Thursday, April 9, 2009

Technology Consulting Firm Burntsand Signs Services Contract and Announces Support Services Contract Extension Totaling $740,000

Burntsand Inc. (Burntsand) (TSX:BRT), a North American business consulting and technology services company, announced today the signing of a contract for consulting services valued at approximately $288,000 with a major health care client in North America. Burntsand has been engaged over the next nine months to provide services for the expansion of existing systems and infrastructure.

In addition, Burntsand announced today that the same client has also exercised an option to extend an existing contract for related messaging support services. The initial twelve month term of the contract expired March 31, 2009 and was valued at approximately $439,000. The extension announced today is for the twelve month term ending March 31, 2010 and is valued at approximately $452,000. Burntsand has provided the customer with an option to extend the term for an additional two year period, which would increase the contract value to $1.8 million.

"This new contract and extension of our support contract is an expansion of our relationship with this client and is a reflection of the commitment of Burntsand to the health care market." said Martin L. Glover, Burntsand CEO. "Our continued growth in this long term relationship is recognition of our focus on our customer's success and the customer's trust in Burntsand."

About Burntsand

Burntsand is a leader in the delivery of technology consulting services for customers with complex information processing and information management requirements in three practice areas - Enterprise Content Management, Collaboration and Service Management - aligned around our strategic partners, EMC, Microsoft and BMC. The Company delivers strategic design, technology architecture and custom application development through our proven Time-to-Value methodology, which mitigates business risk and speeds process improvements and returns. Headquartered in Toronto, Burntsand operates from locations across North America. The Company's shares (TSX: BRT) are traded on the Toronto Stock Exchange. Learn more about Burntsand at www.burntsand.com.

No comments: