Nstein Technologies appoints Mr. Robert Barakett as its new Executive Vice-President and Chief Financial Officer

2005-05-18

Montreal, Quebec, May 18, 2005 - Nstein Technologies Inc. "Nstein" (TSX-V: EIN) today announced the appointment of Mr. Robert Barakett as the Company's new Executive Vice-President and Chief Financial Officer. Mr. Barakett will assume his duties starting June 6, 2005.

"Mr. Barakett has well-rounded experience in business and has successfully led multiple complex public and private transactions involving mergers and acquisitions, corporate financing, and equity financing in an international environment," declared Mr. Mario Girard, Chairman and Chief Executive Officer of Nstein. He added: "He is also recognized for his strategic vision, which was valued during the two years he served on the Company's board. The addition of Mr. Barakett to the executive team solidifies Nstein's plan to pursue and consolidate its relationship with its shareholders and the financial markets. His knowledge of the financial and IT markets will help speed the achievement of Nstein's goals and will undoubtedly be an important asset in Nstein's success."

During the course of his career, Mr. Barakett has worked for both corporate and institutional entities. His last position was with CDP Capital as Investment Director. He previously acted as Investment Director for the Solidarity Fund QFL (with assets of $5.5 billion) where he managed a team of venture capital professionals and a portfolio exceeding $300 million. He has also held the position of Director of Finance and Treasury for Saputo Inc., a major public food company, where he was instrumental in the initiation, negotiation, and execution of various M&A and financing deals totalling more than $1.5 billion. Prior to this, Mr. Barakett held corporate banking positions for 8 years with the National Bank of Canada and Bank of Montreal.

Mr. Barakett has served on the boards of various companies and numerous audit, HR, and corporate governance committees, including Nstein's board from 2002 to 2004. He holds an MBA from l'École des Hautes Études Commerciales (HEC-Montreal) and a BBA from Université du Québec à Montréal.
As part of Mr. Barakett's remuneration plan, the board of directors has approved the granting of 2,000,000 options on Nstein shares at the price of $0.20 per share.

About Nstein Technologies

Nstein Technologies (TSX-V: EIN) develops and markets leading edge software solutions for analyzing vast amounts of unstructured data in virtually all languages. Nstein's linguistic based platform collects, organizes, analyzes, cross examines, shares and translates data from any sources, in real time. Nstein's solutions transform reactive decision making into a high impact proactive and even predictive process, and solve mission critical problems. Nstein has developed tailored solutions for clients in homeland security & intelligence and e publishing markets, as well as for large enterprises and government organizations. The Company is headquartered in Montreal, Canada, with offices in the United States and Europe. More information is available at www.nstein.com

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For more information:

Nstein Technologies Inc.:
Investor Relations

Bruno Martel
Finance Director
Nstein Technologies Inc.
Tel: 514 908-5406
bruno.martel@nstein.com