Nstein announces the closing of $3-million private placement



    
    Highlights:

    -  Gesca Digital Investments Ltd confirms its $2-million private
       placement
    -  Nstein confirms the additional placement of $1 million from
       Nstein's employees and other investors, bringing the total of
       the transaction to $3 million
    

    MONTREAL, Sept. 27 /CNW Telbec/ - Nstein Technologies Inc. "Nstein"
(TSX-V: EIN), a leader in content management solutions for the publishing,
media and entertainment industries, today confirmed the closing of a
previously announced private placement. The Company issued 3 529 412 units at
a price of $0.85 each for gross proceeds of $3 million. Each unit consists of
one common share, one-half of one A-tranche share purchase warrant and
one-half of one B-tranche share purchase warrant. One whole A-tranche share
purchase warrant entitles its holder to purchase one additional common share
of Nstein's share capital at a price of $1.50. One whole B-tranche share
purchase warrant entitles its holder to purchase one additional common share
of Nstein's share capital at a price of $2.00. These share purchase warrants
are valid for three (3) years from the date of issue.
    The subscribers were Gesca Digital Investments Ltd, (a subsidiary of
Gesca Ltd) for $2 million and a group of 27 employees of the Company, along
with other investors, for $1 million. Among the group, certain insiders of
Nstein have contributed $316,551. The common shares issued and those
underlying the purchase warrants issued in connection with the investments are
subject to a four-month (4) hold period.
    The proceeds of these investments will be used to ramp up Nstein's
marketing efforts within the North American and European e-publishing markets.
This transaction is subject to final approval from the TSX Venture Exchange.

    About Gesca Digital Investments Ltd

    Gesca Digital Investments Ltd specializes in capital investments in new
media enterprises and the incubation of digital ventures. It plays an active
role in the development of the companies in which it invests. Gesca Digital
Investments Ltd is a subsidiary of Gesca Ltd, a media group and a wholly owned
subsidiary of Power Corporation of Canada (TSX: POW).

    About Nstein Technologies Inc.

    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 further information:

For further information: Investor Relations: Bruno Martel, Chief
Financial Officer, Nstein Technologies Inc., (514) 908-5406,
bruno.martel@nstein.com; Media Relations: Rina Marchand, Marketing Manager,
Nstein Technologies Inc., (514) 908-5406, rina.marchand@nstein.com; Caroline
Jamet, Vice-President, Communications, Gesca Digital Investments Ltd, (514)
285-7119, cjamet@lapresse.ca

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NSTEIN TECHNOLOGIES INC.

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