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NTG Clarity Receives $2.75 Million Letter of Intent(Marketwire (Canada) Via Acquire Media NewsEdge) TORONTO, ONTARIO--(Marketwire - Oct. 26, 2010) - NTG Clarity Networks Inc. (TSX VENTURE:NCI) is very pleased to announce that the Company has received a Letter of Intent (LOI) from a leading system integrator in the Gulf region for the supply, provision, installation, and implementation of its NTS BSS system. The NTS BSS system will be implemented in a new state-of-the-art technology complex. This contract is estimated to be around $2.75 million and is expected to be completed within the next 12 months. Not included in this contract estimate is the support of the system for the next 4 to 5 years. NTG Clarity is very pleased with the initial penetration of its NTS BSS system into the Gulf region - a targeted geographic area chosen for its economic strength and rapid expansion in networking requirements. The Company has now announced 3 new agreements over the past 30 days and continues to work with additional system integrators for the implementation of its NTS BSS system. This new business alone represents more than a 70% annual revenue growth rate over previous annual sales. NTG's Network Telecom System (NTS) is a fully integrated Operations/Business Support System (OSS/BSS) with a lower total cost of ownership and a significantly shorter deployment time than conventional OSS solutions. Designed to meet the needs of fast growing mobile and smart building operators, NTS' functionality encompasses the full customer service cycle from the initial order request through network equipment configuration to billing and implementation, support and maintenance. "NTG is very pleased that its NTS BSS solution was selected by this customer for this advanced state-of-the-art complex." said Ashraf Zaghloul, NTG Clarity's Chairman and CEO. "We are currently negotiating the long term operation of the system by NTG. The recently announced projects over the past month validate the vision and strategy for our product to be the leading OSS/BSS in this growing segment of the market. We invite all telecom and smart building operators to contact us to find out why our system is the correct choice and the most cost-effective solution for providing your customers with competitive products and services." About NTG Clarity Networks NTG Clarity Networks' vision is to be a global leader in providing networking solutions. Established in 1992, NTG Clarity is a leader in Canada in delivering networking, IT and network enabled application software solutions to network service providers and large enterprises. More than 150 network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading network service providers and enterprises. FOR FURTHER INFORMATION PLEASE CONTACT: NTG Clarity Networks Inc. Ashraf Zaghloul Chief Executive Officer and Chairman (905) 305-1325 Fax: (905) 305-8993(FAX) [email protected] www.ntgclarity.com Source: NTG Clarity Networks Inc. |