TORONTO, ON / NTG Clarity Networks Inc. (TSX.V:NCI), NTG is pleased to announce that the Company has received a Letter of Intent from a leading mobile operator in the Gulf region to provide managed services, operation and support for NTG's NTS installed products. This is a replacement of the DOU announced in September 2013 which was subsequently delayed. NTG commenced work on a portion of this LOI in the last quarter of 2013 and expects to book approximately 25% of the total revenue in the 2013 financials. The previous DOU has been replaced to better suit the needs of the customer at this time and NTG will continue to work to expand its services with this customer.
This $2.97 million LOI will cover the operations service and support of NTS Telecom in a Box and partner management portal-managed services until January 2015.
This is the confirmation of the finalization of one of the contracts mentioned in our shareholder update release on March 12, 2014.
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 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
SOURCE: NTG Clarity Networks Inc.
Release ID: 38032