Yahoo Finance NTG Clarity Networks Anticipates Record Q1 Revenues
TORONTO, ON / ACCESWIRE / April 15, 2015 / NTG Clarity Networks Inc. (TSX.V:NCI.V - News) is pleased to report that revenues for the first quarter of 2015 are expected to hit a Q1 record of at least $4.3 million. This compares with revenues of $2.9 million in Q1 last year and $1.5 million in Q1 2013. The first quarter has historically been NTG's weakest quarter for operating results largely due to the timing of new contracts and their corresponding billing. First quarter revenues this year were buoyed by new projects with new customers and an increase in business with existing customers. Complete financial results will be released in late May 2015.
"We are very pleased with our start to 2015," stated Ashraf Zaghloul, NTG Clarity's chairman and chief executive officer. "We expect to continue to generate record revenues during 2015 as we expand the business through our traditional sales channels as well as through our new offices opened in 2014."
About NTG Clarity Networks Inc.
NTG Clarity Networks' vision is to be a global leader in providing networking solutions. As a Canadian company established in 1992, NTG Clarity has delivered networking, IT and network enabled application software solutions to network service providers and large enterprises. More than 300 network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading network service providers and enterprises.
Forward Looking Information
Certain statements in this release, other than statements of historical fact, are forward looking information that involves various risks and uncertainties. Such statements relating to, among other things, the prospects for the company to enhance operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature.
These uncertainties may cause actual results to differ from information contained herein. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward looking statements are based on the estimates and opinions of the management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward looking statements should circumstances or management's estimates or opinions change.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For Further Information:
Doren Quinton, President QIS Capital
Ph:250-377-1182
Fax:250-377-1183
Email: info@smallcaps.ca
Kristine Lewis, President, NTG Clarity Networks Inc.
Ph: 905-305-1325
Fax: 905-752-0469
Email: klewis@ntgclarity.com
SOURCE: NTG Clarity Networks Inc.
