This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:NTG Clarity Networks earns $539,418 in 2008 2009-04-16 09:05 ET - News Release Mr. Ashraf Zaghloul reports NTG CLARITY NETWORKS INC. ANNOUNCES YEAR END 2008 RESULTS
NTG Clarity Networks Inc. has released its 2008 year-end results for the fiscal year ended Dec. 31, 2008.
The company reported revenues of $5,485,169 for 2008, a decrease from $6,277,197 for the same period last year. The net income increased to $539,418 in 2008 compared with a net income of $90,958 for the comparable period last year.
"We have reduced overhead and focused the business on delivery of our world-leading OSS product, and associated consulting services and training. During 2008, we implemented an aggressive marketing program for the Middle East that resulted in contracts with major carriers and well positioned us for this year," said Ashraf Zaghloul, chairman and chief executive officer.
"To build on our success, we will continue to aggressively market in the Middle East as it appears less impacted by current economic difficulties. We believe our recently announced joint venture with Al Mozoon Group is key to our success in expanding our products and services in the kingdom of Saudi Arabia and positions us into becoming a major player in the telecom sector there.
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