NTG Clarity Networks Inc.
TSX VENTURE : NCI

NTG Clarity Networks Inc.

April 23, 2007 16:05 ET

NTG Clarity Networks Inc. Announces Year End 2006 Results

TORONTO, ONTARIO--(CCNMatthews - April 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.



Income statement highlights for the year ended December 31, 2006 and 2005
-------------------------------------------------------------------------


December 31, 2006 December 31, 2005
----------------- -----------------

Revenue $ 5,269,910 $ 5,800,611
Cost of revenue 2,732,630 3,019,011
--------- ---------

Gross Profit 2,537,280 2,781,600

Expenses 2,342,470 2,478,959

----------- ----------

Net Income for the period $ 194,810 $ 302,641
------- -------


Balance Sheet Highlights as at December 31, 2006
------------------------------------------------

December 31, 2006 December 31, 2005
----------------- -----------------

Cash, end of year $ 51,246 $ 58,955
--------- ---------
--------- ---------

Bank Facility 273,183 580,721
--------- ---------
--------- ---------

Shareholder's Equity 855,415 613,265
--------- ---------
--------- ---------

Total Assets 2,223,490 1,934,032
--------- ---------
--------- ---------


ABOUT NTG CLARITY NETWORKS INC

Established in 1992, NTG Clarity has been a leader in delivering network, IT and infrastructure solutions to telecommunications service providers. The Company has approximately 120 employees, of which over 100 have expertise in telecommunications and information technology. NTG Clarity's services are offered internationally, with offices and operations currently in Toronto and Cairo, Egypt.

The company has maintained a record of consistently 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.

FORWARD LOOKING INFORMATION

NTG Clarity's mission is to be the worlds' leading networking solutions company. Established in 1992, NTG Clarity is a Canadian leader in delivering networking, IT and network-enabled application software solutions to network service providers and large enterprises. More than 100 network professionals provide design, engineering, implementation, software development and security expertise to the industry's leading network service providers and enterprises. NTG Clarity's services are offered internationally, with offices and operations currently in Toronto and Cairo, Egypt.

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.

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

Contact Information