MONTREAL, Sept. 14 /CNW Telbec/ - At the request of the TSX Venture
Exchange, Nstein Technologies Inc. (TSX-V: EIN), is providing further
clarification regarding the following press releases issued on:
1. June 5, 2007, regarding the completion of an agreement with SOQUIJ;
2. June 18, 2007, regarding the completion of an agreement with Groupe La
Dépêche du Midi;
3. June 27, 2007, regarding the completion of an agreement with Groupe La
4. July 17, 2007, regarding the completion of an agreement with Canoe.ca;
5. August 6, 2007, regarding the completion of an agreement with The
6. August 21, 2007, regarding the completion of an agreement with Gesca
This clarification has been requested by the Exchange as the above press
releases did not disclose the financial terms of the contracts. Without this
information, it could have been difficult for the marketplace to place these
contracts into context and assess their materiality to Nstein. The specific
financial terms of the contracts could not be publicly 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. In the opinion of the Company, the financial value of these
contracts, on an individual basis, is not financially material to the affairs
of the Company. Each of these agreements has been concluded in the normal
course of business.
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 the first five of these agreements have been
included in the latest quarterly results published by the Company on August 9,
2007 (quarter ended June 30, 2007). The software license revenues resulting
from the Gesca Digital contract will be included in the Company's third
quarter results (quarter ending September 30, 2007).
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
For further information:
For further information: 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