Momentum to work with a world leader in Mine Management Technology

October 4, 2004 - Vancouver, BC –Momentum Technologies, a global provider of outsourced software development services, announced today that it has signed an agreement with a USA based leading provider of solutions for Mine Management and Control Systems.

The client offers a full line of products and software to meet the needs of both open pit and underground operations management. These products range from fully automated, total mine management and control systems using the latest high-precision global positioning systems for surface applications, to proven mining cycle control, monitoring, and identification systems for underground mines. The client has offices located in key world-mining markets across the globe.

Momentum’s strong presence and references in North America, as well as its Software Engineering Institute CMM Level 5 assessed Global Development Center in India, were key in clinching this deal for Momentum who will be working closely with the client’s Domain consultants and IT team.

“We’ve attracted leading companies from various domains as clients in USA and Canada and they have benefited from an outsourcing partnership with us,” said Pankaj Agarwal, CEO of Momentum Technologies. “Since we focus on the target segment of enterprise software product/applications, we have aligned our services and processes to meet the specific needs of such clients”.

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 with over 140 employees worldwide.

For more information please send an email at: northamerica@momentum-tech.com