Nstein Technologies announces the conclusion of KMtechnologies' acquisition

2004-06-10

Montreal, Quebec, June 10, 2004 - Nstein Technologies Inc. (TSX-V: EIN), an emerging leader in new Business Intelligence (BI) solutions, announced today that it officially concluded the acquisition of KMtechnologies, a Canadian software developer of web-based collaboration and document management solutions. The transaction was announced on April 22, 2004.

Pursuant to the KMtechnologies acquisition agreement, and having received the regulatory approvals, Nstein has issued 5,950,000 common shares at a price of $0.30 per share, the majority of which will be voluntary escrowed, as well as warrants to acquire an additional one million common shares at $0.40 per share for a 12-month period following the date of the transaction, and at $0.50 per share for an additional 12 months.

About KM Technologies

KMtechnologies develops and markets a collaborative software solution, Work2gether, which enables organizations to create, store, publish and process documents, forms, content and tasks. KMtechnologies' end-to-end Collaboration and Document Management solutions accelerate teamwork amongst employees, customers and partners that drive market opportunities, cost efficiencies and client relationships. KMtechnologies also provides professional consulting services, training and support to ensure client success.

About Nstein Technologies 

Nstein Technologies, (TSX-V: EIN), an innovative software development company, provides a Global Intelligent Information Management (GIIM) platform for large corporations and organizations. This flexible platform assimilates, organizes, analyses (text mining), shares and disseminates all information arising from structured and unstructured multilingual data sources and essential to operational and decision-making processes. Nstein solutions based on its GIIM platform provide decision-makers with highly pertinent information and transform reactive decision-making into a proactive and even predictive process. Nstein offers new Business Intelligence (BI) solutions that create a new level of global knowledge, accessible at any time, particularly suited to e-publishing, finance, legal, government and homeland security markets. Nstein is based in Montreal, Canada with customer-facing presence in Boston, San Francisco, Washington D.C. and New York, USA. For more information, please visit our website at 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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