Thinkpath Announces the Expansion of Engineering Services into Canada with the Win of Three New Contracts
TORONTO--Feb. 27, 2003--Thinkpath Inc., (OTCBB:THTHF), a market leader in Engineering Knowledge Management solutions, announced today that it has received an aggregate of over $500,000 in contracts from three new clients. Toyota Canada, ABB Canada and ATI Assembly Technologies Inc. have recently approved separate agreements based on a bidding and evaluation process resulting in the selection of Thinkpath's superior Engineering Management solutions.
Thinkpath's agreement with Toyota Canada of Cambridge, Ontario is an initial short-term contract that has the potential to expand into a longer-term service agreement for specific Engineering Knowledge Management solutions.
ABB Canada of Brampton, Ontario and ATI Assembly Technologies Inc. of Mississauga, Ontario have also both recently chosen Thinkpath for similar initial contracts for Engineering services.
"We are very pleased to introduce the expansion of our solutions in the Canadian market place with the win of three new contracts from Industry Leading companies," stated Declan French, Chairman and CEO of Thinkpath Inc. " We look forward to the opportunity of developing long-term working relationships with each of Toyota Canada, ABB Canada and ATI Assembly Technologies."
About Thinkpath Inc.
Thinkpath (OTCBB:THTHF - News) 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 252 employees in 6 offices across North America. Further information about the company, its services and products can be found at www.thinkpath.com.
About Toyota Canada
Toyota Canada Inc. (TCI) (www.toyota.ca) is the exclusive Canadian distributor of Toyota and Lexus vehicles, and Toyota lift trucks. Toyota Canada's head office is in Toronto, with regional offices in Vancouver, Calgary, Montreal and Halifax. TCI supports over 260 Toyota, Lexus and Toyota Industrial Equipment dealers in Canada with services that include training, marketing, environmental and customer satisfaction initiatives.
About ABB Ltd.
ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impacts. The ABB Group of companies operates in more than 100 countries and employs about 139,000 people.
ABB in Canada (www.abb.ca) employs 2,400 people in some 30 facilities. ABB primarily serves customers in the aerospace, automotive, food, mining and metals, pulp and paper, oil, gas and petrochemicals, as well as utilities (gas, water, electricity) markets.
About ATI Assembly Technologies Inc.
Our Group includes high quality companies capable to develop projects worldwide with the major manufacturing industries. Lessons learned developing different projects create a high level of expertise so by leveraging our wide know-how and technical knowledge we can provide you not just a solution but the best solution. For more information, please visit www.tbagroup.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.