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 CH4RTQU4NTon Mar 27, 2014 9:46am

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Post# 22374865

News: Contract Anouncement

Toronto, ON / TNW-ACCESSWIRE / March 27, 2014 / NTG Clarity Networks Inc. (TSX.V:NCI), NTG is pleased to announce that the Company has received a Letter of Intent from a leading mobile operator in the Gulf region to provide managed services, operation and support for NTG's NTS installed products. This is a replacement of the DOU announced in September 2013 which was subsequently delayed. NTG commenced work on a portion of this LOI in the last quarter of 2013 and expects to book approximately 25% of the total revenue in the 2013 financials. The previous DOU has been replaced to better suit the needs of the customer at this time and NTG will continue to work to expand its services with this customer.

This $2.97 million LOI will cover the operations service and support of NTS Telecom in a Box and partner management portal-managed services until January 2015.

This is the confirmation of the finalization of one of the contracts mentioned in our shareholder update release on March 12, 2014.

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