NTG Clarity Networks Inc.
TSX VENTURE : NCI

NTG Clarity Networks Inc.

September 30, 2005 16:52 ET

NTG Clarity Networks Inc. Announces Shares for Debt Private Placement

TORONTO, ONTARIO--(CCNMatthews - Sept. 30, 2005) - NTG Clarity Networks Inc. (the "Company") (TSX VENTURE:NCI) a leader in delivering network, IT and infrastructure solutions, today announced that it has issued 4 million common shares of the Company at a deemed price of $0.06 per share to settle indebtedness owed to employees, senior officers, directors and consultants of the Company. The transaction will help NTG reduce it debts and improve its balance sheet.

The private placement was been approved by the board of directors of the Company and conditionally approved by the TSX Venture Exchange. The private placement is not subject to the requirements of Ontario Securities Commission Rule 61-501 applicable to related party transactions as the value of the transaction is below 25 percent of the Company's market capitalization.


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

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