NCI:CC - NTG Clarity Receives 14 POs for Work Valued at $3.8M CAD

(TheNewswire)

Toronto, ON - TheNewswire - January 2, 2024 - NTG Clarity Networks Inc. (TSX.V:NCI ) ( OTC:NYWKF); NTG Clarity is pleased to announce that it has received 14new purchase orders (POs). These POs are for $3.8M in new work andrenewals for existing customers in the Financial, Telecom, IT, andFood and Beverage sectors.

Closing out 2023 with continued growth, these recent POs signify the continued trust and confidenceplaced in NTG Clarity's IT products and services. The breakdown of thework is as follows:

• $2.8M in new work in the Middle East:

  • $655K to provide On-Site IT Professional Services for 6months for an existing customer in the Telecom sector.

  • $786K to provide Onsite IT Professional Services for 15months for an existing customer in the Financial sector.

  • $410K across 5 POs to provide Offshore and On-Site ITProfessional Services for 2 months for an existing customer in theFinancial sector.

  • $825K across 2 POs to provide a customizedimplementation of our NTGapps product for an existing customer in theTelecom sector.

  • $85K to provide an ERP solution on our NTGapps productfor an existing customer in the Food and Beverage sector.

• $1M in renewals in the Middle East

  • $505K to provide support for our NTGapps product for 12months for an existing customer in the Telecom sector.

  • $438K to provide On-Site IT Professional Services for12 months for an existing customer in the IT sector.

  • $52K to provide On-Site IT Professional Services for 3months for an existing customer in the Telecom sector.

“We are excited to enter 2024 with such strong,consistent growth in the Middle East market,” said Kristine Lewis,President of NTG Clarity. “These POs showcase the quality anddependability of both NTG’s services and products, with our existingcustomers renewing their contracts as well as expanding ourrelationships by onboarding new products and services.”

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 600 IT and network professionals providedesign, engineering, implementation, software development and securityexpertise to the industry’s leading enterprises.

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 operating results, are necessarily subject to risks anduncertainties, some of which 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:

Adam Zaghloul, Vice President, Strategy &Planning

NTG Clarity Networks Inc.

Ph: 905-305-1325

Fax: 905-752-0469

Email: adam@ntgclarity.com

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