Thinkpath Continues To Win New Business
TORONTO--Jan. 15, 2003--Thinkpath Inc., (OTCBB:THTHF), a market leader in Engineering Knowledge Management solutions, announced today that it has won recurring business with two existing clients totaling approximately US$1 million in revenue.As the IT and Engineering solutions provider of choice, Thinkpath has enjoyed a long-term working relationship with both clients, one a large defense contractor and the other a leading healthcare company.
"Recurring business has represented more than 40% of our revenue for the last 12 months," said Declan French, Chairman & Chief Executive Officer of Thinkpath Inc. "Thinkpath's dedication to ensuring the most innovative and advanced IT and Engineering Management solutions has proven to be a valuable competitive advantage within the market place. Many of our existing clients are Fortune 100 companies that have the ability to win multi-billion dollar contracts. Thinkpath's opportunity of winning future multi-million dollar contracts outsourced from these clients is very real."
About Thinkpath Inc.
Thinkpath (OTCBB:THTHF) is a global provider of technological solutions and services in engineering knowledge management including design, drafting, technical publishing, e-learning, technical training and staffing. Thinkpath enables corporations to reinvent themselves structurally; drive strategies of innovation, speed to market, globalization and focus in new and bold ways. We are experts in the aerospace, automotive, manufacturing and health care industries.
Headquartered in Toronto, Canada, Thinkpath has 330 employees in 6 offices across North America. Further information about the company, its services and products can be found at www.thinkpath.com.
------------------------------------------- For More Information and Investor Relations Please Contact: ------------------------------------------- Deborah Bayne Vantage Point Capital Tel: (905) 844-3748 or 800-580-4382 Email: vinfo@vantagepointcapital.com -------------------------------------------
Forward-looking Statements
This press release contains certain forward-looking statements regarding Thinkpath 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.