Toronto, ON / TNW-Accesswire / April 6, 2022 / NTG Clarity Networks Inc. (TSX.V:NCI);NTG Clarity is pleased to announce that it has received three purchase orders (POs) valued at approximately $530K CAD; one from a new customer and two renewals from customers in the Middle East. These include:

 

• a PO worth $198K CAD to renew existing professional service resources to a telecom customer in the Middle East.
• a PO worth $192K CAD against the $3.5M, one-year renewable Framework Agreement announced January 11, 2022. This is for on-site resources with a leading bank in the Gulf Region.
• a new PO worth $140K CAD to provide offshore technical resources to a leading bank in the Gulf Region.

As of the publishing of this release, NTG currently has a healthy backlog of unbilled amounts for POs on hand. This is in addition to the already invoiced amounts in January and February. These POs further strengthen our position of continued profitability.

Our work with existing and new customers is continuing to distinguish us as a leader in professional services, and as such, we continue our planned expansion of our Egypt Offshoring Centre to accommodate future work.

With several contracts with major customers coming up for renewal in the next six months, along with our already stellar and growing reputation for high-quality, competitively-priced IT and telecom services, we are excited to end Q1 2022 in a strong position.

 

Finally, we continue to be on track to publish our audited 2021 financial statements on or before the required deadline.

 

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 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:

Kristine Lewis, President, NTG Clarity Networks Inc.

Ph: 905-305-1325

Fax: 905-752-0469

Email: klewis@ntgclarity.com