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NTG Announces POs Valued at Approximately $1.389 Million CAD


Toronto, ON / TNW-Accesswire / March 23, 2023 / NTG Clarity Networks Inc. (TSX.V:NCI);NTG Clarity is pleased to announce that it has received multiple purchase orders (POs) for onsite and offshore technical services work for existing customers in both the telecom and finance sectors.


The breakdown is approximately as follows (based on conversions to CAD):

  • A 1-year PO renewal for $1.191M to provide onsite and offshore resources for an existing customer in the finance sector in the Middle East.
  • A 1-year PO extension for $194K for a technical resource for an existing customer in the Middle East.
  • A PO for $4K for product work.

"We are excited to close out Q1 2023 with a couple of our existing customers choosing to extend our business relationship by renewing contracts for our top-quality professional services,” explained Kristine Lewis, President of NTG Clarity. “These POs show that even as we continue to expand our Egypt Offshore Centre to cater to new customers, we are still able to maintain a steady base of recurring business in the Telecom sector, and in the Financial sector where we continue to grow our presence.”


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 500 IT and network professionals provide design, engineering, implementation, software development and security expertise to the industry’s leading 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.


The TSX Venture Exchange does not accept 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