Citing Triple Growth, ProQuest Extends Partnership with Nstein

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International information provider relies on Nstein’s text mining to categorize 300,000 scholarly assets weekly.

MONTREAL, May 26, 2009– Nstein Technologies Inc.,www.nstein.com(TSX-V: EIN), a leader in digital publishing solutions for newspapers, magazines, and online content providers, announced today that ProQuest has purchased additional licenses of Nstein’s TME (Text Mining Engine) modules.

ProQuest, a division of the Cambridge Information Group, creates specialized information resources and technologies for libraries and researchers worldwide. For the past five years, the company has used Nstein’s TME (Text Mining Engine) to assist in organizing, categorizing and writing abstracts for a growing body of news, dissertations and academic papers. Nstein allows the automation and standardization of these tasks so reducing Editorial involvement.

“In addition to improving the quality of our tagging, automating these processes resulted in significant cost savings, which were channeled into adding value to our product offerings,” explained John Taylor, Vice President of Product Development and Technology for ProQuest. “We increased the amount of content aggregated from 700 journals to now nearly triple that. Further, we created a stronger taxonomy to increase the depth of classification, allowing end users to find the exact content they’re looking for with greater precision and speed.”

“The increase in assets along with the deep levels of classifications help researchers get right to the information they need,” said Luc Filiatreault, Chief Executive Officer of Nstein Technologies. “We are proud of Nstein’s role in assisting ProQuest serve the user community.”

Nstein Technologies is the digital solutions provider of choice for many of the world’s leading media companies, including: Financial Times, Hearst Newspapers, Reed Business Information, Scripps Network, Bonnier Corporation and Transcontinental Media.

About Nstein Technologies Inc.

Nstein Technologies (TSX-V: EIN) develops and markets multilingual solutions that power digital 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, Text Mining Engine and Picture Management Desk products.  www.nstein.com

  • 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, 2008).
  • Any statement that appears prospective shall not be interpreted as such.

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For more information:

Nstein Technologies Inc.:

Investor Relations

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




bruno.martel@nstein.com

Media

David Crouy
Marketing Director
Nstein Technologies, Inc
Tel: 514-908-5406




david.crouy@nstein.com

News Source : Citing Triple Growth, ProQuest Extends Partnership with Nstein


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