TORONTO, June 18, 2004 (PRIMEZONE) -- Thinkpath, Inc. (OTCBB:THTHF) 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
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, Forensic Engineering and Consulting.
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.