Alphinat Inc.
TSX VENTURE : NPA

Alphinat Inc.

July 28, 2015 19:47 ET

Alphinat Announces a Profit for Quarter Ended May 31, 2015

MONTREAL, QUEBEC--(Marketwired - July 28, 2015) - Alphinat Inc. (TSX VENTURE:NPA) announces its results for the quarter ended May 31, 2015.

During the quarter under review, Alphinat has focused its efforts on nurturing and expanding its distribution channels and on diversifying its geographic and industry sector presence.

Our sustained efforts with the Federal Government of Canada have been rewarded with a new SmartGuide license sale that is being delivered with one of our partners.

The quarter under review also saw Alphinat conclude the sale of a SmartGuide license sale with a Provincial liquor and gaming authority in Canada.

Over the last few months, our R&D efforts have been mainly focused on finalizing version 6 of SmartGuide (v6), which will ship in September. Initial demonstrations of v6 have been met with great interest by potential clients and partners. Improvements in usability and additions of native functionality further lower the technical barrier to be able to use SmartGuide while providing Alphinat with a larger market potential.

For the 3-month period ended May 31, 2015, the Company recorded total revenue of $477,492 compared to $516,287 for the same period in 2014. For the 3-month period ended May 31, operating expenses amounted to $365,150 in 2015 compared to $477,613 in 2014. Net earnings for the period ended May 31, 2015 amounted to $65,090 or $0.001 per outstanding common share compared to net earnings of $4,626 or $0.0001 per outstanding common share for the 3-month period ended May 31, 2014.

Alphinat's financial statements and Management's Discussion and Analysis for the quarter ending May 31, 2015 can be found on SEDAR, at www.sedar.com.

About Alphinat

Alphinat is the creator of SmartGuide®, a next generation application development and deployment productivity toolset providing agility to leverage existing IT assets and lower costs for a one-stop delivery tool of Web and mobile enterprise applications from any back-end system.

Alphinat has been appointed by technology company peers to associate member at the Smart Cities Council (www.smartcitiescouncil.com).

Alphinat technology is also used in the healthcare, banking, insurance, telecommunications and other sectors, in modernising, automating and rendering cost-effective a number of business processes at a fraction of the cost associated with conventional customized solutions. For more details about Alphinat or its software suite, please visit www.alphinat.com.

Forward-looking statements

Certain statements in this document, including those which express management's expectations or estimations with regard to the Company's future performance, constitute "forward-looking statements" as understood by applicable securities laws. Forward-looking statements are, of necessity, based on a certain number of estimates and hypotheses; while management considers these to be accurate at the time they are expressed, they are inherently subject to significant uncertainties and risks on the commercial, economic and competitive levels. We advise readers that these forward-looking statements are subject to risks, uncertainties, and other known and unknown factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. A number of factors could cause significant differences between actual results and those described in forward-looking statements. These include, but are not limited to, the Company's capacity to increase acceptance of its products on the market, and to penetrate new markets; the potential existence of defects or undetected problems in the Company's products; the Company's ability to manage its growth; the Company's ability to compete with others; potential commitments; maintaining the Company's intellectual property rights and defending against litigation putting those rights in question; the Company's reliance on the knowledge of its key personnel; and the Company's access to sufficient capital to finance its future needs. This is a partial and non-exhaustive list of factors that could bear on any of our forward-looking statements. Investors are advised to not rely unduly on the forward-looking statements. This advisory applies to all forward-looking statements, whether expressed orally or in writing, attributed to Alphinat or to any individual expressing them in the name of the Company. The Company is under no obligation to publicly update these forward-looking statements, whether to reflect new information, future events, or other circumstances. Risks and uncertainties that bear on the Company are described in greater detail in the Company's Annual Report.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Mr. Philippe Lecoq
    Chief Executive Officer
    Alphinat Inc.
    (514) 398-9799 ext 222