Company’s growth and success in serving local firms highlighted in article

June 7, 2004, Vancouver, BC – Momentum Technologies, Inc. a global provider of outsourced software development services, announced today that the Vancouver Sun published a profile of the company and its co-founder Pankaj Agarwal.

The cover story in the business section of Vancouver Sun, focused on Momentum’s local presence and global delivery model which has proven to be successful in serving the needs of companies such as Intrawest, London Drugs, Class Software, Teekay Shipping and many others.? Momentum maintains a core group of project managers at its local offices in Vancouver, Calgary and Seattle and employs over 130 developers at their centre outside New Delhi.

CEO and founder Pankaj Agarwal noted that “Outsourcing has become recognized as a viable and cost-effective way for companies to focus on their core competencies while ensuring that its software developments and IT needs are being met.”

The article highlighted Momentum’s growth plans and the cost-savings of anywhere from 25 to 40% that most of their clients achieve by outsourcing projects to Momentum. Class Software, a long-time Momentum client was cited as example of a local firm that utilizes the services that Momentum provides. To view the full text of the article, click here.

About Vancouver Sun

The Vancouver Sun and The Province, the two major daily papers in British Columbia, are published by Pacific Newspaper Group Inc., a CanWest company. The Vancouver Sun has been a daily newspaper since 1912. The Province has been a daily since 1898. Both are award winners. The Vancouver Sun, a broadsheet, publishes daily except Sundays and selected holidays. The Province, a tabloid, publishes daily except Saturdays and selected holidays. For more information, visit www.vancouversun.com.

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 25%, 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 140 employees worldwide.

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

Email: farrah@techknow.ca