Nstein welcomes Forrester's former research chief as advisor to the CEO

2004-12-21

Mr. Stuart Woodring's expertise with the research firm will considerably enhance Nstein's strategic planning for future growth

Montreal, Quebec, December 21, 2004 - Nstein Technologies Inc. (TSX-V: EIN), an emerging leader in new Business Intelligence (BI) solutions, announced today the appointment of Mr. Stuart Woodring as advisor to the CEO. Mr. Woodring's professional experience has focused on analyzing growth and opportunities in the technology markets.

In 2002, Mr. Woodring completed a successful 12-year career with Forrester Research, one of the leading technology research companies. During his time with Forrester, Mr. Woodring was instrumental in the growth of the company's research organization and launched numerous new research activities. He served on the company's executive team, worked to prepare the company for its IPO, managed the entire US research organization and championed the company's international expansion. During Mr. Woodring's employment with Forrester, the company grew from less than 10 employees to over 750, and its market capitalization rose to over $1 billion.

"Nstein is a great company that will grow dramatically over the next few years and I'm excited to be a part of its future," said Mr. Woodring. "Nstein has world-class technology that addresses a challenge that every company faces: how to make sense of huge amounts of unstructured data. The recent announcement at the UN of GPHIN (Global Public Health Intelligence Network) " that was built with Nstein's technology " is only the beginning. There are many ways we will package and commercialize Nstein's technology that will be very appealing to companies of all sizes."

Prior to joining Forrester Research, Mr. Woodring was an independent marketing and strategy consultant to the computer, communications and telecommunications industries. His earlier business experience includes corporate finance work with BankBoston (now Bank of America) and management consulting with Bain & Co., a leading strategy consulting firm.

"We are extremely pleased and proud that Mr. Woodring has agreed to work with us," stated Mr. Mario Girard, Chairman and Chief Executive Officer of Nstein Technologies. "His extensive knowledge about the technology markets and strategic planning will help us tremendously in becoming a leader in innovative BI solutions. Thanks to his exceptional network, Mr. Woodring should help us accelerate Nstein's commercialization in the United States. His appointment couldn't come at a better time."

About Nstein Technologies

Nstein Technologies, (TSX-V: EIN), an innovative software development company, provides large corporations and organizations with a Global Intelligent Information Management (GIIM) platform for structured and unstructured multilingual data sources. This flexible platform assimilates, organizes, analyzes (text mining), translates, shares and disseminates information essential to operational and decision-making processes. Nstein's GIIM-based solutions 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 a customer-facing presence in Boston, San Francisco, Washington D.C., New York and Paris. More information is available at www.nstein.com.

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