valocity, the nation's fastest growing valuation solutions provider, announced the addition of Dave Barnwell as chief operating officer. As COO, he will supervise quality control, order processing, client relations, customer service and recruiting initiatives to expand Valocity's national network of appraisers. Barnwell, with more than 35 years of experience in managing operations and strategic planning, specializes in analyzing operations performance and developing realistic undertakings to reduce costs and improve appraiser and client satisfaction.

"Valocity delivers proficient solutions to meet client requirements, and my greatest objective is to continue that exceptional level of service," Barnwell said. "I look forward to working for a company that is willing to effectively modify operations to meet and exceed the needs of their clients and appraiser team. Information is key and we must give our clients quality, complete products in the shortest time frame possible."

Previously, Barnwell was president and COO of Smart Data Strategies, a geographic information systems (GIS) software and services company. During his tenure, he implemented a restructuring plan that focused on recruiting key management, reducing costs, improving service and increasing revenue. He also introduced operational metrics to each business unit, which made significant improvements to customer satisfaction.

"Dave is a skilled manager whose hands-on philosophy and ability to leverage technology will enable Valocity to strengthen relationships with our lenders and appraisers while efficiently increasing productivity," said Shawn McGowan, president and CEO of Valocity. "Our goal as a company is to develop strategies to match client requirements and provide quality valuation solutions."

About Valocity

Based in Memphis, Tenn., Valocity is a national valuation solutions provider. The company is committed to providing solutions that streamline the appraisal process from initial requests to final valuations. Founded in 1998, the company combines its comprehensive knowledge of the appraisal process with superior technology to offer its clients a truly paperless system for processing valuations.

The company's flagship technology platform, Instant Access(R), is a Web-based appraisal process and data storage system that enables clients to efficiently order, track, receive and store residential property information and valuation reports.

For additional information about Valocity, contact Shawn McGowan at 901.624.3900 or e-mail Visit the company's Web site at

Valocity, Memphis
Shawn McGowan, 901-624-3900

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Media Contacts for Valocity
Joseph C. Agbasi, 678-781-7238
Meredith Fletcher, 678-781-7207

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