Nstein provides more information about the CAN$10 million financing announced earlier today

2006-05-01

Montreal, Quebec, May 1, 2006 - Nstein Technologies Inc. "Nstein" (TSX-V: EIN) announced earlier today a projected financing of CAN$10 million. The following provides additional information about this transaction. Within the framework of this financing, it is foreseen that there will be a restructuring of certain of the conditions of the debt by convertible notes issued on October 12, 2005. The main amendment relates to the release of most security and restrictive covenants. In counterpart, the holders will see the initial conversion price of these notes modified from $0.14 to $0.085 per common share, reflecting the new $10 million financing's price per unit previously announced today. This debt restructuring is subject to the same customary closing conditions as the $10 million financing, as well as to final authorizations from the notes' holders and regulatory authorities. Moreover, the Company will ask its shareholders to approve this new conversion price at its upcoming Annual General and Special Meeting of the Shareholders, scheduled for May 23, 2006.

"The release of most of the security and restrictive covenants will give Nstein greater financial flexibility. This, combined with the new $10 million equity financing, will provide the Company with a powerful financial lever to execute its corporate development strategy", stated Robert Barakett, Executive Vice President and Chief Financial Officer of Nstein Technologies.

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 source, in real time. Nstein's text mining and multilingual information access 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 e-publishing and homeland security & intelligence 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

• 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.

###

For more information:

Nstein Technologies Inc.:
Investor Relations

Robert Barakett
Executive Vice-President and Chief Financial Officer
Nstein Technologies Inc.
Tel: 514 908-5406
robert.barakett@nstein.com