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Nstein Technologies Inc.

Nstein Technologies Announces Completion of Alis Technologies Acquisition

Montreal (ots/PRNewswire)

Highlights
  • Alis restructuring completed:
  • Mercury Partners and I.U.GO Ventures have invested approximately CDN$3.5 million in Alis on behalf of European and Canadian investors.
  • Alis has CDN$2.7 million in cash and a net value of CDN$2 million. Its only long-term liability is CDN$750,000 in debt repayable over 10 years in annual instalments based on a percentage of cash flow generated by Alis's activities.
  • Alis is expected to generate CDN$4 million in revenues over the next 12 months for a forecast 15% profitability.
  • Acquisition of Alis's large portfolio of international customers consisting primarily of European and North American Global 2000 companies.
  • Sales force already working with major customers and apt at selling Nstein solutions.
  • Issuance of 35,185,185 common shares of Nstein to Alis shareholders.
Nstein Technologies Inc. (TSX-V: EIN) announced today that it has
completed the acquisition of Alis Technologies ("Alis"), a world
leader in multilingual information management software solutions that
help large corporations and organisations ("Global 2000") communicate
more efficiently in a multilingual environment and on the Internet.
Alis has over 50 customers, mainly in North America and Europe.
"Nstein is proud to announce the acquisition of Alis Technologies,
a Canadian pioneer of automated translation solutions and
localisation," stated Mr. Mario Girard, Chairman and Chief Executive
Officer of Nstein Technologies. "This transaction marks a milestone
in the implementation of the acquisition strategy we introduced in
2004, providing us with a large portfolio of international customers,
an important asset in the deployment of our innovative solutions."
The Company confirmed that all conditions of the Alis Technologies
acquisition have been met to its full satisfaction, including the
investment of approximately CDN$3.5 million called for by the
restructuring plan. "I.U.GO Ventures and Mercury Partners will be
actively involved in facilitating Nstein's penetration of large
corporations and organisations worldwide, thanks to their vast
network of contacts," Mr. Girard added.
"This transaction will enable two cutting-edge technologies to be
integrated to address the significant demand in Europe and North
America for unstructured multilingual information management,"
indicated Mr. Rainer Busch, Managing Partner of Mercury Partners.
According to Mr. Christian Chagnon, Managing Partner and
Co-founder of I.U.GO Ventures, "This transaction is a landmark in the
consolidation of the large pool of expertise in the Montreal region,
allowing Nstein to establish an international hub for multilingual
unstructured information management, similar to the one we have in
the multimedia industry."
The acquisition also provides Nstein with access to a sales force
already working with major customers - particularly in Europe, where
Alis has a sales office (Paris) - and apt at selling the full range
of Nstein solutions. "Alis has demonstrated its leadership in an area
complementary to Nstein's, namely multilingual information management
and globalisation," said Mario Lapointe, Vice President, Sales at
Nstein Technologies and former Vice President, Sales and Marketing
for Alis. "The synergy of the platforms developed by Alis and Nstein
will lead to a highly strategic integration of our solutions at
multinationals and large organisations."
Mr. Claude Lemay, former Chairman of the Board of Alis, will act
as a consultant to Nstein and will be actively involved in business
development, primarily in Europe and the United States.
About I.U.GO Ventures
I.U.GO Ventures, a Montreal-based strategic venture "catalyst",
invests in technology companies around the world. I.U.GO Ventures is
committed to the development and deployment of technologies for
consumers and businesses. I.U.GO wants to join entrepreneurs to
connect ideas with their expertise, and shape the future. I.U.GO. is
able to leverage a network of entrepreneurs, corporations, and
industry experts to build world-class companies. (www.iugo.com)
About Mercury Partners
Mercury Partners is a private equity investment management firm
based in Geneva. It invests in private companies with good growth
potential, generally based in Europe or North America. It has
invested through venture capital funds in over 150 companies to date.
The companies in Mercury Partners' portfolio benefit from its
corporate development expertise and network.
About Nstein Technologies Inc.
Nstein Technologies, (TSX-V: EIN), an innovative software
development company, provides large corporations and organisations
with a Global Intelligent Information Management (GIIM) platform for
structured and unstructured multilingual data sources. This flexible
platform assimilates, organises, analyses (text mining), translates,
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.,
New York and Paris. 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:

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

Plus de actualités: Nstein Technologies Inc.
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  • 27.08.2004 – 15:57

    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 ...