MONTREAL, April 12 /CNW Telbec/ - The Company announces that it is
considering a private placement that could amount up to $1 million from its
newly appointed President and CEO, Luc Filiatreault (who would invest
$250,000) and from several current and proposed board members of the Company.
This planned investment, which would close within the next 30 days, would be
at a price of $0.65 per share and subject to standard closing conditions and
Following Mr. Filiatreault's appointment as President and CEO, the
Company's Board of Directors approved today the granting of 600,000 Nstein
stock options at a strike price of $0.65 per share and the agreement in
principle to grant additional stock options based upon performance.
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.
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For further information:
For further information: Nstein Technologies Inc.: Investor Relations:
Bruno Martel, Chief Financial Officer, Nstein Technologies Inc., (514)
908-5406, email@example.com; Media: Rina Marchand, Marketing Manager,
Nstein Technologies Inc., (514) 908-5406, firstname.lastname@example.org