TORONTO, Jan. 21, 2004 (PRIMEZONE) -- Thinkpath Inc., (OTCBB:THTHF), a global provider of engineering solutions in engineering knowledge management, including design, build, on-site support, technical publishing, and consulting, announced a contract worth approximately US$2,000,000 with a leading global supplier of advanced automotive systems.
Thinkpath's agreement is a sole source agreement that has the potential to expand to a longer-term agreement for engineering support services.
"We are very pleased to further expand our solutions in the US and Canadian market place with the win of this contract from an industry leading company," stated Declan French, Chairman and CEO of Thinkpath Inc. "We look forward to the opportunity of growing our relationship with this rapidly growing organization and it bodes well for our prospects of having a profitable 2004."
Thinkpath further announced that its Letter of Intent with General Dynamics for a $2.6 mil project is now underway with some 25 design engineers already working on its implementation in their Detroit facility.
Further information about the company may be found 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.