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NTG Clarity Signs an Offshoring MOU for an Estimated $2.5 Million CAD
(TheNewswire) Toronto, ON – TheNewswire - Febr...
About this update from Ntg Clarity Networks Inc.
[{"type":"text","content":"NTG Clarity Signs an Offshoring MOU for an Estimated $2.5 Million CAD\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Toronto, ON –\n \n \n TheNewswire -\n \n \n February 16, 2021 - NTG Clarity Networks\nInc. (TSXV:NCI);\n \n \n (OTC:NYWKF);\n \n \n NTG Clarity\n \n is pleased to\nannounce that it has signed a Memo of Understanding (MOU) with a major\nbank in the Gulf region to provide offshore resources and facilities.\nNTG will provide software development and IT resources through its\nEgypt subsidiary. The work is expected to start within 30 days. It is\nestimated that the annual revenue will reach $2.5 Million CAD as the\nresource build-up takes place.\n \n \n It is worth mentioning that this is the fourth offshoring project for\nNTG. The other three (included in previous news releases) were smaller\nin size but are as important because they expand our services to a\ntransportation company and to government agencies.\n \n \n “As a result of COVID, there is an increase in working remotely and\nthere is proven productivity for remote work in the software\ndevelopment field. The offshoring of resources to Egypt is becoming\nincreasing popular due to the availability of resources and the\ncompetitive pricing. NTG is working hard to capitalize on this trend.\nWe look forward to establishing our Egypt subsidiary as a major hub\nfor offshoring in Egypt” said Kristine Lewis, NTG Clarity’s\nPresident.\n \n \n \n About NTG Clarity Networks\nInc.\n \n \n \n NTG Clarity Networks’ vision is to be a global leader in providing\nnetworking solutions. As a Canadian company established in 1992, NTG\nClarity has delivered networking, IT and network enabled application\nsoftware solutions to network service providers and large enterprises.\nMore than 250 network professionals provide design, engineering,\nimplementation, software development and security expertise to the\nindustry’s leading network service providers and enterprises.\n \n \n \n Forward Looking Information\n \n \n \n Certain statements in this release, other than statements of\nhistorical fact, are forward looking information that involves various\nrisks and uncertainties. Such statements relating to, among other\nthings, the prospects for the company to enhance operating results,\nare necessarily subje...