TORONTO, April 25, 2005 (PRIMEZONE) -- Thinkpath Inc. (OTCBB:THTHF) today released the results of its Annual General Meeting of Shareholders held on Friday April 22, 2005, at the Company's head office. All five of the proposals put forth by the board were approved including the election of the Board of Directors for the ensuing year; the appointment of the Company's independent auditors; certain executive compensation; a reverse stock split of the Company's outstanding commons shares of 5,000 to 1; and, adoption of the Company's 2005 Stock Option Plan.
Notwithstanding the approval to execute a reverse stock split, management has decided to postpone a reverse split until it has consummated a deal to redeem all outstanding convertible debentures and warrants, which is currently being negotiated and anticipated to close within the next 30 days.
Thinkpath 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.
For More Information and Investor Relations Please Contact: Tracy McKay Thinkpath Inc. Tel: (905) 460-3040 Email: communications@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.