NTG Awarded A Multi Year Contract To Build And Operate A Financial Clearing House Service For Mobile Roaming Subscribers In The Middle East Gulf States Region.Business Editors/High-Tech Writers TORONTO--(BUSINESS WIRE)--June 18, 2003 NTG NTG Nederlandstalige Tex Gebruikersgroep (Dutch TeX users group) NTG Norges Toppidrettsgymnas NTG Nitroglycerine NTG Normal Tension Glaucoma NTG NATO Training Group NTG Not This Group (Usenet) Clarity Networks Inc., announces that it has been awarded a contract by INTERLINK INTERLINK - A commercial product comprising hardware and software for file transfer between IBM and VAX computers. , through its strategic marketing partner in Kuwait, Middle East Digital Communications Transmitting text, voice and video in binary form. See communications. (MEDCOMM Systems), to design, build and operate a financial clearinghouse for roaming settlement that will allow subscribers to purchase services and "top up" their accounts across multiple GSM based networks in the Middle East Gulf States region. In the Middle East market where more than 70% of the mobile subscribers have prepaid accounts, NTG's solution will make it easier for customers to buy services directly from their mobile phones via an IVR (Interactive Voice Response) An automated telephone information system that speaks to the caller with a combination of fixed voice menus and data extracted from databases in real time. and a secure web portal See portal. . For the first time, prepaid subscribers will have a more convenient roaming capability and be able to "top up" their accounts and purchase new services across multiple participating networks in the Gulf States region. When fully operational, the Clearing House will streamline settlement processes and data collection cycles, facilitate the roaming of prepaid phones, provide online processing of billing data and manage roaming data traffic and data services. "We chose NTG as a strategic partner because of their strong expertise in designing and integrating networks and developing network-based applications", said Naser Karmi, Managing Director of MEDCOMM Systems. "We were particularly impressed with the speed at which NTG can bring such a complex solution to market and their ability to provide full support in the Middle East." "This contract substantiates NTG's growth strategy in pursuing international opportunities that capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the company's extensive networking, telecom and software development expertise", commented Ashraf Zaghloul, NTG Clarity's Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Our Roaming Subscriber Clearing House solution demonstrates NTG's vision in delivering world-class technology solutions that provide a high return on investment for our customers and enable them to offer added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:
The first phase of the multi phase rollout will be launched within 90 days to mobile subscribers in Kuwait. The contract is valued at approximately $1M USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. plus annual support fees and a revenue sharing revenue sharing Funding arrangement in which one government unit grants a portion of its tax income to another government unit. For example, provinces or states may share revenue with local governments, or national governments may share revenue with provinces or states. agreement that gives NTG access to a percentage of the revenues generated from settlement and clearinghouse fees. About NTG Clarity Networks Established in 1992, NTG Clarity has been a leader in delivering network, IT and infrastructure solutions to network service providers and large enterprises. More than 180 network professionals provide design, documentation, implementation 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, Calgary, Vancouver, Montreal, Chicago and Cairo. For more information contact: Ashraf Zaghloul, Chief Executive Officer and Chairman NTG Clarity Networks Inc., Telephone: (905) 305-1325 Facsimile: (905) 305-8993 Email: azaghloul@ntgclarity.com http://www.ntgclarity.com About MEDCOMM Systems Middle East Digital Communications was established and incorporated in 2001 as a Regional Consultancy Company and a Think Tank that caters for Telecommunication services. MEDCOMM was established by senior staff members with prior IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) development and strategic business development area. The company has an established presence in the telecommunication services in Kuwait and the Middle East, by taking several projects and by continuing to improve its impact on its customers and the industry, the company expanded to Qatar and Lebanon. As a regional consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a that specializes in building and maintaining intangible assets Intangible Asset An asset that is not physical in nature. Notes: Examples are things like copyrights, patents, intellectual property, and goodwill. These are the opposite of tangible assets. to utilize the untapped value of organizations, MEDCOMM continues to be at the forefront of developing new approaches and techniques in this area. MEDCOMM's success is attributed to its approach. MEDCOMM's approach to strategic consulting marries strategic rigor rigor /rig·or/ (rig´er) [L.] chill; rigidity. rigor mor´tis the stiffening of a dead body accompanying depletion of adenosine triphosphate in the muscle fibers. with creative problem-solving to generate unexpected solutions. We are passionate about branding and how it can shape our client's business. MEDCOMM's role with customers is focused on the following: -- To devise, develop and deploy strategic business development plans -- To create a regional profile for its customer -- To direct and lead new business development throughout the lifecycle of activity -- Build and extend where required, business relationships/partnerships to ensure MEDCOMM's client and its customer needs are addressed. -- Undertake where necessary the management of change to ensure optimum effectiveness of process and marketing effort. -- Direct the client resources to secure 'Must win' opportunities. For more information on MEDCOMM please contact Naser Karmi Managing Director Middle East Digital Communications Kuwait Chamber of Commerce and Industry Building 4th Floor - South Wing P.O. Box 16 Souk Dakhili - 15251 Kuwait Office: +965-2469889 , +965-2465995 Fax: +965-2467557 Mobile: +965-9445550 Satellite: +881631013219 karmi@medcomm-systems.com About Interlink INTERLINK is a new company that was established with the vision to provide the first pan Arab financial and data clearing services for the Telecom operators in the region. INTERLINK is owned by AL-NAFISI Group and MEDCOMM. |
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