Mr. Adam Zaghloul reports

NTG CLARITY NETWORKS INC. ANNOUNCES CLOSING OF PRIVATE PLACEMENT

NTG Clarity Networks Inc. has closed its previously announced private placement of 37 million common shares of the company at a price of three cents per common share for gross proceeds of $1.11-million. The common shares issued pursuant to the private placement will be subject to a four-month hold period.

The company anticipates using the proceeds of the private placement for reducing accounts payable and for working capital and general corporate purposes.

A total of 185,172,355 common shares are outstanding after giving effect to the private placement. Ashraf Zaghloul, chief executive officer of the company, and Kristine Lewis, president of the company, each subscribed for 4.5 million common shares pursuant to the private placement. In addition, 2729252 Ontario Inc., a company controlled by Mr. Zaghloul (30 per cent) and Ms. Lewis (30 per cent), subscribed for 28 million common shares pursuant to the private placement. As a result of the private placement, 2729252 Ontario holds 28.1 million common shares, representing 15.18 per cent of the outstanding common shares, Mr. Zaghloul holds 28,600,749 common shares, representing 15.45 per cent of the outstanding common shares, and Ms. Lewis holds 26,138,749 common shares, representing 14.12 per cent of the outstanding common shares.

About NTG Clarity Networks Inc.

NTG Clarity's vision is to be a global leader in providing networking solutions. As a Canadian company established in 1992, NTG Clarity has delivered networking, information technology 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.

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