Accolade awarded by Business in Vancouver.

Vancouver, BC, January 8, 2004—Momentum Technologies, a global provider of outsourced software development services, announced today that Pankaj Agarwal, the company's founder and CEO was named one of Business in Vancouver’s Top 40 Under 40. The list includes accomplished entrepreneurs, business people and professionals in Vancouver under the age of 40 years.

The award acknowledges the achievements made by these individuals in business, industry and recognizes the contribution made by them to the community. Pankaj exemplifies the focus, drive and ambition that all the selected recipients possess.? “I’m humbled to be included in a list with other business and community leaders who have considerable accomplishments,” said Pankaj Agarwal, CEO of Momentum Technologies.

Since launching the company in 2000, Pankaj has led the firm to secure strategic investment from CitiGroup, complete the requirements for Level V CMM Assessment, open offices in Seattle and Calgary and win customers including Class Software, Intrawest and London Drugs.

The complete list of 40 Under 40 Award recipients was included in the December 30 – January 5, 2004 issue of Business in Vancouver and can be viewed online at http://www.biv.com/40under40/#2003winners.

About Momentum

Momentum Technologies, Inc. specializes in Information Technology consulting focused on providing top quality offshore software services to companies who incorporate outsourcing as a key component of their business strategy. With Momentum's local presence and offshore software development acumen, clients benefit from a cost savings of over 40%, process driven development and reduced time-to-market. Founded in 1999 and privately held with CitiGroup as strategic investor, Momentum has their headquarters in Vancouver, BC and offices in the USA and Canada, including Calgary, with an additional 130 employees worldwide.

For further information, please contact:
Farah Jinha, Principal
TechKnow Communications Inc.
Tel. (604) 980-2448

Email: farrah@techknow.ca