(TheNewswire)
Toronto, ON – TheNewswire - October 12, 2023 - NTG Clarity NetworksInc. (TSXV:NCI ) , ( OTC:NYWKF); NTG Clarity is thrilled to announce that it has received 5new purchase orders (POs). These POs are for $2.6M in new work for twoexisting customers in the Financial Sector.
Under these POs, NTG Clarity will provide its esteemedcustomers with comprehensive IT project management, software testingand quality control resources, which are essential components in thepursuit of excellence in the digital realm. The breakdown of the workis as follows:
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$2.6M in new work:
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$2.1M to provide IT Project Management Services for anexisting customer in the Financial sector
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$500K across four POs to provide software testing andquality assurance services for an existing customer in the Financialsector.
“As enterprises across various sectors, including theKingdom of Saudi Arabia (KSA), continue their digital transformationjourneys, the need for IT project management, as well as both manualand automated testing becomes paramount,” said Kristine Lewis,President of NTG Clarity. “NTG Clarity’s expertise in these fieldsensures that new systems are developed to the highest standards ofquality and sustainability.”
The company’s dedication to providing tailoredsolutions that meet and exceed client expectations has contributed toits continued success and reputation as a trusted partner in theFinancial Sector and beyond.
NTG Clarity would also like to take this opportunity toprovide an update on the possible reverse split announced in July2023. Many shareholders are interested in the status of thisoperation; however, management is still in the exploration phase,considering their options after shareholder approval was given. Shouldthey decide to go ahead, approval would still be needed from the Boardand regulators. Another update will be given with the release of Q3results within 60 days of the end of the quarter.
NTG Clarity remains committed to its mission ofdelivering excellence in IT and software services, empoweringorganizations to achieve their digital goals with confidence.
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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