NTG Clarity Networks Inc. Announces a Joint Venture With Al Mozoon Group
Market Wire, February, 2009
NTG Clarity Networks Inc., (TSX VENTURE: NCI) a leader in delivering network, IT and infrastructure solutions, today announced that it has signed a Shareholders Agreement with Al Mozoon Group Architectural Contracting to open a Joint Venture company called NTG Clarity Arabia. The company will provide telecommunications and information technology consulting services and products in the Kingdom of Saudi Arabia.
"Al Mozoon and NTG have had a long and strong relationship for many years. This agreement is a natural extension to formalize the relationship," said Mr. Khaled F. Al Sadoun, President and CEO. "In addition to its proven track record in the Telecom and IT arena, the new Company will continue to innovate and grow, which will benefit current and future customers."
"This agreement is key to NTG's efforts to become a leading provider of Telecom and IT solutions in the Kingdom of Saudi Arabia," said Ashraf Zaghloul, Chairman and CEO of NTG. "We will invest the necessary resources to make NTG Clarity Arabia a leading service provider in KSA. Building on our long association with Al Mozoon, we look forward to creating an infrastructure that can address requirements, reliable professional services, complex solutions and mission critical environments that serve our customers in KSA."
NTG Clarity Arabia will combine Al Mozoon's extensive experience and relations in the KSA market with NTG's Telecom and IT solutions leadership, enabling the joint venture to become a leading provider of IT and Telecom solutions for customers of all sizes - from small businesses to large enterprises. Drawing on the combined strengths of Al Mozoon and NTG, the NTG Clarity Arabia company will be able to provide the best value through expanded research and development, a broader range of products and services, increased sales capabilities and a more comprehensive set of market offerings.
About Al Mozoon Group
Al Mozoon Group consists of various companies providing telecommunication, Information Technology, Defence, and Industrial services, since 1982, the group has played a major role in the development of various sectors and has implemented initiatives that make a qualitative difference in the development of Saudi Arabia. Management and staff experience has allowed Al Mozoon to establish relationships with some of the largest and most prestigious firms around the globe.
About NTG Clarity Networks
NTG Clarity Networks' vision is to be the world's leading networking solutions company. Established in 1992, NTG Clarity is a leader in Canada 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, Cairo, Saudi Arabia and Kuwait.
Contacts: NTG Clarity Networks Inc. Ashraf Zaghloul Chief Executive Officer and Chairman (905) 305-1325 (905) 752-0469 (FAX) Email: azaghloul@ntgclarity.com Website: www.ntgclarity.com
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