MONTREAL, QUEBEC - Nstein Technologies Inc. (the “Company”) (TSX-V: EIN), a leader in online publishing solutions for newspapers, magazines and online content providers, is pleased to confirm today the closing of its previously announced bought deal private placement of 8,000,000 special warrants at a price of $1.00 per special warrant, for aggregate gross proceeds of $8,000,000 (the “Offering”). The Offering was made through a syndicate of underwriters led by Desjardins Securities Inc. and including TD Securities Inc. and Jennings Capital Inc. (collectively, the “Underwriters”).

Each special warrant entitles the holder thereof to receive one common share of the Company on the exercise or deemed exercise of the special warrant. The special warrants are exercisable by the holder in whole or in part at any time after the closing of the Offering (the “Closing”) for no additional consideration and all unexercised special warrants will be deemed to be exercised on the earlier of (a) four (4) months and a day following the Closing, and (b) that day which is three business days after a receipt is issued by the securities regulatory authorities in Canada for a final prospectus qualifying the common shares to be issued upon the exercise of the special warrants. The Company shall use its reasonable best efforts to obtain such receipt for a final prospectus within the next 90 days, otherwise, each special warrant will entitle its holder to acquire one common share and an additional 0.1 of a common share without further payment. Until the receipt is issued for the final prospectus, the special warrants as well as the common shares issuable upon exercise thereof are subject to a 4-month hold period under applicable Canadian securities laws.

Nstein Technologies Inc. will use the net proceeds of the Offering to accelerate the deployment of the required infrastructure to better serve its fast growing number of clients and develop the channel partner network to continue its growth, for working capital purposes and for potential acquisitions. The Underwriters have received compensation comprised of a cash fee equal to 354,000$ and 354,000 broker warrants, each entitling its holder to acquire one special warrant or one common share at the price of $1.00 for a period of 2 years from the Closing date.

The following insiders of the Company have purchased a total of 2,000,000 special warrants: JLA Ventures, Mr. Luc Filiatreault and Mr. André Courtemanche (via VIAVAR Capital Inc., a company controlled by him). Those insiders have purchased the special warrants for investment purposes only and said purchases will not materially affect control of the Company. Consequently, the Offering may be deemed to constitute a related party transaction pursuant to securities laws.

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. www.nstein.com

For more information:

Nstein Technologies Inc.:
Investor Relations

Bruno Martel
Chief Financial Officer
Nstein Technologies Inc.
Tel: 514 908-5406
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