NTG update to shareholders..... WebBroker Alert
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NTG Clarity Networks Provides Shareholder Update
tnw
(via Thenewswire.ca)
November 14, 2013. Toronto Ontario:
NTG Clarity Networks Inc., (TSX VENTURE:NCI), a world leader in the telecommunications OSS/BSS market, is pleased to provide an update to shareholders.
Management is not aware of any reason for the recent decline in share value. The Company continues to work and deliver on projects in-hand and has announced more than $9.1 million in new orders since May 2013. Management is pursuing new contracts on a regular basis and will announce these orders as they are received.
As earlier announced, NTG Clarity has experienced a 102% increase in revenues during the first nine months of 2013 with net income growth of 458% to $1.8 million or $0.06 per share. The Company's earnings for the third quarter of 2013 alone were $784,669 or $0.025 per share. Management is confident that the Company's strong growth rates in both revenues and earnings will continue into the new year. As at September 30, 2013 NTG had a stable balance sheet with positive working capital of $3.9 million.
One of the main reasons for the strong growth in 2013 to-date has been a renewed international focus on state-of-the-art technology and networking capabilities. Mobile applications have been the fastest growing technology trend with NTG's mobile application development being increasingly chosen as a leading product in these markets.
ABOUT NTG CLARITY NETWORKS INC
NTG Clarity Networks' vision is to be a global leader in providing networking solutions. Established in 1992, NTG Clarity has delivered networking, IT and network enabled application software solutions to network service providers and large enterprises in Canada. More than 150 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
Copyright (c) 2013 TheNewswire - All rights reserved.
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