Tickers: XTSX:NCI, PINX:NYWKF
Tags: #Telecommunications
Toronto, ON / TheNewswire / June 5, 2019 / NTG Clarity Networks Inc. (TSX.V:NCI), is pleased to announce that the Company has received 3 new Purchase Orders in Saudi Arabia.
These Purchase Orders are for a one year term and have an estimated value of 940K Saudi Riyals (approximately $340K CAD). The Purchase Orders are for new projects with new customers in the information technology field.
"We are pleased to receive these Purchase Orders from new customers, which opens the door for growth of NTG Services in new areas. We are looking forward to building on the NTG brand and name recognition in the Gulf area to expand our offerings and to grow our revenue. These new contracts validate NTG Clarity's new sales model that was announced in early May" said Kristine Lewis, NTG Clarity's President.
In an unrelated matter, Dr. Zafar Farooqui has resigned his position on the board of directors of NTG Clarity due to his other commitments. Dr. Farooqui has been a valuable board member since 2004. We wish to thank him for his valuable contributions and wish him all the best.
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 400 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
Email: KLewis@ntgclarity.com
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