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BW: Thinkpath.com Inc. Finalizes Acquisition of Technical Training Firm ObjectArts Inc.

“Thinkpath.com Inc. (NASDAQ: ITST, BSE: ITI), a provider of IT
and engineering recruiting, consulting and recruitment technology,
today announced that the acquisition of ObjectArts Inc., a leading
technical training firm specializing in advanced Microsoft
technologies, was completed. Thinkpath recently changed its name
from IT Staffing Ltd. although the name change has not yet been
formally reflected on the the NASDAQ stock exchange.”

“In 1998, ObjectArts received Microsoft’s North American top
performer award for in-depth training. As part of Thinkpath,
ObjectArts is planning an immediate expansion of its broad range of
Microsoft training
, which includes Windows 2000, to
encompass training and certification in Java and Linux.

ObjectArts also brings knowledge management capabilities to
Thinkpath and will be adding Web-based training modules and a
facility for tracking and managing an employee knowledge base to
Thinkpath’s technology.”

“As part of Thinkpath’s growth strategies, the company plans to
immediately introduce its complete suite of service offerings,
which now includes IT and engineering recruiting, consulting,
technical training, and recruitment management technology, to its
clients and the clients of its newly acquired subsidiaries. The
company also intends to continue expanding its North American
office network and its service capabilities within its four key
service areas through further acquisitions.”


Press Release

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