NCI:CC - NTG Clarity Receives Three POs Valued at Approximately $530K CAD
(TheNewswire)
Toronto, ON / T heNewswire / April 6, 2022 / NTG Clarity Networks Inc.(TSXV:NCI); NTG Clarity is pleased to announcethat it has received three purchase orders (POs) valued atapproximately $530K CAD; one from a new customer and two renewals fromcustomers in the Middle East. These include:
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a PO worth $198K CAD to renew existing professionalservice resources to a telecom customer in the Middle East.
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a PO worth $192K CAD against the $3.5M, one-yearrenewable Framework Agreement announced January 11, 2022. This is foron-site resources with a leading bank in the Gulf Region.
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a new PO worth $140K CAD to provide offshore technicalresources to a leading bank in the Gulf Region.
As of the publishing of this release, NTG currently hasa healthy backlog of unbilled amounts for POs on hand. This is in addition tothe already invoiced amounts in January and February. These POsfurther strengthen our position of continued profitability.
Our work with existing and new customers is continuingto distinguish us as a leader in professional services, and as such,we continue our planned expansion of our Egypt Offshoring Centre toaccommodate future work.
With several contracts with major customers coming upfor renewal in the next six months, along with our already stellar andgrowing reputation for high-quality, competitively-priced IT andtelecom services, we are excited to end Q1 2022 in a strong position.
Finally, we continue to be on track to publish our audited 2021financial statements on or before the required deadline.
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 350 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 theirentirety by this notice. The Company assumes no obligation to updateforward looking statements should circumstances or management'sestimates or opinions change.
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
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