News and Events

Nstein Technologies announces clarification of previous press releases

2007-09-14

Montreal, Quebec, September 14, 2007 - At the request of the TSX Venture Exchange, Nstein Technologies Inc. (TSX-V: EIN), is providing further clarification regarding the following press releases issued on:

  • June 5, 2007, regarding the completion of an agreement with SOQUIJ;
  • June 18, 2007, regarding the completion of an agreement with Groupe La Dépêche du Midi;
  • June 27, 2007, regarding the completion of an agreement with Groupe La Provence;
  • July 17, 2007, regarding the completion of an agreement with Canoe.ca;
  • August 6, 2007, regarding the completion of an agreement with The Canadian Press;
  • August 21, 2007, regarding the completion of an agreement with Gesca Digital.

This clarification has been requested by the Exchange as the above press releases did not disclose the financial terms of the contracts. Without this information, it could have been difficult for the marketplace to place these contracts into context and assess their materiality to Nstein. The specific financial terms of the contracts could not be publicly disclosed since knowledge of these transaction terms could represent a significant loss of competitive advantage to the Company as competitors would gain access to its pricing model. In the opinion of the Company, the financial value of these contracts, on an individual basis, is not financially material to the affairs of the Company. Each of these agreements has been concluded in the normal course of business.

The Company believes that the disclosure of agreements by means of a press release is necessary to demonstrate the ability of the Company's technology to meet the requirements of its potential clients in the publishing, media and entertainment industries. Further, the completion of these types of agreements demonstrates the ongoing ability of the Company to capture an increasing share of this market and generate market acceptance for its products. The software license revenues resulting from the first five of these agreements have been included in the latest quarterly results published by the Company on August 9, 2007 (quarter ended June 30, 2007). The software license revenues resulting from the Gesca Digital contract will be included in the Company's third quarter results (quarter ending September 30, 2007).

About Nstein Technologies Inc.

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