Ms. Kristine Lewis reports

NTG CLARITY ANNOUNCES ASSIGNMENT OF SECURED DEBT

A company controlled by Ashraf Zaghloul, the chief executive officer of NTG Clarity Networks Inc., and Kristine Lewis, NTG Clarity's president, has signed an assignment and debt agreement with the bank. The bank assigns to this company the indebtedness and the security, as well as all the rights, title and interest of the bank in the indebtedness and the security, together with the full benefit of all powers and all covenants and provisions contained in the security. The effective date of the assignment agreement is Dec. 16, 2019.

As announced in the Oct. 9, 2019, news release, the court granted the bank an interim receivership order and appointed Grant Thornton Ltd. (GTL) as interim receiver. The interim receivership expired on Dec. 8, 2019, and all matters relating to the receivership application have been discontinued.

"This assignment agreement is very good news for NTG as it will enable management to focus on growing the business and bringing it back to profitability," said Kristine Lewis, NTG Clarity's president.

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 300 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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