Netvention Inc. Awarded a U.S. Patent for its Information Extraction & Aggregation Technologies

Montreal, Canada July 15, 2004 -- Netvention is proud to announce that it has been granted its first patent from the U.S. Patent and Trademark Office (U.S. patent No. 6,694,307). The patent, entitled "A System for Collecting Specific Information from Several Sources of Unstructured Digitized Data", relates directly to the information extraction and aggregation framework developed by Netvention. More specifically, the patent describes the application of information extraction techniques to multiple data sources and the process of relating the extracted information to assemble a coherent information record. "In a typical implementation, the system collects business-related information (e.g., sales lead information) from many pages on the Web, and combines and correlates this data to provide complete contact information", explains Benoit Julien, President of Netvention.

"We are very pleased to have been awarded our first patent", says Tarik Qahawish, Sales & Marketing Director. "Our extraction technology has proven to be extremely successful, having already compiled over 2 million business records and over 3 million executive contacts exclusively from corporate web sites", he adds.

About Netvention
Netvention® is a leading provider of services for finding, extracting and harvesting business information from the Web. Through its patented Netvention ExtractorTM, the company offers e-business lists and data extraction services to help companies get up-to-date sales lead information collected directly from the Web. The e-business profile on over 2 million North American businesses also provides a detailed description of their web presence (e.g. web hosting usage, e-commerce capabilities, web site size and complexity).

Journalists are invited to visit the Netvention website at: http://www.netvention.com.

For more information
Tarik Qahawish, Sales & Marketing Director (tqahawish@netvention.com)

Toll Free Phone: 1-877-WE-REACH (1-877-937-3224)




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