MONTREAL, March 10 /CNW Telbec/ - 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.
- 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
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