08:43:57 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



NTG Clarity Networks Inc
Symbol NCI
Shares Issued 100,102,355
Close 2021-03-23 C$ 0.095
Market Cap C$ 9,509,724
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NTG Clarity begins new $335,000 project with bank

2021-03-24 09:31 ET - News Release

Ms. Kristine Lewis reports

NTG CLARITY PROVIDES A CORPORATE UPDATE

NTG Clarity Networks Inc. has provided a corporate update.

With regards to the memorandum of understanding announced on Feb. 16, 2021, with a major bank for $2.5-million, NTG is finalizing the hiring of the first 10 resources for offshoring with the bank. In the meantime, the bank is working on issuing the first purchase order for these resources estimated to be $425,000. Work will begin once the onboarding of these resources is complete, as most of them have to give notice to their current employers that usually range in the Middle East between one to two months.

Additionally, NTG has started to work on a new project on site for the major bank with estimated value of $335,000.

With regards to Q4 and NTG's year-end 2020 results, the company is on target to complete the audit and announce these results before the end of April as per the Ontario Securities Commission/Toronto Stock Exchange reporting requirements.

"NTG is moving forward with the projects awarded to us, though projects do take some time to ramp up. We at NTG are working hard to capitalize on the booming demands for IT and telecom services. At NTG we have established ourselves in these verticals as a leading provider of quality services at a very competitive price," 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 275 network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading network service providers and enterprises.

We seek Safe Harbor.

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