News and Events

Chronicle of Higher Education Moves Onto Nstein's Web Content Management Solution

2008-10-30

Nstein's WCM & TME Crucial to Providing New Products/Revenue Streams

Montreal, Quebec, October 30, 2008 - Nstein Technologies Inc. www.nstein.com (TSX-V: EIN), a leader in digital publishing solutions for newspapers, magazines, and online content providers, announced that The Chronicle of Higher Education has chosen Nstein Technologies WCM (Web Content Management) and TME (Text Mining Engine) to upgrade its entire editorial and web operations for its two publications.

Founded in 1966, The Chronicle of Higher Education provides news, information, and job listings for college and university faculty members and administrators. Its sister publication, The Chronicle of Philanthropy, founded in 1988, covers news of fund raising, donors, and charitable causes.

Always on the forefront of technology, The Chronicle first appeared on the Internet as a Gopher service in 1993, and then on the Web two years later, making it one of the very first papers to do either. The Chronicle of Philanthropy went online in 1997. The sites are operated by a home-grown system that has been in use since 1995. It now handles more than 1.5 million monthly visitors and provides the primary job board for higher education. Additionally, both sites offer daily, monthly, and annual subscriptions to premium content.

Although the sites are successful, The Chronicle has been seeking a new system that incorporates modern content-management techniques, eases the process of publishing on the Web, and expands the newspapers" Internet offerings, both for readers and for advertisers. Further, The Chronicle was eager to adopt Nstein's TME to automate tagging and associate relevant content with relevant job listings and other advertising. With Nstein's WCM 4, editors will have a streamlined back end that will allow them to create, modify and manage content from this system " and push content to any digital channel - including print, Web, email newsletters, or mobile.

"The attraction to Nstein was three-fold," said Phil Semas, Editor-in-Chief. "We loved the openness and flexibility of the CMS " this will allow us to continue adding new modules as technologies become available. The text mining will automatically tag content for us, allowing us to associate content. But, really, what was impressive is how Nstein tied the text mining into the CMS so that editors can see the suggested tags and associated stories. We're giving our editors and business managers an incredible tool that empowers them " without putting more work on their plates."

"The Chronicle is such a success story. With its early entry onto the Internet, it has been pushing the envelope, trying and perfecting new business models, and, as a result, literally owns the education and philanthropy markets," said Luc Filiatreault, President and CEO of Nstein Technologies. "By providing the Chronicle with this editorial-centric content management solution, Nstein will be enabling their very forward thinking editors with even more services to their loyal followers, and in turn drive more page views and more revenue."

Nstein Technologies is the online provider of choice for many of the world's leading media companies, including: Condé Nast, Reed Business Information, Transcontinental Media and ImpreMedia.

About Nstein Technologies Inc.

Nstein Technologies (TSX-V: EIN) develops and markets multilingual solutions that power digital publishing for the most prestigious newspapers, magazines, and content-driven organizations. Nstein's solutions generate new revenue opportunities and reduce operational costs by enabling the centralization, management and automated indexing of digital assets. Nstein partners with clients to design a complete digital strategy for success using publishing industry best practices for the implementation of its Web Content Management, Digital Asset Management, Text Mining Engine and Picture Management Desk products. www.nstein.com

  • The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
  • The financial value of the contract, on an individual basis, is not financially material to the affairs of Nstein Technologies Inc. The specific financial terms of the contracts can not be 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. 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 this contract were included in the Company's third quarter results (quarter ended September 30, 2008).
  • 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

David Crouy
Marketing Director
Nstein Technologies Inc
Tel: 514-908-5406
david.crouy@nstein.com