- Published: 03 September 2013
- Written by Editor
NTG Clarity Signs a US $3.64 Million Document of Understanding
NTG Clarity Networks Inc., (TSX VENTURE:NCI) is pleased to announce that the company has signed a US$3.64 Million Document of Understand with an American multinational technology and consulting corporation for the operations service and support of NTS Telecom in a Box and Partner Management Portal managed services. This DOU is valid for 5 years, starting September 1, 2013. The current US $3.64 Million agreement covers a one year period from September 1, 2013 to August 31, 2014. We are expecting to receive the formal PO in the coming weeks.
"We are very pleased with the signing of this DOU as it increases our revenue base significantly and introduces our products and services to this multinational corporation" said Ashraf Zaghloul, NTG Clarity's Chairman & CEO.
NTG Clarity would also like to assure investors that the Corporation has not experienced any negative impact from the political instability in certain Middle East countries. Over 95% of NTG Clarity's revenue is in politically stable countries and the Corporation does not expect any adverse impact from current world events.
ABOUT NTG CLARITY NETWORKS INC
NTG Clarity Networks' vision is to be a global leader in providing networking solutions. Established in 1992, NTG Clarity has delivered networking, IT and network enabled application software solutions to network service providers and large enterprises in Canada. More than 200 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