Alphinat Inc.

TSX VENTURE : NPA


Alphinat Inc.

March 05, 2014 17:00 ET

Alphinat Announces the Appointment of Mr. Marcel Cote and Mr. Ed Shepherdson to its Board of Directors and the Grant of Options to Directors

MONTREAL, QUEBEC--(Marketwired - March 5, 2014) - Alphinat Inc. (TSX VENTURE:NPA) announces the appointment of Mr Marcel Côté and Mr Ed Shepherdson to its Board of Directors and the grant of options to Directors.

Mr. Côté is a strategic advisor at KPMG Canada. For 35 years, Marcel has led the Secor Group, one of Canada's largest management consulting firm, until it merged with KPMG Canada in 2012. Marcel has a B.Sc. (Physics) from the University of Ottawa and a M.Sc (Economics) from Carnegie Mellon University, and is a Fellow of the Weatherhead Center for International Affairs at Harvard University. A professor at University of Sherbrooke and Université du Québec à Montréal before founding Secor in 1975, Marcel Côté is known for his strategic insights in complex business situations as a result of the 35 years of experience in consulting, which gave him a wide exposure to a variety of issues and several industries. Marcel is currently a director of Osisko Inc., and has been a director of several other companies during in career, including Intact, Sobeys, Engenuity Technologies and the Caisse de dépôts et placement du Québec. He also sits on several Boards of private technology companies in which he is an investor. Marcel has also served as a senior aide in both the Prime Minister's Office in Ottawa and the Premier's Office in Québec City. Active in community affairs, Mr. Côté serves on the Board of the Montreal Symphony Orchestra, the McCord Museum, the National Art Center and Compagnie de danse Marie Chouinard, which he chairs.

Mr. Ed Shepherdson serves as Senior Vice President of Coveo Solutions Inc. Ed brings 30 years of experience in the technology industry. Prior to joining Coveo, he spent 18 years at Cognos, now an IBM company, where he most recently served as Vice President of Global Customer Support. While at Cognos, Ed also held a variety of senior positions in the company's Research and Development and Applications Development teams.

Also, Alphinat Inc. announces that on February 26, 2014, the company's Board of Directors granted stock options representing a total of 300,000 common shares to Directors of the Company. The exercise price on the options, which expire on February 26, 2019, is $0.12.

About Alphinat

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.

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 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.

Contact Information

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