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  NTG Clarity Networks Inc. Announces Third Quarter 2006 Results
   
   
 

November 21, 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 third quarter 2006 revenues of $1,435,199, an increase of 8% 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 September 30, 2006 of $53,561 before foreign income taxes, compared to a net income of $56,128 for the comparable period last year.

“We continue to focus on the delivery of our innovative 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 the future,,” 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 September 30, 2006 and 2005
 
     
  Sept. 30, 2006 Sept. 30, 2005
Revenue $ 1,435,199 $ 1,324,464
Cost of revenue 722,266 651,452
 
  712,933 673,012
     
Expenses 659,372 616,884
Net Income for the period $ 53,561 $ 56,128
 
     
   
  Balance Sheet Highlights as at September 30, 2006 and December 31, 2005
 
     
  Sept. 30, 2006 December 31, 2005
Cash, end of period $ 92,057 $ 58,955
 
Bank Overdraft -- --
 
Shareholder’s Equity 802,776 613,265
 
Total Assets $ 1,893,756 $ 1,934,032
 
     
     
 
 
 

About NTG Clarity

 
 

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.

TThese 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:
 
 

Ashraf Zaghloul ( Chief Executive Officer and Chairman )

 
Telephone: (905) 305-1325    |    Facsimile: (905) 752-0469
     
Email: azaghloul@ntgclarity.com   
     
Investor Enquiries: ntginvest@ntgclarity.com
 
 

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

 
  
 
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