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News for 'THTHF' - (Thinkpath Inc. Acquires TBM Technologies Inc.)
TORONTO, ONTARIO, Jan 13, 2005 (CCNMatthews via COMTEX) -- Thinkpath Inc., (OTCBB:THTHF) a global provider of technological solutions and services in engineering knowledge management, today announced the acquisition of TBM Technologies Inc. (TBM). The TBM acquisition adds significant strategic technology capabilities to Thinkpath's suite of engineering services.
TBM, a Toronto based six-year-old, six-person company, is led by veteran engineering professionals Brian Shipston and Tom Goodfellow. Shipston and Goodfellow bring a combined 30 years of technical, managerial and training role experience in the engineering technology arena to the company. They join the ThinkPath management team as Senior Design Managers.
"We are ecstatic about the addition of the TBM team," said Alan McKim, ThinkPath Vice President of Engineering. "They bring extensive design knowledge (in CATIA, Solidworks, Unigraphics and IDEAS) that combined with Thinkpath's existing design capabilities and expertise in finite element and stress analysis, broadens our scope of client solutions."
"The addition of TBM to the ThinkPath team is synergistic," stated Declan French, President and CEO of Thinkpath Inc. "With our growing sales force and renewed marketing efforts TBM's solid technical experience aligns with our strategy. The acquisition expands our client offering and achieves $500,000 Cdn in revenue. Both contributions play an important role in achieving our goal of earning $18 million Cdn in sales this year."
About TBM Technologies Inc.
TBM Technologies provides engineering design and drafting expertise to companies requiring a quality product delivered on schedule. The TBM technologies team of experienced software specialists offers a wide range of CAD services including product design/ development, software methodology development, data translation and training. TBM has a wealth of design experience.
About Thinkpath Inc.
Thinkpath is a global provider of engineering solutions. The company's engineering and design services cover every facet of the project from concept to SLA prototyping to complete turnkey packages that deliver a finished, operating system. ThinkPath engineers handle the drafting, detailing and parametric modeling. They work in diverse engineering disciplines including aeronautical, civil, electrical, environmental, mechanical and structural engineering.
ThinkPath offers a variety of design solutions including: project management, engineering processes consulting, conceptual design, system simulation, complete detailing, including GD&T, reverse engineering, manufacturing consulting, product design, build capabilities, CMM/configuration management support, DOD training support, technical staffing, document management system & service, all CAD platforms and software support, ISO process driven and FEA.
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.
posted
Very good company but they can't seem to handle money very well. Lots of dilition. BAD CEO who loves to dilute shares and doesn't care for shareholders. This was my first penny stock back in January 2004 almost a year ago. Got at .0017 and it has slowly dropped to where it is today. Never doing much in movement but they kept adding more shares. If they do a R/S and stop diluting this might be worth something some day because they are a good company. New CEO would make a huge difference. Not saying it can't move just think you might try finding another .0001 with fewer shares. I won't put my money back in it.
But the worst thing of all that has turned off investors is they pump and dump. For those who own and don't want to take a lose, you might look for those Wall Street Alerts (paid pumper sites) or email pumps. It may play quickly when they run those but get out quick if it does. Its about time they pay for another pump.
Ric
[ January 13, 2005, 18:53: Message edited by: Ric ]
-------------------- Invest with your brain not with your heart.
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They might be a good company as far as what they do and who their clients are but it is about the most mismanaged company I have ever seen. Take a look at their filings, notice how they generate cash other than by selling stock? They finance their receivables at an annual interest rate of 30%. It's a company swirling around the edges of a whirpool and they will be sucked in sooner or later. They can dilute till their hearts content as their authorized amount is "unlimited". The plus side to that is that they might not reverse split their stock, unless of course they want to dilute at a higher price. Unless something drastic happens with this company it's going to stay right where it is now.
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Thinkpath Inc. Secures $1.9 Million US Defense Industry Contract Monday January 24, 7:00 am ET
TORONTO, Jan. 24, 2005 (PRIMEZONE) -- Thinkpath Inc. (OTC BB:THTHF.OB - News) 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. ADVERTISEMENT
``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.
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.
Contact:
Investor Relations Tracy McKay, Thinkpath Inc. (905) 460-3040 communications@thinkpath.com
DJ Thinkpath Files Non-Timely 10Q, Sees 1Q Net $50,000
WASHINGTON (Dow Jones)--Thinkpath Inc. (THTHF) said Tuesday that it expects net income of $50,000 for its first quarter ended March 31, and requested an extension to file its quarterly report with the Securities and Exchange Commission.
In the year-ago first quarter, the company posted a net loss of $790,000.
Thinkpath also said in the non-timely Form 10-Q that it expects first-quarter revenue of $3.59 million, compared with $3.06 million a year earlier.
The company said it was unable to file its report by the filing deadline because of "ministerial difficulties."
Thinkpath said it expects to file its quarterly report within five calendar days.
posted
I see this pop up on different boards and groups every 90-120 days. I have yet to see it do anything regardless of news but go down to .0001 and stay there.
My personal opinion and only that... Go buy some lottery tickets instead.
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any more DD?
