(via Thenewswire.ca)
Toronto, ON and Kuwait City, Kuwait / TheNewswire / December 17, 2015 / NTG Clarity Networks Inc. (TSX.V:NCI). NTG is pleased to announce that the Company has signed its largest ever contract estimated at $11 Million CDN over a three-year period. The contract has been signed with Mobile Telecommunications Company (Zain Kuwait), Zain Group's flagship operation, to support the country's leading telecommunications provider with enhancing its operation efficiency. NTG will provide technical professional resources and services to support various Technology Operations within the company.
NTG will provide both on site and off shore services and resources over the next three years. These services will start in January 2016 and approximately one-third of the contract scope is expected to be completed in 2016.
NTG had started business development in Kuwait in the first quarter of 2015 and it represented a small percentage of the company's total revenues during the first 9 months of 2015. This contract will significantly increase Kuwait's contribution to NTG's corporate revenues going forward, with the opportunity to leverage additional add-on work in the immediate area.
"We are pleased to sign this contract with NTG, where we leverage on NTG's proven in-depth Telecom experience. This agreement will support Zain Kuwait to add value to its operational efficiency", said Eaman Al Roudhan, Zain Kuwait's Chief Executive Officer.
"We are very proud to be chosen by Zain to provide this important service. This increased presence in Kuwait will enable NTG to expand our service offerings in Kuwait and further increase our customer base." said Kristine Lewis, NTG Clarity's President.
About NTG Clarity Networks Inc.
NTG Clarity Networks' vision is to be a global leader in providing networking solutions. As a Canadian company established in 1992, NTG Clarity has delivered networking, IT and network enabled application software solutions to network service providers and large enterprises. 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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