Québec City (Canada) - Although Nstein Technologies had projected raising a minimum $6 million of private financing in its initial offering, the company has surpassed all expectations, with an additional $4 million bringing the total contribution from private investors to $10 million at the rate of $1 per share.

Mario Girard, Chairman of the Board and David E. Allnutt, President and Chief Executive Officer of Nstein Technologies made the announcement today as they updated Nstein's situation regarding the private financing process, which has been completed over the past few days. As of June 27, Stein Technologies will be listed on the Montréal Exchange under the stock symbol EIN.

The transaction will enable Nstein Technologies to move forward with its marketing plans as well as to carry out the worldwide launch of the artificial language intelligence application technologies developed by the young Internet company.

"It was decided to increase the total subscription to $10 million to enable us to speed up the technological development of our products, Newsemailer.com being the principal product. The additional $4 million give us a better margin to manoeuvre and a broader comfort zone in an industry that demands great flexibility explained," Allnutt and Girard

BOARD OF DIRECTORS
Nstein's Technologies Board of Director of is chaired by Mario Girard and is comprised of the following members: Richard Drouin, Associate at McCarthy Tétrault ; Marc Dutil, President and CEO of Réseau Acier Plus of the Groupe Canam Manac ; Paul Gobeil, Vice-President of Métro ; Louis Massicotte, President and CEO of NET CRÉATION, Jacques Ménard, Chairman of the Board of BMO Nesbitt Burns and Bernard Verrault, Vice-President of Gespro Technologies.

Nstein Technologies launched the first Internet artificial intelligence language application in September 1999 at the Marché International du Multimédia (MIM), where carried off the MIM d'or for Business Solution of the Year, beating out at least thirty other countries. With linguistic ADN affording Nstein Technologies a significant technological advantage and exclusivity, the company is able to produce summaries of heretofore unequalled quality for Internet markets and large businesses.

"The short history of our company is the sum of technological firsts such as the summariser, the linguistic ADN and the first WAP business in France's history," stated the founding President of Nstein Technologies, Louis Massicotte. "We are very aware that our products inspire other companies to follow the trail that we are blazing, and we are very proud of that fact. It certainly confirms that our decision to devote so much energy to this new industry was more than justified," concluded Massicotte.

• 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 such.

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