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  NTG Clarity Networks Secures CIDA Grant
 
  CALGARY, July 31, 2001
   
   
 

NTG Clarity Networks Inc. (CDNX: NCI), a leader in delivering network, IT and infrastructure solutions to telecommunications service providers, is pleased to announce that it has entered into an agreement with CIDA's Industrial Cooperation Program. Through this agreement, CIDA will contribute up to 70% of the costs involved in preparing a viability study and implementation plan to develop NTG Clarity's wholly owned Egyptian subsidiary, NTG Clarity Egypt Advanced Software.

The grant will enable NTG Clarity to build the new subsidiary as a profitable business, utilizing the proven technology and strong knowledge base from its Canadian operations. The plan will also look at ways to ensure that the project returns positive social and economic impacts to the host country, Egypt.

"NTG Clarity is committed to expanding the capabilities of our Egyptian operation to provide the NTG Clarity's full suite of telecom and networking services and to develop world class, competitively priced software products," says Ashraf Zaghloul, Chief Executive Officer and Chairman of NTG Clarity Networks. "CIDA's assistance will help us to aggressively pursue International business opportunities, particularly in the rapidly growing Middle East and African market."

"We plan to use the CIDA funds to focus on three primary areas," says Adel Zaghloul, Chairman and Chief Executive Officer of NTG Clarity Egypt. "Our emphasis will be on implementing up-to-date business management policies, establishing project development methodologies, and developing our human resources. We are excited to now have the means to model our Egyptian operations after the success NTG Clarity has experienced in the North American marketplace."

 
 
 
About NTG Clarity Networks Inc.
 
 

Established in 1992, NTG Clarity has been a leader in delivering network, IT and infrastructure solutions to telecommunications service providers. More than 120 network professionals provide design, documentation and implementation expertise to the industry's leading network service providers. NTG Clarity's services are offered internationally, with offices and operations currently in Toronto, Calgary, Vancouver, Montreal, Chicago and Cairo.

The company has maintained a record of consistently high performance, while establishing itself as a company with strong financial, technical and operational capabilities. NTG Clarity is recognized for its outstanding technical and project management skills, innovative use of advanced technologies, low cost operations and exceptional management capability.

 
 
 
  For Further Information, Contact:
 
 
 

Ashraf Zaghloul ( Chief Executive Officer and Chairman )

 
Telephone: (905) 305-1325    |    Facsimile: (905) 752-0469
     
Email: azaghloul@ntgclarity.com   
     
 
  
 
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