News and Events

Financial Times Newssift.com Relies on Nstein to Power Text Mining

2009-06-22

TME indexes more than 80k articles daily, yields most relevant search results

Montreal, Quebec, June 22nd, 2009 - Nstein Technologies Inc., www.nstein.com (TSX-V: EIN), a leader in digital publishing solutions for newspapers, magazines, and online content providers, announced today that Newssift, a business insight tool launched by FT Search Inc., and an independent entity within the Financial Times Group, has launched its beta powered by Nstein's TME (Text Mining Engine).

Newssift provides business professionals access to a comprehensive database of millions of articles from thousands of global business news sources. A next generation vertical search tool, Newssift searches are based on meaning and relationships to enable business users to extract insight and discovery without the commercial clutter of traditional keyword search. To index and extract all entities (the people, places and organizations) of more than 80,000 articles a day, FT Search conducted an exhaustive evaluation of vendors, and chose Nstein because of both its technology and professional services group.

"Nstein proved that it had both the most robust technical solution -- and service professionals who were willing to work with enthusiasm to become an extension of the FT Search team," said Robin Johnson, CEO of Newssift. "Newssift is free and supported by advertising, and will plan to add a premium subscription service soon. We have a number of advertisers lined up to sponsor and are planning to deliver contextually matching ads to content " at a premium", stated Johnson.

"FT is the most recognized brand in financial information," said Luc Filiatreault, President and CEO of Nstein Technologies. "By creating a platform whereby they can aggregate financial news, categorize it and tag it, FT Search is poised to being a critical resource for those who value timely and relevant financial insight and information."

Nstein Technologies is the online provider of choice for many of the world's leading media companies, including: Financial Times, Cedrom-SNI, Hearst Newspapers, Reed Business Information, Scripps Network, Bonnier Corporation and Transcontinental Media.

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 online 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

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  • 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.
  • 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