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Agreement Amendment Increases Estimated Value to $1.8M CAD


Toronto, ON / TNW-Accesswire / February 7, 2022 / NTG Clarity Networks Inc. (TSX.V:NCI);NTG Clarity is pleased to announce that it has signed an amendment to the 1-year renewable Framework Agreement announced on December 16, 2021, to provide technical IT consultation services to a credit bureau in the Middle East. This amendment is to add additional job titles to the already agreed 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 of resources for this contract has already started, and we expect to onboard 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 a supplier of quality technical resources. We look forward to expanding our business with new customer,” said Kristine Lewis, NTG Clarity’s President.


About NTG Clarity Networks Inc.

NTG Clarity Networks’ vision is to be a global leader in providing networking solutions. As a Canadian company established in 1992, NTG Clarity has delivered networking, IT and network enabled application software solutions to network service providers and large enterprises. More than 300 network professionals provide design, engineering, implementation, software development and security expertise to the industry’s leading network service providers and enterprises.


Forward Looking Information

Certain statements in this release, other than statements of historical fact, are forward looking information that involves 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 and uncertainties, some of which are significant in scope and nature.


These uncertainties may cause actual results to differ from information contained herein. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward looking statements are based on the estimates and opinions of the management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward looking statements should circumstances or management's estimates or opinions change.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


For Further Information:

Kristine Lewis, President, NTG Clarity Networks Inc.

Ph: 905-305-1325

Fax: 905-752-0469

Email: klewis@ntgclarity.com