TORONTO, Jan. 24, 2005 (PRIMEZONE) -- Thinkpath Inc. (OTCBB:THTHF) announced a $1.9 million US contract with a defense industry client today. "This is a very significant contract that solidifies our credibility in the military arena," said Declan French, Chairman and CEO of Thinkpath Inc.
"Traditionally, we have invested much of our energy attracting clients in the automotive sector," said French. "Although this sector is still an important part of our business, we have repositioned our strategic focus, devoting additional resources to the defense industry."
"This contract marks our success in the defense sector and confirms our long-term strategic focus. Thinkpath is on the fast track for accelerated growth," stated French. "We anticipate this announcement is the first of many to come over the next few months and years."
Thinkpath is a global provider of engineering solutions in engineering knowledge management, including design, analysis, FEA, design/build, onsite support, technical publishing, forensic engineering and consulting.
For further information about the company, visit us at: www.thinkpath.com.
Forward-Looking Statement
This press release contains 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.