NYWKF - NTG Clarity Signs an Offshoring MOU for an Estimated $2.5 Million CAD
(TheNewswire)
Toronto, ON – TheNewswire - February 16, 2021 - NTG Clarity NetworksInc. (TSXV:NCI); (OTC:NYWKF); NTG Clarity is pleased toannounce that it has signed a Memo of Understanding (MOU) with a majorbank in the Gulf region to provide offshore resources and facilities.NTG will provide software development and IT resources through itsEgypt subsidiary. The work is expected to start within 30 days. It isestimated that the annual revenue will reach $2.5 Million CAD as theresource build-up takes place.
It is worth mentioning that this is the fourth offshoring project forNTG. The other three (included in previous news releases) were smallerin size but are as important because they expand our services to atransportation company and to government agencies.
“As a result of COVID, there is an increase in working remotely andthere is proven productivity for remote work in the softwaredevelopment field. The offshoring of resources to Egypt is becomingincreasing popular due to the availability of resources and thecompetitive pricing. NTG is working hard to capitalize on this trend.We look forward to establishing our Egypt subsidiary as a major hubfor offshoring in Egypt” said Kristine Lewis, NTG Clarity’sPresident.
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 250 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.
The TSX Venture Exchange does not accept responsibility for theadequacy 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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