| |
TORONTO,
ONTARIO--(CCNMatthews
- Nov. 24,
2004) - NTG
Clarity Networks
Inc., (TSX
VENTURE:NCI)
a leader in
delivering
network, information
technology
and infrastructure
solutions,
today announced
third quarter
2004 revenues
of $1,822,674,
a decrease
of 15% from
the same period
last year.
(All amounts
in Canadian
dollars).
The Company
reported a
net income
for the three
months ended
September
30, 2004 of
$38,799 compared
to a net income
of $13,612
for the comparable
period last
year. This
was achieved
through continued
efforts of
the company
to reduce
overhead expenses
and to bring
operating
costs in line
with revenue
levels.
The Company
has been awarded
a number of
international
contracts
recently which
are a result
of its successful
marketing
and branding
initiatives
to increase
awareness
of the Company's
leadership
and expertise
in the area
of telecom,
networking
and information
technology.
“As
we look ahead,
we are intent
on increasing
our market
share in the
telecom sector,
expanding
the enterprise,
security and
wireless areas
of the business,
and making
further progress
in the international
marketplace”,
said Ashraf
Zaghloul,
Chairman and
CEO. |
