SOURCE: Thinkpath, Inc.

July 10, 2007 10:57 ET

Thinkpath Awarded $2.4 Million Multi-Year Contract by Global Aerospace Company

Aggressive Marketing Strategy Aimed at Expanding Sales Within Broad Customer Base Of Global Clients; Leverage Expertise to Garner New Major Clients

TORONTO--(Marketwire - July 10, 2007) - Thinkpath, Inc. (OTCBB: THPHF), a global leader in engineering and design services, announced it has been awarded a multi-year contract with a major international aerospace company to provide a comprehensive range of technical writing services.

Bob Trick, Thinkpath's President and COO, stated, "We believe this contract is representative of a number of other important proposals we are working on, and hope to finalize going forward. This contract is yet another example of Thinkpath's aggressive marketing strategy taking hold in the engineering community. Our broad-base of engineering services, supported by our commitment and dedication to providing quality, on-time delivery, is recognized by existing and new customers across the broad array of substantial industries we serve."

"The closing of this important contract confirms the ongoing effectiveness of our updated sales and marketing strategy. Thinkpath is aggressively focused on a strategy to drive revenues, and margins. We are concurrently seeking to expand and grow the level of business within our 'Anchor Clients,' and leverage our core services and expertise to garner sales from other global corporations in the industries we now serve," said John Kennedy, VP Business Development and Strategic Planning.

Pursuant to this contract, Thinkpath will provide a dedicated team of professional technical writers to create a variety of technical manuals to include, but not limited to, Fault Isolation Diagrams, Flight and Component Manuals, Illustrated Parts Manuals/Books, and Maintenance Manuals.

About Thinkpath

Thinkpath, Inc. (OTCBB: THPHF) is a global provider of engineering design services and on-site engineering support. Customers include defense contractors, aerospace, logistics, healthcare, pharmaceutical and manufacturing companies, including Johnson and Johnson, Lockheed Martin, General Dynamics, Siemens, Federal Express, L-3 Communications, and Cummins Engines.

Thinkpath, positioned in growth industries, targets customers with growing revenues who require its specialized design services and engineering support. Thinkpath is poised to benefit from increased demand generated by these targeted industries, and customers, that increasingly rely on project engineering design and technical staffing services.

For over 25 years, Thinkpath has helped companies achieve success with design and engineering objectives from office design centers located in the US and Canada, and partner in India. Our vision is to build lasting partnerships with our clients by delivering cost effective, quality, project engineering services; thus allowing us national and international scope, a respected, public company and a significant player in the defense, medical devices, and material handling industries.

For further information click on www.thinkpath.com

SAFE HARBOR STATEMENT: Certain statements in this news release may constitute "forward-looking" statements within the meaning of section 21E of the Securities and Exchange Act of 1934. The Company believes that its expectations, as expressed in these statements are based on reasonable assumptions regarding the risks and uncertainties inherent in achieving those expectations. These statements are not, however, guarantees of future performance and actual results may differ materially. Some of the factors that may affect the forward-looking statements in this news release are the ability to grow our business, attract new or retain existing customers and/or professional staff, and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; quarterly reports on Forms 10-QSB; and any reports on Form 8-K. Thinkpath, Inc. takes no obligation to update or correct forward-looking statements.

Contact Information

  • Contact:
    Michael Dodge
    ROI Group LLP
    39 Broadway
    NY, NY 10006
    212.495.0744
    mdodge@roiny.com

    Thinkpath, Inc.
    Kelly Hankinson
    CFO
    416-622-5200

    THINKPATH, INC.
    201 Westcreek Blvd.
    Brampton, Ontario
    L6T 5S6 Canada
    TEL: 905-460-3040
    FAX: 905-460-3050