Toronto, ON / ACCESSWIRE / December 4, 2014 / NTG Clarity Networks Inc. (TSX.V:NCI), a world leader in the telecommunications OSS/BSS and IT services, is pleased to announce that the Company has signed a frame agreement with a stock trading house in Qatar for the development of back-end software. Under this agreement NTG Clarity will supply development and quality assurance resources for this new customer to improve their operations and customer service.
The first Purchase Order under this agreement is estimated at $150,000 CAD with work to be completed within the next 6 months.
"We are very pleased with this initial contract as it opens new opportunities in an emerging market for us," said Ashraf Zaghloul, NTG Clarity's Chairman and CEO. "While we have been generating modest revenues from our Qatar office, which just opened in February 2014, this contract will bring the Qatar office into a profitable position which will contribute to the Company's corporate profitability heading into 2015."
ABOUT NTG CLARITY NETWORKS INC
NTG Clarity Networks' vision is to be a 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.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Doren Quinton, President QIS Capital
Investor Relations
Ph: 250-377-1182
Fax: 250-377-1183
Email: [email protected]
Kristine Lewis, President, NTG Clarity Networks Inc.
Ph: 905-305-1325
Fax: 905-752-0469
Email: [email protected]
SOURCE: NTG Clarity Networks Inc.