International information provider relies on Nstein's text mining to
categorize 300,000 scholarly assets weekly
MONTREAL, May 26 /CNW Telbec/ - 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 ProQuest has
purchased additional licenses of Nstein's TME (Text Mining Engine) modules.
ProQuest, a division of the Cambridge Information Group, creates
specialized information resources and technologies for libraries and
researchers worldwide. For the past five years, the company has used Nstein's
TME (Text Mining Engine) to assist in organizing, categorizing and writing
abstracts for a growing body of news, dissertations and academic papers.
Nstein allows the automation and standardization of these tasks so reducing
"In addition to improving the quality of our tagging, automating these
processes resulted in significant cost savings, which were channeled into
adding value to our product offerings," explained John Taylor, Vice President
of Product Development and Technology for ProQuest. "We increased the amount
of content aggregated from 700 journals to now nearly triple that. Further, we
created a stronger taxonomy to increase the depth of classification, allowing
end users to find the exact content they're looking for with greater precision
"The increase in assets along with the deep levels of classifications
help researchers get right to the information they need," said Luc
Filiatreault, Chief Executive Officer of Nstein Technologies. "We are proud of
Nstein's role in assisting ProQuest serve the user community."
Nstein Technologies is the digital solutions provider of choice for many
of the world's leading media companies, including: Financial Times, 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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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, 2008).
Any statement that appears prospective shall not be interpreted as such.
For further information:
For further information: Nstein Technologies Inc.: Investor Relations:
Bruno Martel, Chief Financial Officer, Nstein Technologies Inc., (514)
908-5406, firstname.lastname@example.org; Media: David Crouy, Marketing Director,
Nstein Technologies, Inc., (514) 908-5406, David.Crouy@nstein.com