Nstein Technologies announces CFO's departure

2006-10-20

Robert Barakett to leave officially on November 30, 2006

Montreal, Quebec, October 20, 2006 - Nstein Technologies Inc. "Nstein" (TSX-V: EIN) today announced that Robert Barakett, its Executive Vice President and CFO, will be leaving the company. He will stay on until November 30 in order to complete certain projects and facilitate the transition. He will then be pursuing activities related to corporate finance and corporate development.

Mario Girard, Nstein's Chairman and CEO declared: "Robert's contribution was exceptional in providing Nstein a sound financial position. His well-rounded business experience, financial savvy and enthusiasm will certainly be missed. We sincerely thank him and wish him the very best in his future endeavors." Robert Barakett added: "It was a pleasure for me to serve this company. Nstein is now financially well positioned to develop its full potential. I would like to thank the Nstein team and all external collaborators for their help and support."

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 text mining and information access solutions transform reactive decision-making into a high-impact proactive and even predictive process. 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.

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For more information:

Nstein Technologies Inc.:
Investor Relations

Bruno Martel
Chief Financial Officer
Nstein Technologies Inc.
Tel: 514 908-5406
bruno.martel@nstein.com