QIS Update #1 - 2018 - Newlox Gold Ventures and NTG Clarity Networks report the first news of the year - January 7th 2018
Included in this update:
- - Newlox Gold Venture receives European legal entity identifier
- NTG Clarity Networks receives a $670,000 purchase order
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Newlox Gold Ventures Corp. (LUX:CSE)
Current Price: $0.055 (coverage commenced Mar. 31/14 - $0.05)
Newlox Gold Ventures Corp. has has received its Legal Entity Identifier (LEI) bar code equivalent in accordance with European Union regulations.
The relevant assigned ID is: 967600I104NEWN5G0683.
The legal entity identifier number is a 20-digit alphanumeric code. It is an internationally standardized and globally valid identifier for financial market participants. Its purpose is to clearly and unequivocally identify contracting parties (such as companies, banks and investment funds) and provides compliance with a variety of financial reporting requirements.
According to the Deutsche Bourse Group, the LEI number will affect most aspects of the securities markets in Europe, including trading, clearing, settlement, custody, collateral and liquidity management, market data, and indices.
QIS Capital: This may help to improve trading liquidity as Newlox suffers from lower than needed market exposure. We are expecting to see an update on the beneficiation plant in the near future as well as increased throughput from the concentration facility.
NTG Clarity Networks Inc. (NCI:TSX-V)
Current Price: $0.09 (coverage commenced Feb. 4/10 - $0.045)
NTG Clarity Networks Inc. has announced that the company has received a Purchase Order estimated at $670,000 CAD over a one-year period. The PO was received from a leading system integrator in the Gulf region, to provide resources and support for an organization Web Portal. These services are expected to start in February 2018.
"We are very proud to be chosen by this customer to provide this important service. This is another new customer for NTG. The acquiring of new customers in the last three month validates NTG marketing and sales efforts, and we look forward to increasing our service offerings with these customers this year" said Kristine Lewis, NTG Clarity's President.
QIS Capital: The most important thing from this purchase order is the fact that it was received from a new customer which should lead to a new recurring revenue stream. NTG Clarity has announced a number of new contracts over the past 3 months and 2018 is shaping up to be a good year for the company. Unfortunately we are in the longer wait time for annual numbers but all indications are that the company should continue to benefit from lower costs and stable revenues.
Disclaimer: This article is for informational purposes only. The information contained within this article should not be construed as offering investment advice. Those seeking direct investment advice should consult a qualified, registered, investment professional. BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. The company profiled assumes no liability for the information presented. This is not a direct or implied solicitation to buy or sell securities. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. The author(s) owns directly or indirectly 4,469,398 shares and 833,472 warrants of Newlox Gold Ventures Corp., and 1,609,000 shares of NTG Clarity Networks Inc. QIS Capital may have a financial relationship with these companies and may trade in the stocks mentioned. No stock exchange has approved or disapproved of the information contained herein. Copyright © 2003 - 2018 QIS Capital Corporation.