Ms. Kristine Lewis reports
NTG CLARITY RECEIVES EXTENSION OF FACILITY 4 CREDIT LINE
Further to its announcement on Feb. 6, 2019, NTG Clarity Networks Inc. has received an extension on its Facility 4 credit line to Sept. 30, 2019. All terms and conditions of the Facility 4 credit line, with the exception of the expiry date, remain the same. The bank requires NTG Clarity Networks to pay down $70,000 per month against the outstanding principal of this facility.
Management has made significant strides in reducing debt and working toward returning the company to profitability and a stronger financial position, as validated by the lending institution's continued financial support during this corporate restructuring process. Management is anticipating continued operational growth and financial
improvement during 2019.
About NTG Clarity Networks Inc.
NTG Clarity Networks is a leader in Canada in delivering networking, IT (information technology) and network-enabled application software solutions to network service providers and large enterprises. More than 350 network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading network service providers and enterprises.
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