Company / News & Events / Press Releases / 2008

2008-03-10

evolve24 signs contract with Nstein Technologies

Leading brand reputation provider to deploy Nstein’s Text Mining Engine

Montreal, Quebec, March 10, 2008 – Nstein Technologies Inc. www.nstein.com (TSX-V: EIN), a leader in online publishing solutions for newspapers, magazines and online content providers, announced the signing of a contract with evolve24, a leading brand reputation and risk management firm out of St. Louis, MO. Nstein’s Text Mining Engine (TME) will be used to help the organization manage and benefit from its growing volume of information.

“Automation has been an essential contributor to evolve24’s success—and augmenting our own proprietary solutions with Nstein’s TME will provide necessary efficiencies and accuracy in processing large amounts of information, including multilingual content, to serve the ever increasing and complex needs of our client base” said Anthony Sardella, CEO of evolve24. “Being committed to the validity of our own science-based methods, we value the rigor and testing behind the Nstein technology.”

According to Lawrence Goering, Managing Director at evolve24, “To meet our clients’ needs, we needed a tool set that provided both speed and accuracy, and we found Nstein’s capabilities to be best-of-breed.”

“We are thrilled that evolve has recognized Nstein’s vast knowledge of linguistics and semantic analysis and chosen us to play an important role in its information management process,” declared Luc Filiatreault, President and CEO of Nstein Technologies.

About Nstein Technologies Inc.

Nstein Technologies (TSX-V: EIN) develops and markets multilingual solutions that power online 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 and Text Mining Engine 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 will be included in the Company’s fourth quarter results (quarter ending December 31, 2007).
  • 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

Renmark Financial Communications Inc. :

Maurice Dagenais: mdagenais@renmarkfinancial.com
Bryan Neebar: bneebar@renmarkfinancial.com 
Tel.: (514) 939-3989
Fax: (514) 939-3717
www.renmarkfinancial.com