News and Events

Nstein's newly appointed CEO and board members to participate in a planned private placement

2007-04-12

Montreal (Quebec), April 12, 2007 - The Company announces that it is considering a private placement that could amount up to $1 million from its newly appointed President and CEO, Luc Filiatreault (who would invest $250,000) and from several current and proposed board members of the Company. This planned investment, which would close within the next 30 days, would be at a price of $0.65 per share and subject to standard closing conditions and regulatory approvals.

Following Mr. Filiatreault's appointment as President and CEO, the Company's Board of Directors approved today the granting of 600,000 Nstein stock options at a strike price of $0.65 per share and the agreement in principle to grant additional stock options based upon performance.

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