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To: Gilbert Drapeau who wrote (174)	1/25/2001 8:25:22 PM
From: Gilbert Drapeau	Read Replies (1) \| Respond to of 192

Mindready Reports Strong Fourth Quarter FY2000 Results MONTREAL, QUEBEC-- JANUARY 25, 2001 - 17:02 EST Revenues increase to $18.8 million, cash earnings increase to $1.8 million Mindready Solutions Inc., a leading supplier of test engineering and real-time communications solutions for the telecommunications, aerospace and multimedia industries today released its financial results for the fourth quarter ended December 31, 2000. Revenues for the current quarter totaled $18.8 million, as compared to $14.7 million for the previous quarter's results ended September 30, 2000 and $ 2.5 million for the fourth quarter of fiscal 1999. This represents an increase of 28% over revenues for the quarter ended September 30, 2000 and 652% over revenues for the corresponding quarter in fiscal 1999. Cash net earnings (earnings before goodwill amortization) stands at 10.3% of revenues or $1.8 million. For the year ended December 31, 2000, Mindready generated consolidated revenues of $46.0 million, representing an increase of 713% over the $5.7 million generated for the 13-month period ended December 31, 1999. Cash net earnings increased to $4.6 million or 10% of total revenues. "We are very pleased with these financial results," said Daniel Dussault, President and CEO of Mindready Solutions Inc. "I believe that our ability to successfully complete our initial public offering on the Toronto Stock Exchange on December 21, 2000, in spite of difficult market conditions, is a clear demonstration of the soundness of our business plan , based on strong profitable growth." "Mindready will continue in 2001 its growth strategy mainly focused on leveraging its privileged relationship with Nortel Networks as well as penetrating new vertical markets where our expertise is a rare skill. We intend to carry out our acquisition plan initiated in the last fiscal year by targeting companies that will allow us to continue our international expansion as well as our diversification strategy by developing relationships with world best known industry leaders." Mindready Solutions Inc. Mindready is a leading supplier of test engineering services and real-time communications solutions for embedded systems for the telecommunications, aerospace and multimedia industries. Recognized as a leader in IEEE-1394-based products, Mindready offers complete innovative solutions based on this technology. Mindready's expertise covers design and development of real-time applications, as well as complete test engineering solutions for complex embedded systems. Mindready's clients include Nortel Networks, Hewlett-Packard, WindRiver, Boeing, Fujitsu, Maxtor, Xerox and Texas Instruments. More information about Mindready and its products and services can be found at www.mindready.com.