Toronto, ON / March 13, 2014 / NTG Clarity Networks Inc. (TSX.V:NCI), is pleased to announce that the Company has received a Letter of Intent from a leading mobile operator in the Gulf region to provide software development resources, telecom consultants, and project management resources. NTG has already started work on this LOI and approximately 25% of the total amount was recognized in 2013. The remainder of the LOI is expected to be completed by the end of June 2014.
This is the confirmation of the extension of one of the contracts mentioned in our shareholder update release on March 12, 2014.
"In the last few years, we have been working hard to establish ourselves as a leading provider of quality Telecom software products and services in the Gulf region. The renewal of this contract reflects the increasing satisfaction and confidence of our customers with regards to our extensive expertise in telecom systems and operator requirements." said Ashraf Zaghloul, NTG Clarity's Chairman and CEO.
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
Release ID: 36004