Thinkpath Corporate Update
Friday June 18, 6:30 am ET
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