| |
TORONTO,
ONTARIO--(CCNMatthews
- May 25,
2005) - NTG
Clarity Networks
Inc., (TSX
VENTURE:NCI)
a leader in
delivering
network, IT
and infrastructure
solutions,
today announced
first quarter
2005 revenues
of $1,554,315,
a decrease
of 30% from
the same period
last year.
(All amounts
in Canadian
dollars).
This decrease
was due mainly
to the elimination
of the Field
Services business
unit which
was not yielding
satisfactory
results.
The Company
reported a
net income
for the three
months ended
March 31,
2005 of $38,233
compared to
a net income
of $66,981
for the comparable
period last
year.
“The
Company continues
to look for
opportunities
to optimize
operations
costs in line
with current
revenue levels.”
“Our
reorganization
of our business
into three
business units
(Professional
Services,
Software Products,
and Training
Services)
has positioned
us to capitalize
on opportunities
as we move
forward.”
“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. |
