NTG Clarity Networks Inc V.NCI

Alternate Symbol(s): NYWKF

Technology Software - Application

NTG Clarity Networks Inc. is engaged in providing networking solutions. The Company provides telecommunications engineering, information technology, networking, and related software solutions. It operates through two segments: Canadian segment and Egypt segment. The Canadian segment is made up of activities in Canada and its offices in Saudi Arabia and Oman. The Egypt segment is its software development group and also provides professional services, offshoring services and network services to customers in Egypt. It focuses on commercial off the shelf products, serving multitude of industries, covering enterprise management solution via its flagship StageEM Enterprise Management, NTS-Billing, NTS-Inventory Management and Control, NTS-Workflow Management, NTS-Partner Relationship Management. It also provides end-to-end services including customized solutions development, such as software, Web, applications, systems integration, testing as a service (TaaS), outsourcing, and consulting.

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NTG Clarity Networks Inc

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Post by ExecSpecon Feb 10, 2023 1:35pm

649 Views

Post# 35280130

For Those With a Keen Eye

I could be wrong, but the last news release regarding the corporate update for work valued at $6.89M CAD contained a reference that I don't recall ever seeing before. They have included the cost of delivery for each of the contracts. For those with a taste for the unusual, I urge you to look at this company closely - how the President and CEO saved it from insolvency, and the amount of shares that each of them own, as well as 2729252 Ontario Incorporated, which they control. According to Stockhouse NCI has a current Market Cap of $4.44M and a PE Ratio of 3.2. If the current trend continues, this could get interesting.

A Letter of Intent (LOI) for a 1-year renewable resource Agreement with an estimated value of $3.5M. NTG will provide technical resources to this existing customer in the banking sector in the Middle East. The estimated cost of delivery is $2.28M.
A 1-year renewable resource Agreement with an estimated value of $2.8M, to provide resources to this new customer in the financial sector in the Gulf Region. The estimated cost of delivery is $1.76M.