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TORONTO,
ONTARIO--(CCNMatthews
- May 18,
2006) - NTG
Clarity Networks
Inc., (TSX
VENTURE:NCI)
the supplier
of NTS, a
world leading
OSS (operation
support system)
product that
enables Telecom
and Network
operators
to manage
their networks
and assets,
reduce time
to market
for new products
and increase
profitability,
today announced
first quarter
2006 revenues
of $1,368,962,
a decrease
of 12% from
the same period
last year
(All amounts
in Canadian
dollars).
This decrease
was mainly
due to the
elimination
of unprofitable
activities.
The Company
continued
on its profitable
path by reporting
a net income
for the three
months ended
March 31,
2006 of $177,315
compared to
a net income
of $38,233
(over 300%
increase)
for the comparable
period last
year.
“We
have restructured
the business
to focus on
the delivery
of our stellar
NTS product
and the associated
consulting
services and
training to
implement
the product.
This contributed
significantly
to our income
in 2005 and
in the first
quarter of
2006”
said Mr. Ashraf
Zaghloul,
CEO and Chairman
of the Board
of NTG Clarity.
“As
we look ahead,
we are intent
on increasing
our market
share in the
telecom sector,
expanding
the software
solutions,
security and
wireless areas
of the business,
and making
further progress
in the international
marketplace.”
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