Ms. Kristine Lewis reports

NTG CLARITY NETWORKS ANNOUNCES ANOTHER SUCCESSFUL THIRD QUARTER 2022

NTG Clarity Networks Inc. has released its third quarter results for the period ended Sept. 30, 2022.

Revenues were up 47% in the quarter and 53% YTD ($11.9M compared to $7.7M in 2021). Our gross margin for this quarter was 43% and the income from operations was $1,874,147. We expect these strong quarterly results to continue in 2022 due to the new contracts previously announced and the renewal of existing contracts. This makes 9 consecutive quarters with a positive net income.

Professional service revenue continues to be an important strategic source of revenue for us, given its generally recurring nature (82%). The contribution of product-related revenue was 18% in Q2 2022. We continue to market our NTGapps Digital Tool Box platform product in an effort to make product sales a more balanced part of NTG's revenue stream.

Working capital continues to improve with September 30, 2022 being a deficit of $3,199,366 compared to a deficit of $3,757,061 at December 31, 2021.

Outlook

Customers continue to recognize our quality of work and track record and this has resulted in increased work from our major customers that include sales of our NTGapps software product. We have also gained 16 new customers in various sectors which represents 19% of our YTD revenue.

Subsequent to quarter end, in October 2022, we announced:

• multiple POs valued at approximately $900K. $390K was for our NTGapps product.
• the signing of a significant Memo of Understanding (MOU) with OMB (Outsource Management Business is a division under Etisalat Services Holding) to cooperate in providing IT products and services in the Middle East.
• multiple POs valued at approximately $2.656M. $1.148M was for the upgrade of our NTS OSS/BSS product.

We attended many events and conventions this year to showcase our products.

• At Mobile World Congress (MWC) in Barcelona (February 23-March3, 2022) we met existing and potential customers and partners.
• At MWC in Las Vegas (September 28-31, 2022) we presented our network inventory and telecom in a box use cases that solve the urgent need for a fast, reliable digital enablement needs; all of them built using our 100% configurable platform - NTGapps.
• At GITEX in Dubai (October 10-14, 2022), the world's largest tech show, we signed an MOU with OMB (Outsource Management Business), a division under Etisalat Services Holding.
• At AfricaCom in South Africa (November 8-10, 2022) we engaged in several opportunities with companies in South Africa, Tanzania, Sudan, and introduced companies to our key products including NTS OSS/BSS and our NTGapps digital toolbox.

KSA's continued economic strength, due in large part to a booming economy, has shown increased demand for our products and services and has resulted in a 47% increase in revenue contribution for the country this quarter. Our increased sales team and renewed focus on the region resulted in 4 new customers in KSA contributing 8% to our YTD revenue and increasing sales by 19% in the region. With KSA being reported as the world's fastest-growing major economy, we are well-positioned to continue to grow our revenue here.

Egypt's revenue has increased 51% over the same period last year. This is due to a 200% increase in revenue from our top 3 customers and to 5 new customers in the region.

About NTG Clarity Networks Inc.

NTG Clarity Networks' vision is to be a global leader in providing networking solutions. As a Canadian company established 30 years ago in 1992, NTG Clarity has delivered networking, IT and network enabled application software solutions to network service providers and large enterprises. More than 500 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.