QIS Update #9 2014 - March 21st 2014
Included in this update:
- Dalmac Energy announces fiscal Q3 results release date and conference call
- NTG Clarity Networks awarded $3.4 million letter of intent
- Virtutone Networks lists on Frankfurt Stock Exchange
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Dalmac Energy Inc. (DAL:TSX-V)
Current Price: $0.30 (coverage commenced Nov 15/11 - $0.37)
Dalmac Energy Inc. has announced that it intends to release financial results for fiscal Q3, 2014, for the period ended January 31, 2014, before market opening on Wednesday March 26, 2014.
A conference call to discuss the results will be held the same day at 1:30 pm EST, 11:30am MST.
To participate in the conference please dial, 416-644-3415 local in Toronto, or toll free, 1-877-974-0445 and request the Dalmac Energy Conference.
QIS Capital: We are hoping for as many as possible to listen to the conference call for Dalmac Energy. The company is providing some positive signals for the remainder of fiscal 2014 and into 2015 and management will have the opportunity to speak to some of these initiatives during the call. This is a great opportunity to hear from management and ask your questions.
NTG Clarity Networks Inc. (NCI:TSX-V)
Current Price: $0.375 (coverage commenced Feb. 4/10 - $0.045)
NTG Clarity Networks Inc. has received a Letter of Intent from a leading mobile operator in the Gulf region to provide software development resources, telecom consultants, and project management resources. NTG has already started work on this LOI and approximately 25% of the total amount was recognized in 2013. The remainder of the LOI is expected to be completed by the end of June 2014.
This is the confirmation of the extension of one of the contracts mentioned in the company’s shareholder update release on March 12, 2014.
In the last few years, we have been working hard to establish ourselves as a leading provider of quality Telecom software products and services in the Gulf region. The renewal of this contract reflects the increasing satisfaction and confidence of our customers with regards to our extensive expertise in telecom systems and operator requirements. said Ashraf Zaghloul, NTG Clarity’s Chairman and CEO.
QIS Capital: This is a positive step for NTG Clarity as it builds the revenue base for 2014 and also demonstrates that the customer is happy with the product and prior services. As mentioned in the release, the entire $3.4 million LOI is expected to be booked as revenue by the end of the second quarter of 2014.
Virtutone Networks Inc. (VFX:TSX-V)
Current Price: $0.475 (coverage commenced Sep. 9/11 - $0.10)
Virtutone Networks Inc. has announced that it has listed on the Frankfurt Stock Exchange under the symbol 0VN (Zero V N) ISIN CA92828L1004, WKN A1XEPN. The company’s shares will trade in euros on this exchange.
Due to the overwhelming demand for Virtutone stock from European investors, we have listed on the Frankfurt Stock Exchange, which will allow European investors to easily trade Virtutone shares, said Jason Allen, Chief Executive Officer of Virtutone. We are excited that overseas investors see an opportunity to participate in Virtutone’s multi-year growth plan.
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. 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 119,500 shares and 200,000 options of Dalmac Energy Inc., 1,228,500 shares of NTG Clarity Networks Inc., and 605,500 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.