|
 |
| |
| |
|
|
| |
|
| |
|
| |
|
| |
NTG
Clarity Networks
Inc. Announces
Second Quarter
2006 Results |
|
| |
|
| |
|
| |
August 22,
2006. Toronto
Ontario: NTG
Clarity Networks
Inc., (TSX-VEN:
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
second quarter
2006 revenues
of $1,412,036,
a decrease
of 4% from
the same period
last year
(All amounts
in Canadian
dollars).
The Company
continued
on its profitable
path by reporting
a net income
for the three
months ended
June 30, 2006
of $72,772
compared to
a net income
of $74,948
for the comparable
period last
year.
“We
continue 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
we are optimistic
about the
success of
our product
in 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.
|
|
| |
| |
| |
Income
statement highlights
for the three
months ended
June 30, 2006
and 2005 |
| |
| |
|
|
| |
June
30, 2006 |
June
30, 2005
|
| Revenue |
$
1,412,036 |
$
1,465,818 |
| Cost
of revenue |
955,277 |
881,373 |
| |
|
|
| |
456,759 |
584,445 |
| |
|
|
| Expenses |
383,987 |
509,497 |
 |
|
|
| Net
Income
for the
period |
$
72,772 |
$
74,948 |
| |
|
|
| |
|
|
|
| |
|
|
| |
Balance
Sheet Highlights
as at June 30,
2006 and December
31, 2005 |
| |
| |
|
|
| |
June
30, 2006 |
December
31, 2005 |
| Cash,
end of
period |
$
98,751 |
$
58,955 |
| |
|
|
| Bank
Overdraft |
--
|
--
|
| |
|
|
| Shareholder’s
Equity |
863,352 |
613,265
|
| |
|
|
| Total
Assets |
$
2,208,868 |
$
1,934,032 |
| |
|
|
| |
|
|
| |
|
|
|
| |
|
|
| |
|
| |
| |
Established
in 1992, NTG
Clarity develops
and markets
NTS, an engineering
and business
tool that
enables Telecom
and Network
operators
to manage
their networks
and assets,
reduce time
to market
for new products
and increase
profitability.
NTG Clarity's
services are
offered internationally,
with offices
and operations
currently
in Toronto
and Cairo.
NTG Clarity
is a leader
in delivering
network, IT
and infrastructure
solutions
to telecommunications
operators,
Network service
providers
and large
enterprises. |
|
| |
| |
| |
Forward
Looking Information
|
|
| |
| |
Certain statements
in this release,
other than
statements
of historical
fact, are
forward looking
information
that involves
various risks
and uncertainties.
Such statements
relating to,
among other
things, the
prospects
for the company
to enhance
operating
results, are
necessarily
subject to
risks and
uncertainties,
some of which
are significant
in scope and
nature.
These uncertainties
may cause
actual results
to differ
from information
contained
herein. There
can be no
assurance
that such
statements
will prove
to be accurate.
Actual results
and future
events could
differ materially
from those
anticipated
in such statements.
These and
all subsequent
written and
oral forward
looking statements
are based
on the estimates
and opinions
of the management
on the dates
they are made
and expressly
qualified
in their entirety
by this notice.
The Company
assumes no
obligation
to update
forward looking
statements
should circumstances
or management's
estimates
or opinions
change. |
|
| |
| |
| |
For
Further Information,
Contact:
|
|
| |
|
|
 |
|
|
| |
| |
The TSX Venture Exchange
does not accept responsibility
for the adequacy or accuracy
of this release.
|
|
| |
| |
|
|
|
|
|
|
|
|