News and Events

Nstein announces its financial results for the first quarter of 2007

2007-05-03

Highlights:

  • 85% increase in revenues compared to Q1 2006
  • 76% reduction in EBITDA loss
  • Consolidation of the Eurocortex acquisition
  • Stronger positioning in the e-publishing market

Montreal, Quebec, May 3, 2007 - Nstein Technologies Inc. (TSX-V: EIN) today announced its results for the first quarter of 2007.

Nstein's revenues for the first quarter of 2007 reached $3.8 million, an increase of 85% over the $2.1 million recorded a year earlier. Nstein posted a loss before financial expenses, income taxes on earnings, depreciation and amortization (EBITDA) of $0.2 million, compared to $0.8 million the year before, a reduction of 76%. The net loss amounted to $0.6 million or $0.02 per share, as opposed to $1.5 million or $0.08 per share for the first quarter of 2006.

"These results underscore Nstein's efforts in recent quarters to reinforce its positioning in the e-publishing market," said Luc Filiatreault, President and Chief Executive Officer of Nstein Technologies. "Nstein's Ntelligent Content Management (NCM) Suite responds to a definite need in the press and media industry to facilitate and accelerate the publication of content on all possible digital channels and to fully leverage these new revenue streams." 

Mr. Filiatreault added: "In the first quarter of 2007, Nstein consolidated its acquisition of the French company Eurocortex, which it initiated at the end of 2006. This was a strategic move in terms of the evolution of Nstein's content management solutions as well as the expansion of its European client base. As a result, Nstein is stepping up the marketing of its solutions, thereby strengthening its foothold in the e-publishing industry. Furthermore, the Company now owns a very impressive client portfolio. Agence France Presse, Groupe Hachette, Groupe Le Monde, Getty Images, ProQuest and Transcontinental Media are but a few of the prominent corporations that use our solutions daily."

"Nstein is determined to continue working toward the execution of its business plan and rapidly grow its market share in the promising e-publishing niche, while maintaining sound business practices," he concluded.

Furthermore, the Board of Directors approved today the granting of 150,000 stock options at a strike price of $0.73 per share to a member of the management team.

To see the complete version of the press release with financial tables, click here.

About Nstein Technologies

Nstein Technologies (TSX-V: EIN) develops and markets leading-edge content management software for the media, publishing and entertainment industries. Its Ntelligent Content Management Suite enables the centralization, enrichment and publication of textual and rich media assets using advanced text mining. Nstein helps publishers significantly increase their content monetization and reduce their operational costs through cross media publishing and multichannel delivery. Nstein is headquartered in Montreal, Canada, with offices in the USA 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 

Media

Rina Marchand
Marketing Manager
Nstein Technologies Inc.
Tel: 514 908-5406
rina.marchand@nstein.com