| |
April 23, 2007. Toronto
Ontario: --(CCNMatthews - Apr. 23, 2007) NTG Clarity Networks Inc., (TSX VENTURE:NCI) a world leader in the telecommunications OSS market, today reported its 2006 year end results for the fiscal year ended December 31, 2006 (all figures in Canadian Dollars).
The Company reported revenues of $5,269,910 for 2006, a decrease from $5,800,611 for the same period last year. The net income decreased to $194,810 in 2006 compared to a net income of $302,641 for the comparable period last year.
“2006 was a transitional year for NTG. We have continued to restructure our business to focus on the delivery of a world leading OSS product and the associated consulting services and training to implement the product. During 2006, an aggressive marketing program was implemented and we are confident that we are well positioned for the coming year. We have managed to expand our product and services sales in the US market and we continue to aggressively market our product and services in the international marketplace, which we view as an area of substantial growth due to deregulation of the telecommunication sector and the licensing of new mobile operators.
“The NTG team is committed to the objective of becoming one of the leading names in the industry and is well positioned to meet future challenges” said Ashraf Zaghloul, Chairman and CEO.
|
