Thinkpath Receives Notice of Noncompliance From Nasdaq - Company to Request Hearing for Appeal -

    TORONTO--July 20, 2001--Thinkpath, Inc. , an IT and engineering services firm, announced today that the Nasdaq stock market has notified the Company that its common stock will be subject to delisting, pending the outcome of a hearing as described below.
    Thinkpath received a Nasdaq Staff Determination on July 20, 2001 indicating that the Company is not in compliance with the bid price requirements for continued listing, as set forth in Nasdaq's Marketplace Rule 4310(c)(8)(B).
    As permitted by Nasdaq, Thinkpath will request a hearing before a Nasdaq Listing Qualifications Panel to review the Staff Determination. There can be no assurances that the Panel will grant the Company's request for continued listing. The Company's stock will continue to be listed on Nasdaq pending the outcome of the hearing.

    About Thinkpath Inc.

    Thinkpath is a provider of IT & engineering services, offering a blended suite of outsourcing, recruiting, training and technology to enhance the resource performance of large and high-growth corporations. Thinkpath clients include Microsoft, General Motors, Goldman Sachs, and Cummins. Thinkpath has 500 employees in 18 offices across North America. Further information about the company, its services and products can be found at www.thinkpath.com.
    This press release contains certain forward-looking statements regarding Thinkpath.com Inc., its business prospects and results of operations that are subject to certain risks and uncertainties posed by many factors and events that could cause Thinkpath's actual business, prospects and results of operations to differ materially from those that may be anticipated by such forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by Thinkpath in this news release and other reports filed with the Securities and Exchange Commission that attempt to advise interested parties of the risks and factors that may affect Thinkpath's business.