TORONTO, ONTARIO -- (Marketwired) -- 06/12/13 -- NTG Clarity Networks Inc., (TSX VENTURE: NCI) is pleased to announce that the Company has signed an agreement with Mi-World Mall Inc. to develop, host, support and maintain an end to end mobile commerce solution for use throughout the world. With the rapid adoption of smartphones, consumers are turning toward convenient, fast and low cost ways to find and buy the products they need and have them delivered to their homes. With the Mi-World mobile app solution, retailing is set to undergo the next logical transformation into the mobile app world. NTG would receive fees for its software. In addition, NTG will own 30% of Mi-World Mall Inc.
Mi-World will provide a niche state-of-the-art electronic mobile shopping mall on the smartphone and tablet. With the mobile commerce sales expected to reach $34 billion by 2015 in North America alone, Mi-World has built a strong business plan targeted to capture part of this market share in the growing mobile commerce business.
Mi-World has signed with several merchants and smart communities that have thousands of merchants ready to deliver products and services to customers.
NTG's utilizes the latest mobile app technology to support all platforms of smartphones and tablets including Android and iOS, and building mobile App on HTML5 and Hybrid development. NTG has completed the solution development and is progressing in testing and preparing for production release.
"We chose to partner with NTG Clarity because they have the technology and the experience with online commerce. They have strong mobile expertise and the outstanding system integration required to make our offering successful," said the Hon. Sinclair Stevens, Mi-World chairman.
"We are pleased to work with and invest in Mi-World. This partnership gives us the opportunity to be part of this fast growing market. We trust that our investment in the mobile solutions will open a new range of opportunities for NTG," said Ashraf Zaghloul, NTG Clarity's Chairman & CEO.
About Mi-World Mall Inc.
Mi-World (www.mi-world.ca) is a mobile virtual mall built for mobile devices that will bring together merchants in each community with consumers. In addition, Mi-World offers a unique loyalty program and can donate a percentage of its revenues to not-for-profit groups of the consumers' choice, to recognize the substantial contribution that these groups make to each community.
NTG Clarity (www.ntgclarity.com) is a leader in delivering network, telecom, IT, software solutions, BSS/OSS, Mobile App, M2M solutions to telecom operators, network service providers and medium/large enterprises. With offices and operations located in North America and internationally, and a professional team of more than 200 staff, NTG Clarity works in partnership with clients to provide a single source of design, documentation and implementation expertise on an outsourcing or consulting basis.
For more information and investor relations, contact:
QIS Capital Corp., Doren Quinton
(250) 377-1183 (FAX)
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OCTOBER 31, 2014
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