Nstein Technologies announces the appointment of Luc Filiatreault as its new President and CEO
2007-04-12
Montreal (Quebec), April 12, 2007 - The Board of Directors of Nstein Technologies, « Nstein » (TSX-V: EIN), is pleased to announce the appointment of Mr. Luc Filiatreault as President and Chief Executive Officer of the Company, effective April 23, 2007.
Prior to joining Nstein, Luc Filiatreault worked in the Information Technology industry for close to 20 years. In 2005, he received the prestigious "Top 40 under 40" award presented by Toronto's Globe and Mail. Mr. Filiatreault is co-founder of Informission Group, which grossed over $100 million in sales before being acquired by Quebecor in 2000. The company was renamed Nurun and trades on the TSX under the symbol NUR.
Shortly after Quebecor's acquisition of Informission, Mr. Filiatreault became President of BellZinc, a subsidiary of Bell Canada. During the two years he was President, BellZinc became the #1 business portal in Canada. In 2002, Mr. Filiatreault incorporated NordTech Aerospace, a publicly-traded aircraft maintenance, repair and overhaul company in Canada. Renamed ExelTech Aerospace, the company " for which Mr. Filiatreault is still a director " trades on the TSX-V under the symbol XLT.
In June 2006, Mr. Filiatreault decided to return to the Information Technology industry as President and CEO of PG Mensys Information Systems, a provider of computerized management solutions for municipalities. PG Mensys was acquired by Harris Computer Systems in March of 2007.
"We are extremely pleased to recruit an individual of Luc's calibre to take the helm of Nstein at this juncture. Luc has an enviable track record as a sound businessperson in our industry. The qualities that have made him successful in his diverse undertakings will be invaluable to us: a sustained ability to deliver growth and profitability, a natural talent for convincing executives of well-established organizations to trust his smaller organization to deliver on mission-critical projects, and a strong ability to motivate and energize a team towards a common mission," stated Marc Dutil, Chairman of the Human Resources Committee.
"I am excited and honoured to join Nstein and be part of the team that has developed content management business solutions now becoming the market standard of the publishing industry, declared Mr. Filiatreault. Moreover, the text mining technologies developed by Nstein over the years are core elements of new types of web 2.0 applications with a primary focus on consumer-generated media, such as blog content. With an ever increasing amount of user-generated content, Nstein is well positioned to play an important role in this new trend".
Mr. Filiatreault is a director of Nurun (since 2002), ExelTech Aerospace (since 2002), and Optosecurity (since 2005), and he is the Chairman of the Board of Inerlogic. As of April 23, 2007, he will replace Mario Girard as director on the Board of Directors of Nstein, and current director Mr. Michel Lozeau will replace Mario Girard as Chairman of the Board until Nstein's Annual General Meeting scheduled for May 23, 2007. Mr. Filiatreault graduated from Laval University (Quebec City) in Engineering Physics.
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
Rina Marchand
Marketing Manager
Nstein Technologies Inc.
Tel: 514 908-5406
rina.marchand@nstein.com
