NTG Clarity Awarded $3.4 Million Letter of Intent for NTG Resources
March 13 2014 - 6:59AM
Access Wire
Toronto, ON /
ACCESSWIRE / 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
Ph:
250-377-1182
Fax:
250-377-1183
Email:
info@smallcaps.ca
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