MONTREAL, March 27 /CNW Telbec/ - Nstein Technologies Inc. www.nstein.com
(TSX-V: EIN), a leader in online publishing solutions for newspapers,
magazines and online content providers, modifies its incentive plans and
grants stock options to some officers and employees.
Amendments to the Company's incentive plans
The Board of Directors has approved today amendments to the Stock Option
Plan, the Employee Share Purchase Plan, and the Deferred Share Units Plan. The
modifications, which notably intend to increase the number of shares that may
be issued under each of these plans, are subject to the approval of the TSX
Venture Exchange and ratification of the shareholders at the next Annual
Meeting. Thus, the Stock Option Plan sees the number of shares increased at
5,100,000 which represents 10% of all issued and outstanding shares (the
previous number was 3,143,000); the Employee Share Purchase Plan is now
constituted of 1,275,000 shares, which represents 2.5% of all issued and
outstanding shares (compared to 945,363); finally, the Deferred Share Units
Plan, which now allows the Directors to be compensated with shares, provides
that 1,275,000 shares, which represents 2.5% of all issued and outstanding
shares, may be issued under this plan. The other suggested modifications to
the Company's incentive plans are detailed in the Management Proxy Circular
which will be sent to the shareholders for the next Annual Meeting. These
amendments bring the total number of shares which may be issued under all
incentive plans of the Company to 7,650,000, representing 15% of all issued
and outstanding shares.
Stock Option Grants
The Board of Directors approved today the grant of 715,000 stock options
to some officers and employees of the Company at a price of $1.02 per share.
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.
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adequacy or accuracy of this release.
- Any statement that appears prospective shall not be interpreted as
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: Rina Marchand, Marketing Manager,
Nstein Technologies Inc., (514) 908-5406, email@example.com; Renmark
Financial Communications Inc.: Maurice Dagenais:
firstname.lastname@example.org; Josh Rivard: email@example.com,
(514) 939-3989, Fax: (514) 939-3717; www.renmarkfinancial.com