MONTREAL, QUEBEC--(Marketwired - Jan. 27, 2014) - Alphinat Inc. (TSX VENTURE:NPA) announces a profit for the quarter ended November 30, 2013.
Alphinat has continued to make strong headway into partnerships for enterprise license sales, OEM agreements as well as for launching SaaS services. We have seen significant uptake in sales with partners, with a growing number of installed clients in various geographies and industry sectors.
These efforts have resulted on Alphinat delivering its first production SmartGuide license in the Healthcare and Social Services industry for a provincial government agency in Canada.
During the quarter under review, Alphinat has assisted partners in the implementation of SmartGuide with various clients, thereby increasing the pool SmartGuide experts and delivery capabilities.
During the quarter under review, Alphinat has seen OEM sales by partner CSDC continue to progress with the addition of clients in the USA and in Canada. During the same period, SaaS sales by partner Vicrea has continued to increase at a steady pace.
We are pleased to report that this strategy has resulted in a net earnings for the 3-month period ended November 30, 2013 in the amount of $21,833 or $0.0004 per outstanding common share compared to a net loss of $108,371 or $0.002 per outstanding common share for the corresponding period in 2012. For the 3-month period ended November 30, 2013, the Company recorded total revenue of $480,135 compared to $183,280 for the same period in 2012.
Alphinat's financial statements and Management's Discussion and Analysis for the period ending August 31, 2013 can be found on SEDAR, at www.sedar.com.
Software for the Smart Enterprise™ 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 could also be 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.
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 ability to find subscribers in connection with the proposed debenture financing. This is only one of the 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. Unless required by law, 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.