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QIS Update #18 2014 - June 6th 2014

Included in this update:

  • NTG Clarity Networks announces new independent board member
  • Virtutone Networks reports record monthly revenues of $14.9 million for May 2014



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NTG Clarity Networks Inc. (NCI:TSX-V)
Current Price: $0.26 (coverage commenced Feb. 4/10 - $0.045)


NTG Clarity Networks Inc. has announced the addition of Mr. Nicholas Hamilton-Piercy to the Board of Directors. Formerly on the company’s Advisory Board, Nick brings over 45 years of extensive experience in the telecom space to NTG’s Board that includes working for Rogers Group of Companies for over 30 years, and acting as Chief Technology Officer (CTO) before retiring. More recently he has advised corporations and the financial community on technology directions and programs.

He graduated as a Chartered Engineer from the Medway College of Technology in Chatham, England, in 1961 where he specialized in electrical engineering. He worked with Rogers for over 30 years in various senior technology management positions. Before joining Rogers in 1974, he was with the Canadian Marconi Company for 12 years, and Marconi-Elliot UK for 6 years as an engineer in training and then as a member of the engineering consulting team. He is a Professional Engineer Ontario, Fellow of the Institute of Electrical and Electronic Engineers (FIEEE), and a Senior Member of the Society of Cable Television Engineers (SCTE).

Nick is a highly skilled professional, bringing substantial knowledge and expertise to our organization. The NTG team is delighted to welcome Nick aboard and plans to make the most of his telecom and business expertise as we capitalize on the increasing demand for NTG’s products and services. His extensive expertise and impressive list of achievements will be highly beneficial in shaping NTG’s strategy and future direction said Ashraf Zaghloul, NTG’s Chairman and CEO.

QIS Capital: While it has been extremely frustrating to watch NTG Clarity’s share price diminish over the past few months, the company’s fundamentals are in complete contradiction as NTG continues to show growth and strong earnings. Value and growth typically win in the end and unfortunately do not always correlate with share volatility and/or buying or selling trends. Investors are reminded that NTG Clarity has achieved earnings of $0.06 per share in the trailing 12 months and has positive working capital of $4.7 million or $0.13 per share and no long-term debt.


Virtutone Networks Inc. (VFX:TSX-V)
Current Price: $0.38 (coverage commenced Sep. 9/11 - $0.10)

Virtutone Networks Inc. has announced that the company generated over $14.9 million in revenue for the month of May.

May was an incredible month for us with a growth of 30% over the month of April said Jason Allen, Chief Executive Officer of Virtutone. Our team has done an exceptional job in managing this growth over the past year.

The company is pleased to announce the appointment of William (Bill) Woods as Virtuone’s new Chief Financial Officer. Bill has over 15 year experience in CFO roles with various TSX and TSXV companies, in both the United States and Canada. We would like to welcome Bill to the team said Jason Allen, Chief Executive Officer of Virtutone. We would also like to thank Sergio Valacco, for stepping in while we searched for our long-term CFO that will help take the company to the next level.

QIS Capital: May was a very strong month for Virtutone in terms of revenues. We have spoken with management and have been assured that margins have been steady. The next quarter, which is expected to be announced by the end of June, will show a full quarter of normalized revenues and earnings. Revenues for Q1 should be in the order of $28.3 million according to the numbers in recent press releases. May revenues alone were more than half of the previous quarter.


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 1,613,000 shares and 100,000 options of NTG Clarity Networks Inc., and 484,000 shares and 212,500 warrants of Virtutone 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 - 2014 QIS Capital Corporation.

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