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home / news releases / NYWKF - NTG Clarity Provides an Update for Work Received Over the Holidays Valued at Approximately $930K CAD


NYWKF - NTG Clarity Provides an Update for Work Received Over the Holidays Valued at Approximately $930K CAD

(TheNewswire)



Toronto, ON - T heNewswire - January 5, 2022 - NTG Clarity NetworksInc. (TSX.V:NCI); NTG Clarity is pleased toannounce that it has received 4 purchase orders (POs) and 1 contractover the holiday season. These POs are for products and services whichwill be provided both on the customer pr emises and offshore in our EgyptOffshore Centre.

The breakdown is approximately as follows (based onconversions to CAD):

  • A contract for $460K signed December 23, 2021, for ourUtility Billing product. This is for a new customer in the financialsector in the Gulf Region. Works starts immediately and should becompleted in 4 months.

  • A PO for $240K to provide technical professionalservice resources to an existing customer in the telecommunicationssector in the Middle East. Works starts immediately and should becompleted in 4 months.

  • A PO for $133K for an existing customer in thetelecommunications sector in the Middle East to provide a Mobile Appproduct. Works starts immediately and should be completed in 6months.

  • A PO for $60K for our Digital Wallet product from anexisting customer in the financial sector in the Middle East. Worksstarts immediately and should be completed in 1 month.

  • A PO for $37K to provide technical professional serviceresources to an existing customer in the telecommunications sector inthe Middle East. Works starts immediately and should be completed in 4months.

“We are very excited to strongly start the new yearby announcing our receipt of these POs. We are committed to upholdingour reputation for professionalism and quality of work. This isreflected in the new/renewed work from our existing customer base. Theacquisition of a new customer in the financial sector also shows howwe are continuing to establish ourselves as a key player in providingproducts and services to this large potential market,” said KristineLewis, NTG Clarity’s President.

About NTG Clarity NetworksInc.

NTG Clarity Networks’ vision is to be a global leaderin providing networking solutions. As a Canadian company establishedin 1992, NTG Clarity has delivered networking, IT and network enabledapplication software solutions to network service providers and largeenterprises. More than 275 network professionals provide design,engineering, implementation, software development and securityexpertise to the industry’s leading network service providers andenterprises.

Forward Looking Information

Certain statements in this release, other thanstatements of historical fact, are forward looking information thatinvolves various risks and uncertainties. Such statements relating to,among other things, the prospects for the company to enhance operatingresults, are necessarily subject to risks and uncertainties, some ofwhich are significant in scope and nature.

These uncertainties may cause actual results to differfrom information contained herein. There can be no assurance that suchstatements will prove to be accurate. Actual results and future eventscould differ materially from those anticipated in such statements.These and all subsequent written and oral forward looking statementsare based on the estimates and opinions of the management on the datesthey are made and expressly qualified in their entirety by thisnotice. The Company assumes no obligation to update forward lookingstatements should circumstances or management's estimates or opinionschange.

The TSX Venture Exchange does not accept responsibilityfor the adequacy or accuracy of this release.

For Further Information:

Kristine Lewis, President, NTG Clarity NetworksInc.

Ph: 905-305-1325

Fax: 905-752-0469

Email: klewis@ntgclarity.com

Copyright (c) 2022 TheNewswire - All rights reserved.

Stock Information

Company Name: NTG Clarity Networks Inc
Stock Symbol: NYWKF
Market: OTC
Website: ntgclarity.com

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