Toronto, ON - TheNewswire - January 11, 2022 - NTG Clarity Networks Inc. (TSX.V:NCI); NTG Clarity is pleased to announce that it has signed a 1-year renewable Framework Agreement for outsource and offshore resources with a leading bank in the Gulf Region. We received the fully executed contract on January 10, 2022. We will provide resources in most IT disciplines, with a focus on specialized skills such as full stack developers, mobile app developers and architecture for applications, data, business intelligence and security. NTG will provide candidates for over 100 job titles and the resource onboarding should start at the beginning of February 2022. We expect to start approximately 30 resources onshore/offshore within the first 4 months for an annual estimated revenue of $3.5 Million CAD. The estimated expenses for this revenue is $2.5 Million CAD. Our target is to double this number within 6-8 months to meet the expected staffing levels of this customer. Revenue would increase accordingly.

With COVID-19 and the ongoing trend toward remote work, we are experiencing increased demand for our offshore services. Our centre in Egypt has been rapidly expanding to meet the increased demand. This centre provides resources, facilities and turn-key projects to the banking, telecom, and transportation sectors as well as government agencies.

“This 1-year renewable agreement affirms the continued recognition of the NTG brand as a provider of quality resources and services with competitive pricing. In 2022, we look forward to capitalizing on this brand recognition to expand the reach of our offshore services.” said Kristine Lewis, NTG Clarity’s President.

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 300 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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For Further Information:

Kristine Lewis, President, NTG Clarity Networks Inc.

Ph: 905-305-1325

Fax: 905-752-0469

Email: klewis@ntgclarity.com