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NTG Clarity Awarded $4.2 Million Contract for Systems Enhancements



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By Bobwins

Posted: Friday Jun 28 11:29:29AM 2013

June 28, 2013, Toronto, Ontario. NTG Clarity Networks Inc., (TSX VENTURE:NCI) is pleased to announce that it intends to complete a private placement of a series of unsecured convertible debentures in the aggregate principal amount of up to CDN $1,000,000 in units of CDN $5,000 (the "Debentures"). The Debentures shall bear interest at the rate of ten (10%) percent per annum and shall mature two (2) years following the date of issuance.

The principal amount of the Debentures shall be convertible into common shares of the Corporation at any time prior to maturity at the option of the holder at a conversion price of $0.25 per common share. The Debentures will also have a forced conversion provision whereby the Corporation may force the conversion of the Debentures at a price of $0.25 per common share if at any time the closing price exceeds $0.35 for 7 consecutive days.

Over the past 30 days, NTG Clarity has announced over $8 million in new Letters of Intent with the majority of the work to be completed over the balance of 2013. To fund this growth and to provide financial flexibility to gain additional revenue opportunities, the Company is required to finance its receivables and other obligations. Proceeds from this convertible debenture will be used predominantly as working capital to fund NTG Clarity's growth.

Completion of the private placement herein contemplated is subject to market and other conditions and the Company obtaining all regulatory body approvals in connection therewith including without limitation, approval of the TSX Venture Exchange Inc. The private placement is only available to persons and in jurisdictions permitted by the applicable securities regulatory authorities.


By dquinton

Posted: Monday Jun 17 9:31:00AM 2013

New high for NTG Clarity this morning - $0.245.  Congrats to all that are holding on for the ride.


By Bobwins

Posted: Thursday Jun 13 8:47:02AM 2013

Congrats on timing your buys and sells.  NCI.v  hot today  +.07 to C$.22

I thought NCI would pull back more but nobody wants my .12 bid now!!!  

 

 


By PAndreola

Posted: Thursday Jun 6 2:48:00PM 2013

I was enough that I sold between $0.18 and $0.21 a couple of days ago. Today I managed to buy some of position back at $0.13 and expect to holding for a while. I certainly thought today's drop gave us a great entry point.


By murrayn

Posted: Thursday Jun 6 7:58:53AM 2013

Pullback to 13-14 cents today is a nice entry point. 


By Bobwins

Posted: Tuesday Jun 4 7:49:15AM 2013

NCI.v  +.06 to C$.22   another big day for Ntg!  Getting discovered.  Still have to see what the financials look like from the new businesss and how much it's going to cost NTG to complete these big contracts.  The gross margins are key.  If a good portion of the contracts are the lucrative licensing fees, these could send profits soaring.......OR they might have to hire more help to complete the contracts and profits could go up about the same as sales or less.  Don't know.  Have to see more financials to judge.  BUT NCI.v is already profitable and these substantial contracts compared to their previous sales should dramatically boost profits.  Nice double from last week and congrats to early buyers who have a triple!


By Bobwins

Posted: Monday Jun 3 7:35:33AM 2013

woohoo!  Another big contract win!   +.065 to C$.16  Sales should double from 2012. Earnings should more than double.  Made .03eps last year on 5 million in sales.  

 

TORONTO, ONTARIO--(Marketwired - June 3, 2013) -NTG Clarity Networks Inc., (TSX VENTURE:NCI) is pleased to announce the Company received a Letter of Intent from a leading mobile operator in the Gulf region to provide software development resources. 70% of the resources are for a 6 month renewal for ongoing work and the other 30% is to work on a new project with the expected completion within 10 months. The contract value is approximately CAD $3.8 Million.

"NTG has been working hard in the last few years to establish ourselves as a leading provider of quality Telecom software products and services in the Gulf region. The last few announcements reflect the increasing satisfaction and confidence of our customers in our wide expertise in telecom systems and operators requirements." said Ashraf Zaghloul, NTG Clarity's Chairman & CEO.

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 200 network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading network service providers and enterprises.

Contact:
NTG Clarity Networks Inc.
Ashraf Zaghloul
Chief Executive Officer and Chairman
(905) 752-0469
(905) 305-1325
azaghloul@ntgclarity.com
www.ntgclarity.com

By PAndreola

Posted: Friday May 31 12:04:36PM 2013

I started following the company earlier in the week based on the recent financials and was still doing my due diligence when up popped the news on the new contract. I jumped on the $0.07's and $0.075's. Just looks too cheap down here.


By Bobwins

Posted: Friday May 31 10:59:36AM 2013

ok, couldn't resist.  Bought some at .10 today.   They did 5.9million for all of 2012.  This new contract is for 4.2 million over the next 12 months so gross revs should rise dramatically.  Since the company is already profitable, they should see dramatic improvements in net profits and eps.  Low liquidity so not going to get a 10X p/e multiple but maybe 5X?

We should see something in the .20+ range as results hit the P&L and maybe .30.  Depends on the overall markets and risk aversion.  Need Canadians to get brave with their $$$$.  

 


By Josh_Kier

Posted: Thursday May 30 11:57:31AM 2013

NTG Clarity Awarded $4.2 Million Contract for Systems Enhancements

 

TORONTO, ONTARIO--(Marketwired - May 30, 2013) - NTG Clarity Networks Inc., (TSX VENTURE:NCI) is pleased to announce the company received a Letter of Intent from a leading mobile operator in the Gulf region to provide resources to enhance some of their current systems. The contract value is approximately CAD $4.2 Million. The expected duration of this project is 12 months.

"We are very pleased with the award of this project as it reflects our customer's increasing satisfaction and confidence with our extensive expertise in telecom systems and operator requirements," said Ashraf Zaghloul, NTG Clarity's Chairman & CEO.

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 200 network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading network service providers and enterprises.

 

CONTACT INFORMATION:

 

NTG Clarity Networks Inc.
Ashraf Zaghloul
Chief Executive Officer and Chairman
(905) 305-1325
Fax: (905) 752-0469
azaghloul@ntgclarity.com
www.ntgclarity.com


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