Minefinders Caps Off Breakout Year For Wellpoint In Mining Industry

CALGARY, Alberta, - WellPoint Systems Inc. (“WellPoint”) (TSX -V:WPS), the premier supplier of innovative software solutions to the energy sector, has announced a major contract with Minefinders Corporation Ltd. (“Minefinders”) (TSX:MFL). Under the terms of the agreement, WellPoint will implement a comprehensive financial and enterprise asset management solution. The agreement was signed just before the holiday season began and helped to put an exclamation point on the tremendous success that WellPoint experienced in the mining industry throughout 2005.

As they were able to do on many occasions over the course of the past year, the WellPoint team was able to prove to Minefinders that not only is the Dynamics AX (formerly Microsoft Axapta) technology an outstanding platform for integration but also that it is the exclusive foundation for a number of robust add-on modules that are optimized for the mining industry. These advantages, coupled with the fact that the WellPoint proposal was a very cost-effective alternative relative to other mining-oriented solutions, convinced the management team at Minefinders that Dynamics AX was the right solution for their business.

“Minefinders represents yet another highly successful, growth-oriented company that sees the advantages to investing in a technology that is both affordable and configurable to the unique needs of the mining industry,” says Tom Mawhinney, President of WellPoint Systems. “Having just scratched the surface of this dynamic industry in 2005, we are incredibly excited about the global prospects for our solution over the next twelve months.” WellPoint is one of Alberta’s fastest growing companies, with revenues up more than 500% over the last 5 years.