Northcore Announces Launch of New Customer Web Platform for the Grenville Mutual Insurance Company

As previously announced, Northcore has acquired Envision, an Ottawa based software development company. Envision has been one of the most respected boutique solutions providers in the National Capital Area for over a decade and brings a complementary product and skill set to Northcore.

The customer, Grenville Mutual Insurance (“GMI”), provides home, auto, farm and vehicle insurance to customers across Eastern Ontario. In operation for over 100 years, GMI is owned by its policy holders and has an enviable record of community involvement.

“The evolution to our new web presence was complex, and required great creative, collaborative and time management skills,” said Ross Lincoln, President and CEO of Grenville Mutual Insurance. “This was handled flawlessly by the entire team at Envision. Their professionalism and creativity was evident from the beginning and being able to work in harmony with our existing team was vital to us. Envision was a great decision, now and into the future.”

“I am pleased to welcome Grenville Mutual to our growing list of clients,” said Amit Monga, CEO of Northcore Technologies. “Congratulations to the team at Envision for delivering another great product. They are clearly becoming a leader in the creation and deployment of comprehensive Content Management Systems.”

Northcore develops solutions to support the evolving needs of industry and provides comprehensive platforms for the management of capital equipment and the implementation of Social Commerce business models. These products are proven, effective and in use by some of the world’s most successful corporations.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

About Northcore Technologies Inc.

Northcore Technologies provides enterprise level software products and services that enable its customers to purchase, manage and dispose of capital equipment. Utilizing award-winning, multi-patented technology, as well as powerful, holistic Social Commerce tools, Northcore’s solutions support customers throughout the entire asset lifecycle.

Northcore’s portfolio companies include Envision Online Media Inc., a specialist in the delivery of content management solutions and Kuklamoo, a family information web destination and national daily deal site targeting families with kids.

Northcore owns 50 percent of GE Asset Manager, LLC, a joint business venture with GE and holds a substantial intellectual property portfolio.