MONTREAL, April 12 /CNW Telbec/ - The Board of Directors of Nstein
Technologies, "Nstein" (TSX-V: EIN), is pleased to announce the appointment of
Mr. Luc Filiatreault as President and Chief Executive Officer of the Company,
effective April 23, 2007.
Prior to joining Nstein, Luc Filiatreault worked in the Information
Technology industry for close to 20 years. In 2005, he received the
prestigious "Top 40 under 40" award presented by Toronto's Globe and Mail.
Mr. Filiatreault is co-founder of Informission Group, which grossed over
$100 million in sales in 2000 before being acquired by Quebecor in 2000. The
company was renamed Nurun and trades on the TSX under the symbol NUR.
Shortly after Quebecor's acquisition of Informission, Mr. Filiatreault
became President of BellZinc, a subsidiary of Bell Canada. During the two
years he was President, BellZinc became the #1 business portal in Canada. In
2002, Mr. Filiatreault incorporated NordTech Aerospace, a publicly-traded
aircraft maintenance, repair and overhaul company in Canada. Renamed ExelTech
Aerospace, the company - for which Mr. Filiatreault is still a director -
trades on the TSX-V under the symbol XLT.
In June 2006, Mr. Filiatreault decided to return to the Information
Technology industry as President and CEO of PG Mensys Information Systems, a
provider of computerized management solutions for municipalities. PG Mensys
was acquired by Harris Computer Systems in March of 2007.
"We are extremely pleased to recruit an individual of Luc's calibre to
take the helm of Nstein at this juncture. Luc has an enviable track record as
a sound businessperson in our industry. The qualities that have made him
successful in his diverse undertakings will be invaluable to us: a sustained
ability to deliver growth and profitability, a natural talent for convincing
executives of well-established organizations to trust his smaller organization
to deliver on mission-critical projects, and a strong ability to motivate and
energize a team towards a common mission," stated Marc Dutil, Chairman of the
Human Resources Committee.
"I am excited and honoured to join Nstein and be part of the team that
has developed content management business solutions now becoming the market
standard of the publishing industry, declared Mr. Filiatreault. Moreover, the
text mining technologies developed by Nstein over the years are core elements
of new types of web 2.0 applications with a primary focus on
consumer-generated media, such as blog content. With an ever increasing amount
of user-generated content, Nstein is well positioned to play an important role
in this new trend".
Mr. Filiatreault is a director of Nurun (since 2002), ExelTech Aerospace
(since 2002), and Optosecurity (since 2005), and he is the Chairman of the
Board of Inerlogic. As of April 23, 2007, he will replace Mario Girard as
director on the Board of Directors of Nstein, and current director
Mr. Michel Lozeau will replace Mario Girard as Chairman of the Board until
Nstein's Annual General Meeting scheduled for May 23, 2007. Mr. Filiatreault
graduated from Laval University (Quebec City) in Engineering Physics.
About Nstein Technologies
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.
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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 Marte, 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