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Calgary,
Alberta, January
3, 2003 -
NTG Clarity
Networks Inc.
(the "Company"
or "NTG
Clarity")
announced
that it has
filed with
the TSX Venture
Exchange a
Notice of
Intention
to Make a
Normal Course
Issuer Bid
which shall
commence on
January 7,
2003 and terminate
on January
6, 2004 or
the earlier
of the date
all shares
which are
subject to
the Normal
Course Issuer
Bid are purchased.
In the opinion
of the Board
of Directors
of NTG Clarity,
the market
price of the
Common Shares
of NTG Clarity
does not accurately
reflect the
value of those
shares. As
a result,
NTG Clarity's
Common Shares
may become
available
for purchase
at prices,
which make
them an appropriate
use of funds
of the Company.
NTG Clarity
intends to
attempt to
acquire up
to an aggregate
of 938,823
of its Common
Shares over
the next 12-month
period representing
approximately
5% of its
18,776,477
issued and
outstanding
Common Shares.
Purchases
subject to
this Normal
Course Issuer
Bid will be
carried out
pursuant to
open market
transactions
through the
facilities
of the TSX
Venture Exchange.
All Common
Shares purchased
by NTG Clarity
under the
Normal Course
Issuer Bid
will be cancelled.
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