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NTG Clarity Receives Extension of Facility 4 Credit Line
Toronto, ON / TNW-Accesswire / February 27, 2019 / NTG Clarity Networks Inc. (TSX.V:NCI)
Further to its announcement on February 6, 2019, NTG Clarity is pleased to announce that the Company has received an extension of its Facility 4 Credit Line to September 30, 2019. All terms and conditions of the Facility 4 Credit Line, with the exception of the expiry date, remain the same. The bank requires NTG to pay down $70,000 per month against the outstanding principal of this facility.
Management has made significant strides in reducing debt and working towards returning the Company to profitability and a stronger financial position as validated by the lending institution’s continued financial support during this corporate restructuring process. Management is anticipating continued operational growth and financial improvement during 2019.
About NTG Clarity Networks Inc.
NTG Clarity Networks’ vision is to be a global leader in providing networking solutions. Established in 1992, NTG Clarity is a leader in Canada in delivering networking, IT and network enabled application software solutions to network service providers and large enterprises. More than 350 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.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For Further Information:
Doren Quinton, President QIS Capital
Kristine Lewis, President, NTG Clarity Networks Inc.