SCOTTSDALE, Ariz., July 18 /PRNewswire-FirstCall/ -- Clear Choice Financial, Inc. ("Clear Choice") (Pink Sheets: CLRC), today announced it has acquired BrokerLogix LLC. Currently utilized by mortgage brokers and bankers, BrokerLogix provides a paperless loan origination and processing platform utilizing Web 2.0 technologies, allowing users to reduce closing times and costs while improving performance and customer satisfaction. "BrokerLogix creates the technology foundation for the new Clear Choice", said Chad Mooney, Clear Choice's Chairman and CEO. "By having this market leading tool in our portfolio, we can focus on growing our business." Mr. Mooney added, "not only does BrokerLogix provide us a leading edge product and service to sell, more importantly, it also brings us a world class IT infrastructure that will enable us to develop and service new business opportunities in the future." The BrokerLogix suite of products should deliver greater compliance, more granular control and increased cost savings to Clear Choice and its customers by combining all of the IT, imaging and telecommunications systems on a single platform taking advantage of the latest technologies, including e-faxing, VoIP and CRM components. Delivered entirely over the Web as a native .NET application, BrokerLogix is the culmination of more than 3 years of development and more than 2.5 million lines of code. For more information on BrokerLogix, please visit http://www.brokerlogix.com/. Forward-Looking Statement This press release may include statements that constitute "forward-looking statements," which are often characterized by the terms "may," "believes," "projects," "expects", or "anticipates," and do not reflect historical facts. Forward-looking statements involve risks, uncertainties and other factors that may cause actual results, performance or achievements of Clear Choice and its subsidiary to be materially different from those expressed or implied by such forward-looking statements. Specific forward-looking statements contained in this press release include, but are not limited to: the benefits of the BrokerLogix platform, the Company's ability to sell the BrokerLogix platform, whether the Company will be able to raise additional capital, whether the Company will be able to continue operations and whether the Company will locate opportunities within its industry that will permit it to acquire new operations. Factors that may affect forward-looking statements and the Company's business generally include but are not limited to (in addition to the risk factors and cautionary statements made in the Company's filings and other factors that Clear Choice is currently unable to identify or quantify, but may exist in the future), the outcome of the Company's negotiations with creditors and the availability of financing, which is subject to changes in the capital markets. Forward-looking statements speak only as of the date the statement was made. Clear Choice does not undertake and specifically declines any obligation to update and forward looking statements. DATASOURCE: Clear Choice Financial, Inc. CONTACT: Michael Schifsky, Chief Financial Officer of Clear Choice Financial, Inc., +1-435-655-5474

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