Alphinat Inc.
TSX VENTURE : NPA

Alphinat Inc.

January 23, 2015 18:51 ET

Alphinat Announces its Results for Quarter Ended November 30, 2014

MONTREAL, QUEBEC--(Marketwired - Jan. 23, 2015) - Alphinat Inc. (TSX VENTURE:NPA) announces its results for the quarter ended November 30, 2014.

The quarter review was characterized by increased efforts in business development in the private sector, notably with an approach demonstrating significant productivity gains using SmartGuide for organizations aiming at migrating internal applications from legacy environments to modern platforms capable of delivering Web and mobile applications from a single development base. These efforts have led to on going discussions with various companies in the financial services sector, manufacturing and with a large Canadian airport operator.

For the 3-month period ended November 30, 2014, the Company recorded total revenue of $244,857 compared to $480,135 for the same period in 2013. For the 3-month period ended November 30, operating expenses amounted to $415,608 in 2014 compared to $419,172 in 2013. The loss for the period ended November 30, 2014 amounted to $(214,793) or $(0.004) per outstanding common share compared to earnings of $21,833 or $0.0004 per outstanding common share for the 3-month period ended November 30, 2013.

Also, Alphinat announces the resignation of Mr. Paul Lowenstein from its Board of Directors.

Alphinat's financial statements and Management's Discussion and Analysis for the quarter ending November 30, 2014 can be found on SEDAR, at www.sedar.com.

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 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

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