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  NTG Clarity Networks Inc. Announces Private Placement
   
   
 

June 8, 2007. Toronto TORONTO, ONTARIO--(CCNMatthews June, 8th, 2007) NTG Clarity Networks Inc., (TSX VENTURE:NCI) (“NTG” or the “Corporation”) announces that it is proceeding, with a private placement of up to 2,000,000 units (“Units”) at a purchase price of $0.12 per Unit for aggregate consideration of up to $240,000 (the “Offering”). Each Unit will consist of one common share in the capital of NTG (“Common Share”) and one-half of a Common Share purchase warrant (“Warrant”). Each whole Warrant will be exercisable into one Common Share at a price of $0.20 per Common Share for a period of one year from the date of issuance. In connection with the Offering, that number of Common Shares equal to 10% of the total Units sold under the Offering may be issued as a finder's fee to an arm's length party. The Offering and the proposed finder's fee are subject to the approval of the TSX Venture Exchange.

NTG will use the proceeds of the Offering for marketing activities and working capital.


 

About NTG Clarity

 
 

Established in 1992, NTG Clarity has been a leader in delivering network, IT and infrastructure solutions to telecommunications service providers and large enterprises. More than 120 network professionals provide design, documentation and implementation expertise to the industry's leading network service providers. NTG Clarity's services are offered nationally and internationally..

The company has maintained a consistent record of high performance, while establishing itself as a company with strong financial, technical and operational capabilities. NTG Clarity is recognized for its outstanding technical and project management skills, innovative use of advanced technologies, low cost operations and exceptional management capability. NTG has several proprietary software products and applications in the areas of knowledge management and communications, provisioning, fault and performance management, order management, engineering design and facilities management, and web portal and automated order and transaction processing.

 
 
 
  For Further Information, Contact:
 
 
 

Ashraf Zaghloul ( Chief Executive Officer and Chairman )

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