QIS Update #4 - 2016 - NTG Clarity Networks lands $1.8 million agreement and Fairmont Resources is featured in a magazine 2016 - March 16th 2016
Included in this update:
- NTG Clarity Networks wins $1.8 Million utility billing agreement in Egypt
- Fairmont Resources article in the Feb/March issue of Bull and Bear
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NTG Clarity Networks’ CEO, Ashraf Zaghloul, recently conducted a radio interview with The Stock Radio. This 5 minute interview is well worth a listen to get an update on the company’s current operations.
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NTG Clarity Networks Inc. (NCI:TSX-V)
Current Price: $0.23 (coverage commenced Feb. 4/10 - $0.045)
NTG Clarity Awarded an Estimated $1.8 Million Utility Billing Agreement in Egypt
NTG Clarity is pleased to announce that the company has signed Phase 1 of its largest ever Utility Billing contract, with the value of the total contract estimated to be at $1.8 Million CDN over a two-year period. The contract has been signed with one of the largest Water Utility companies in Egypt. NTG’s Egyptian Subsidiary, NTG Egypt Advanced Software, will provide NTG’s NTS Billing Solution, an ERP solution, related hardware, networks and connectivity for the client, who is in process of automating all its operations within its headquarters and over 30 branches.
NTG will provide this ambitious project over two phases. Phase 1 will include installing NTG’s proprietary NTS Billing solution with all its modules and mobile add-on modules, as well as the servers, desktops, printers, network appliances and network, connectivity and backup connections for over 30 branches. The value of Phase 1 is estimated to be $660,000 CDN and will be delivered by end of August, 2016.
Phase 2 is an ERP solution to cover all the Company operations and the rest of the needed hardware, printers and other accessories. This phase is expected to be delivered by end of 2017.
NTG has been in the Utility Billing application business in Egypt since 2002, where our first full single source integrated solution was implemented successfully in Aswan Water Company. Since then, the application has been enriched with many features and several mobile application add-ons. This awarded NTG with more implementations in Egypt and Saudi Arabia, including Egypt’s largest Water Utility Company and two others.
NTG Egypt has been representing an increasing share of the Company business over the years and this project will help significantly increase its share this year.
“We are very proud to be chosen to provide this critical project and have accepted the challenge posed by the tight delivery schedule for the first phase. We are looking forward to completing this phase on time and to add more successful implementations to our Egypt Portfolio” said Adel Zaghloul, NTG Egypt Chairman and CEO.
QIS Capital: This is an exciting new contract for NTG Clarity in an expansive market for the company. This contract also continues to diversify NTG Clarity’s revenues outside of Saudi Arabia. Despite a lack of recent news, the company has a solid backlog of work for 2016 which should lead to another year of solid growth. NTG Clarity should be announcing its 2015 annual numbers by mid-April. The company is on track for earnings of around $0.04 per share for 2015 representing a p/e multiple of just over 5 times. NTG Clarity also has positive working of $0.19 per share and no long term debt.
Fairmont Resources Inc. (FMR:TSX-V)
Current Price: $0.05 (coverage commenced February 18/16 - $0.025)
An article was completed on Fairmont Resources in the Feb/March 2016 edition of Bull and Bear magazine. The article on Fairmont is on page 13 and can be found at the following link: Click Here
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 1,051,000 shares and 100,000 options 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 - 2015 QIS Capital Corporation.