Bellevue, WA, January 10, 2004—Momentum Technologies, a global provider of outsourced software development services, announced today that it has signed an agreement with a leading interactive agency in USA. The parent company of the group has been ranked as the fastest growing technology company in Washington, USA during 2003.

“Momentum’s strength in processes, strong local presence in the Pacific Northwest and the cost benefits offered by working on the offshore model were the key reasons for its clinching this deal” said Ashim Narula, Momentum’s VP.

Compelled by the pressure to cut costs and compete globally, there is no turning back for the American companies on offshore outsourcing, according to a recent study published in Forbes. "Offshore outsourcing burst into the mainstream in 2003. Despite concerns in the US about unemployment and lost innovation, there is no turning back. The pressure on US companies to cut costs and compete globally is too compelling, Forbes said.

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.