Thinkpath Announces New Defense Contract Worth $1 Million
TORONTO, Jun 16, 2004 (PRIMEZONE via COMTEX) -- Thinkpath, Inc. (THTHF) continued gathering a head of steam today as the company announced a new contract worth approximately US$1,000,000 with one of their leading defense contractor clients. The ramp-up for this project is already underway with the necessary resources and infrastructure being assembled and the hiring of several new design engineers and detailers in process.
"We are delighted to have received this award from a long-standing client with whom we have had a long-standing arrangement. Engineering and design solutions is the fastest growing sector of Thinkpath's business and we believe the opportunities for these services are extensive as demand continues to expand," stated Declan French, Chairman and CEO of Thinkpath Inc.
About Thinkpath
Thinkpath, Inc. is a global provider of Engineering Solutions in Engineering Knowledge Management, including Design, Analysis, FEA, Design/Build, On-site Support, Technical Publishing, and Consulting.
Further information about the company may be found at: (www.thinkpath.com).
TORONTO, June 18, 2004 (PRIMEZONE) -- Thinkpath, Inc. (OTC BB:THTHF.OB - News) announced today that it is continuing to aggressively move forward in all aspects of its business and operational processes in order to position the company for continued growth, increased revenue and profitability.
New and improved business processes and marketing initiatives include:
* Retention of New prospect Marketing of South Carolina to help
broaden client base through an intense telemarketing campaign
* Implemented a new web-based job costing and project management
system
* New General Manager in Cincinnati; new Sales Manager in Detroit
and a new Vice President, Engineering in Canada plus three new
sales staff
* New initiative to establish Forensic Engineering Consulting
practice based on our VP Engineering's track record in that
arena
* Renewed marketing push into Finite Element Analysis for same
reason
* In current negotiations to improve balance sheet and interest
obligations
* Second quarter financial results will show increasing revenues
and an increasing EBIT from operations
* Very healthy sales pipeline going into third quarter
* In current negotiations with prior landlord for amicable
settlement of its claim for rent arrears
maybe not a lot of shareholders out there?