Alphinat Inc.
TSX VENTURE : NPA

Alphinat Inc.

October 18, 2012 19:42 ET

Alphinat Announces Extension to Maturity Date of $500,000 Loan Facility

MONTREAL, QUEBEC--(Marketwire - Oct. 18, 2012) -

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Alphinat Inc. (TSX VENTURE:NPA) a leader in innovative Software for the Smart Enterprise™, announces that it has entered into an agreement with all the lenders under the October 7, 2011 $500,000 Secured Loan Agreement to extend the maturity date for the reimbursement of the Loan from September 30, 2012 to March 31, 2013, with more favourable interest rates. In addition, under certain conditions, at the sole discretion of Alphinat, the Company may extend the March 31, 2013 maturity date to September 30, 2013. In consideration of the lenders consenting to the first extension the Corporation shall issue one Common Share of Alphinat for each dollar of loan held by the respective lenders, for a total of 500,000 Common Shares at an issue price of $.05 per share. Should Alphinat extend the maturity date to September 30, 2013 it will issue to the lenders 1.5 Common Shares of Alphinat for each dollar of loan held by the respective lenders, for a total of 750,000 Common Shares at the market price then in effect.

About Alphinat

Alphinat provides online self-service tools and workspaces that make it easy to deal with an organization. Its software suite simplifies, accelerates and improves interactions with all business constituents - resulting in greater cost-effectiveness, customer satisfaction and employee productivity.

Deployable natively in J2EE or .NET environments, on premise or on the Cloud, SmartGuide can help quickly build interactive web dialogs that guide people to the relevant response, help them diagnose problems or lead them through a series of well-defined steps that make it easy to complete complex-or infrequently performed-tasks. It is ideally suited for:

  • Customer self-service
  • Electronic forms
  • Knowledge bases
  • Guided selling
  • Diagnostic tools
  • Life event based applications
  • Education or training

SmartGuide is the only web-based development platform that allows business users to fully manage the business content and logic of an application through easy-to-use, drag and drop tools. In fact, SmartGuide is chock-full of point-and-click features that other solutions require developers to code, making your applications easier to build, test and maintain. Furthermore, SmartGuide will automatically generate customizable documentation of the application being built.

A short 9-minute demonstration of the Designer portion is available at: http://www.alphinat.com/en/products/smartguide/demos.jsp.

Alphinat technology could be used in the government sector, 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 and CCFL Capital's ability to find subscribers in connection with the proposed private placement. 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
    www.alphinat.com