Nstein Inks Strategic Sale With Interactive Business Research, Inc.

2001-10-01

Nstein-IBR alliance sets stage to lucrative Enterprise business information market

Montreal (Quebec), October 1, 2001 - Nstein Technologies Inc. "Nstein" (CDNX: EIN), a Montreal-based developer of innovative linguistic intelligence business solutions, announced the sale of its Nmedia ServerTM user license to the Los Angeles-based Interactive Business Research (IBR), a virtual service provider of business research tools and training to the corporate market.

This sale caps a strong finish to Nstein's third quarter, further confirming the company's sales penetration into the US market. This agreement follows Nstein's recent sale of the Nmedia Server license to the American Psychological Association (APA) on September 5th, 2001.

"IBR is building a Research Data Management System (RDMS) that incorporates a suite of new business research tools which enable the end-user to quickly find the right set of data sources and to cost-and-value-compare similar sources to get the best results," stated IBR's CEO, Bill Benjamin. "Computer-Aided Indexing (CAI) is a 'must have' for us. Nstein's solution will enable us to build a faster, more accurate proprietary search solution that delivers the exact information and on-line training requested to the end-user's desktop. Nstein's CAI technology does that better than any other solution we looked at."

"IBR's business model will re-shape the way business research and training are accessed and consumed " in a real time, highly efficient manner", explained Mario Girard, President and CEO of Nstein. "We are extremely pleased to be working on this project with IBR. Through this sale and our OEM agreement, Nstein is poised to expand into the Enterprise business information market, estimated to have 12 million users and annual sales worth approximately $42 billion." (Source: Simba Information)

About Nmedia Server

Nmedia Server is an intelligent Computer-Aided Indexing software platform that automatically categorizes, classifies and summarizes large volumes of unstructured text using Nstein's core Linguistic DNA™ technology. The tool is designed for the e-publishing market requiring CAI, a market estimated to be worth over US$1 billion by 2002 in North America alone.

About IBR

Having successfully founded and grown numerous highly successful businesses, including INVESTEXT, FIRST CALL and Benjamin-Cummings Publishing, Bill Benjamin's latest venture is Interactive Business Research, Inc. (IBR), a virtual service provider of business research tools and training with expertise on business data sources. IBR's mission is to substantially improve the business research process within corporations through analytical research training and value analysis of third-party research data sources. IBR has designed and will build a Research Data Management System (RDMS) that incorporates a suite of new business research tools which enable the end-user to quickly find the right set of data sources and to cost-and-value-compare similar sources to get the best results. The RDMS also supports research data budgeting and cost control; external and internal database aggregation; multi-level research training; and periodic auditing of third-party data providers. The Web-delivered training tutorials being developed by IBR provide practical research strategies and solutions that will cover 80 separate industries, 150 third-party data sources, 20 topical subjects such as competitive analysis, market research, etc., and research sources in 25 countries.

Nstein now listed on CDNX.

Following the transfer of small cap stock from the Montreal Stock Exchange to the Canadian Venture Exchange (CDNX) on Oct. 1, 2001, Nstein shares are now traded on CDNX under the "EIN" symbol.

About Nstein Technologies

Nstein Technologies is a public company listed on the Canadian Venture Exchange (CDNX). The company develops and markets innovative content management software solutions based on linguistic artificial intelligence. Nstein's software solutions automate time-consuming and complex tasks such as content classification as well as XML tagging and summarization. The company's Nserver products provide a revolutionary leap in effectiveness and cost reduction for e-publishers, portals, CRM solutions and e-marketplaces.

Nstein's intensive research in computational linguistics has resulted in Linguistic DNA™ technology'which combines the strengths of linguistic and statistical analysis (used by our competitors) with artificial intelligence. This resulting technology extracts meaning from even short, unstructured documents and organizes them with unparalleled precision and relevance. Nstein currently markets its technology to the e-publishing industry and is set to rollout new products for portals, e-marketplace and customer relationship management (CRM) solutions over the next two years. For further information on Nstein Technologies Inc., please visit www.nstein.com.

• The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
• Any statement that appears prospective shall not be interpreted as such.

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