Share this story:

NTG Clarity Provides a Corporate Update, Receives Four POs for Work Valued at $1.5M CAD

NTG Clarity Networks Inc.

Toronto, ON - TheNewswire - November 27, 2023 - NTG Clarity Networks Inc. (TSX.V:NCI) (OTC:NYWKF); NTG Clarity is pleased to announce that it has received 4 new purchase orders (POs). These POs are for $1.5M in new work for two new customers and two existing customers in the Financial, Telecom, and Food and Beverage sectors.


Continuing our trajectory of growth, these POs solidify the company's commitment to enhancing its professional services portfolio and diversifying its product sales across various sectors in the Middle East. The breakdown of the work is as follows:

  • $1.5M in new work in the Middle East: 

    • $1.1M to provide Offshore IT Professional Services for three months for an existing customer in the Financial sector 

    • $350K to provide On-Site IT Professional Services for 12 months for a new customer in the Financial sector. 

    • $60K to provide On-Site IT Professional Services for 4 months for an existing customer in the Telecom sector. 

    • $15K to provide an annual license for our NTGapps software platform for a new customer in the Food and Beverage sector. 


"We are excited about our continued growth in the Middle East market,” said Kristine Lewis, President of NTG Clarity. “These recent POs totaling $1.5 million highlight our focus on expanding both our professional services and product sales. NTG Clarity remains dedicated to leveraging the growing opportunities in the region while diversifying our offerings across sectors."


Corporate Update

We would also like to take this opportunity to announce the release of an updated Investor Presentation, which can be found on the Investors>Shareholder page of our website:


In this updated presentation, we lay out our strategy for continued growth in the Middle East market as well as release revenue projections for 2023 with an estimated $27,000,000 in revenue.


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 600 IT and network professionals provide design, engineering, implementation, software development and security expertise to the industry’s leading 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:

Adam Zaghloul, Vice President, Strategy & Planning

NTG Clarity Networks Inc.

Ph: 905-305-1325

Fax: 905-752-0469