QIS Update #7 - 2019 - NTG Clarity Networks wins $2.4 million project, announces new sales model - May 9th 2019
Included in this update:
- NTG Clarity Networks wins $2.4 million project in the Financial Sector
- NTG Clarity announces new sales model
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NTG Clarity Networks Inc. (NCI:TSX-V)
Current Price: $0.05 (coverage commenced Feb. 4/10 - $0.045)
NTG Clarity Awarded $2.4 Million Project in the Financial Sector
May 9, 2019 / NTG Clarity Networks Inc. (TSX.V:NCI), NTG Clarity is pleased to announce that the Company has started work on a significant project for one of the major banks in the Gulf area. The project value is worth about $2.4M Canadian dollars. This is an approximately one year project with the potential of more additional work.
NTG Clarity has been pursuing new contracts in the financial sector in order to increase its revenue and margins and to complement its presence in the Telecom field. This initial order is a confirmation of the new sales model and strategy that was announced on May 6, 2019.
“NTG has been working hard in the last few years to establish ourselves as a leading provider of quality Information Technology products and services in the Gulf region. This project is key to diversifying NTG in new fields, especially the financial sector. We will work hard to establish NTG Clarity as a key supplier of services to this important sector” said Kristine Lewis, NTG Clarity’s President.
NTG Clarity Networks Announces New Sales Model
May 6, 2019 / NTG Clarity Networks Inc. (TSX.V:NCI) reports that it has developed a new sales model to increase its marketing reach and to improve revenues and earnings.
NTG Clarity, in the past, has been focused on the sale of its products and services through a direct sale model. We will continue this model with our current customers; however, we have been negotiating partnership and subcontracting agreements to be able to expand our reach and to capitalize on the marketing and sales abilities of large corporations. We are pursuing multiple opportunities with these partners to expand our reach and increase our sales.
To this end, NTG Clarity has signed a subcontracting agreement with a well respected Global Technology provider. Under this agreement, NTG will supply this global organization with resources in both the Telecom and Information Technology fields in the Middle East.
We also have a Manpower Service Framework agreement with a large system integrator in the Gulf area to provide manpower services in the Information Technology field.
This new strategy will enable NTG Clarity to concentrate on its core focus of providing strong expertise, while capitalizing on the strong sales and marketing expertise of these large corporations. The sales contacts and business relationships with these corporations will be an invaluable asset in helping NTG Clarity introduce its products and services to a wider audience of potential customers. The Company has already commenced negotiations and some work agreements with a number of these new potential customers.
NTG Clarity is also in the process of speaking with additional partners to establish similar sales channels for its products and services. Should these negotiations be successful, the efforts of these partners will be complimentary to the sales agreements already entered into with existing corporations.
NTG Clarity is also focused on improving sales in the North American market with a particular emphasis in providing qualified IT resources at very competitive pricing. The Company will be focusing on opportunities in both the onshore and offshore markets and will be launching a new service to enhance its sales reach, particularly in these areas.
Finally, to diversify our business from our traditional customers in the Telecom industry, NTG Clarity has been marketing its services to the financial sector. The Company is in the final stages of contract negotiations with a major bank in the Gulf area to supply technology resources and hopes to be able to announce a contract with this new customer shortly.
QIS CAPITAL: We have seen a tremendous reaction in the markets this morning to NTG Clarity's new contract announcement. According to management this is just the beginning of the new sales model which is expected to lead to a number of new customer channels and new opportunities. Diversification into the financial sector is significant if NTG Clarity can gain a few additional contracts in this field. It's been a rough couple of years for the company but hopefully we can get some new life coming into this story in 2019.
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