(via Thenewswire.ca)
Toronto, ON / TheNewswire / September 10, 2015 / NTG Clarity Networks Inc. (TSX.V:NCI), today announced the first successful implementation of its evolutionary software called Stage EM. A city of about 300,000 people in the Middle-East chose Stage EM as the centerpiece for their efforts to innovate and automate the process of managing, maintaining and scheduling a variety of projects in its Public Works Operations. The contract value is $100,000.
"We are pleased that Stage EM was able to resolve the significant challenges the city faced relating to its efficiency objective," stated Ashraf Zaghloul, NTG Clarity's Chairman and Chief Executive Officer. "This is our first implementation and we are in negotiations with several other customers. The Stage EM software solution is innovative and has a low cost of entry. Solutions such as Stage EM are in high demand by organizations globally. This also demonstrates the expansion of NTG into other business verticals such as municipalities and increases NTG's product sales which have higher margins and recurring support revenue."
At the heart of this implementation of Stage EM is the Projects and Portfolio Management Module. A typical company or department will have many on-going projects, each having their own budget, timeframe and objectives. Each project may have studies, tenders, contracts, billings, payments, milestones, and analysis. Currently, most of this process in a typical company is run manually with the help of spreadsheets. Stage EM, however, automates the entire project process. By automating the process, the company has a real time integrated solution to track the company's performance on a portfolio and project basis. By integrating projects, resources and finances, the company now has the means to make decisions to optimize its performance. For example, if one project is delayed, the manager can determine how much funds may be allotted to another project to expedite completion. Stage EM issues alerts for delays, approves extensions, monitor warranties and helps with post project analysis.
ABOUT NTG CLARITY NETWORKS INC
NTG Clarity Networks' vision is to be a global leader in providing software solutions and services. Established in 1992, NTG Clarity has delivered networking, IT and network enabled application software solutions to network service providers and large enterprises in Canada and the MEA countries. More than 400 network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading network service providers and enterprises.
FORWARD LOOKING INFORMATION
Certain statements in this release, other than statements of historical fact, are forward looking information that involves various risks and uncertainties. Such statements relating to, among other things, the prospects for the company to enhance operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature. These uncertainties may cause actual results to differ from information contained herein. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward looking statements are based on the estimates and opinions of the management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION
Doren Quinton, President QIS Capital
Ph: 250-377-1182
Fax: 250-377-1183
Email: info@smallcaps.ca
Kristine Lewis, President, NTG Clarity Networks Inc.
Ph: 905-305-1325
Fax: 905-752-0469
Email: klewis@ntgclarity.com
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