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Nstein Technologies Inc.

Nstein Technologies Negotiating to Acquire Alis Technologies

Montreal (ots/PRNewswire)

- Acquisition of Alis subject to the signature of final agreements
and  certain other conditions, as well as regulatory approval
Nstein Technologies Inc. (TSX-V: EIN) announced today that it is
negotiating the acquisition of Alis Technologies ("Alis"), a world
leader in multilingual information management software solutions that
help large  corporations and organizations ("Global 2000")
communicate more efficiently  in a multilingual environment and on
the Internet. Alis has over 50  customers, mainly in North America
and Europe. It is based in Montreal and  has offices in North America
and France.
                               Highlights
    -  The planned transaction is subject to certain conditions, including:
       an operational, financial and organizational restructuring completed
       of Alis, requiring an investment of approximately CAD$3.5 million by
       strategic Canadian and American partners.
    -  Upon closing of the transaction, Alis's new financial position will
       be characterized by CAD$2.7 million in cash, a net value of
       approximately CAD$2 million and expected revenue of CAD$4 million for
       the next 12 months for a forecast 15% profitability.
    -  Alis's only long-term liability at closing is expected to be
       CAD$750,000 in interest-free debt repayable over 10 years in annual
       instalments based on a percentage of the cash flow generated by
       Alis's activities.
    -  The planned transaction will enable Nstein to capitalize on a large
       portfolio of international customers consisting primarily of
       European and North American "Global 2000" companies.
    -  The planned transaction will also enable Nstein to capitalize on a
       sales force already working with major customers and skilled at
       selling Nstein solutions, and on internationally-recognized
       solutions that complement its own technology.
    -  Nstein considers the risks associated with integrating the
       commercial, legal, organizational, technological and administrative
       aspects of Alis to be minimized due to a detailed strategic plan
       involving all Nstein's senior management. Execution of the plan will
       be closely monitored on an ongoing basis.
The terms of the proposed agreement to acquire Alis Technologies
provide for Nstein to issue 35,185,185 common shares at CAD$0.27 per
share, subject  to voluntary escrow for a 24-month period. The
acquisition of Alis is subject  to the signature of final agreements
and certain conditions mentioned above,  as well as regulatory
approval.
Nstein Technologies is presently unable to confirm whether or not
this transaction will go ahead or whether it will go ahead in
accordance with the parameters presently being contemplated. Nstein
will issue a press release once the situation is clarified.
About Alis Technologies
Alis Technologies is a world leader in Multilingual Information
Management solutions integrated in large corporations and
organizations business processes. Alis helps businesses communicate
more effectively in multilingual business environments and on the
Internet. Whether for  consulting services, Web site or software
localization, professional or  automated translation (gisting), Alis
is your partner for your Multilingual  Information Management
Challenges. Alis provides solutions to partners and  customers such
as IBM, Rohm and Haas, GE Capital, Sister Cities  International,
Government of Canada, Suez, Pictet & Cie Banquiers,  Carrefour,
Ministry of Defence (France), Bombardier and Siemens. With  offices
in North America and Western Europe, its head office is located in
Montreal, Quebec. For more information, please visit: www.alis.com
About Nstein Technologies Inc.
Nstein Technologies, (TSX-V: EIN), an innovative software
development company, provides large corporations and organizations
with a Global Intelligent Information Management (GIIM) platform for
structured and unstructured multilingual data sources. This flexible
platform assimilates, organizes, analyzes (text mining), shares and
disseminates information essential to operational and decision-making
processes. Nstein's GIIM-based solutions provide decision-makers with
highly pertinent information and transform reactive decision-making
into a proactive and even predictive process. Nstein offers new
Business Intelligence (BI) solutions that create a new level of
global knowledge, accessible at any time, particularly suited to
e-publishing, finance, legal, government and homeland security
markets.  Nstein is based in Montreal, Canada with a customer-facing
presence in  Boston, San Francisco, Washington D.C. and New York.
More information is  available at www.nstein.com .
-    The TSX Venture Exchange does not accept responsibility for the
         adequacy or accuracy of this release.
    -    Any and all statement that may be prospective shall not be
         interpreted as such.

Contact:

For further information: Nstein Technologies Inc.: Investor
Relations: Bruno Martel, Finance Director, Nstein Technologies Inc.,
+1-(514)-908-5406, ext. 235, bruno.martel@nstein.com; François Kalos,
The Equicom Group Inc., +1-(514)-844-6054, fkalos@equicomgroup.com;
Media: Rina Marchand, Nstein Technologies Inc., +1-(514)-908-5406,
ext. 294, rina.marchand@nstein.com .