NYWKF - NTG Clarity Signs an Amendment to a Framework Agreement for Manpower Increasing the Estimated Contract Value to $1.8M CAD
(TheNewswire)
Toronto, ON - T heNewswire - February 7, 2022 - NTG Clarity NetworksInc. (TSXV:NCI); NTG Clarity is pleased toannounce that it has signed an amendment to the 1-year renewableFramework Agreement announced on December 16, 2021, to providetechnical IT consultation services to a credit bureau in the MiddleEast. This amendment is to add additional job titles to the alreadyagreed upon list.
The total contract value following this amendment is estimated to be$1.8M CAD with the estimated expense to be $1.2M. Onboarding ofresources for this contract has already started, and we expect toonboard all requested resources within the next 3 to 4 months.
“This amendment to the contract, to add more types of experts,confirms this customer’s satisfaction with NTG’s performance as asupplier of quality technical resources. We look forward to expandingour business with new customer,” said Kristine Lewis, NTGClarity’s President.
About NTG Clarity NetworksInc.
NTG Clarity Networks’ vision is to be a global leader in providingnetworking solutions. As a Canadian company established in 1992, NTGClarity has delivered networking, IT and network enabled applicationsoftware solutions to network service providers and large enterprises.More than 300 network professionals provide design, engineering,implementation, software development and security expertise to theindustry’s leading network service providers and enterprises.
Forward Looking Information
Certain statements in this release, other than statements ofhistorical fact, are forward looking information that involves variousrisks and uncertainties. Such statements relating to, among otherthings, the prospects for the company to enhance operating results,are necessarily subject to risks and uncertainties, some of which aresignificant in scope and nature.
These uncertainties may cause actual results to differ frominformation 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.
Neither TSX Venture Exchange nor its Regulation Services Provider (asthat term is defined in policies of the TSX Venture Exchange) acceptsresponsibility for 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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