MONTREAL (Quebec), December 7 2007 - Alphinat Inc. (TSX-VN : NPA) announced that on July 25, 2007, the company's Board of Directors granted stock options representing a total of 1,050,000 common shares to three of its directors.
Of these options, a portion representing 800,000 shares was compensation for a credit facility offered by two of the directors that was made use of by the company. The remaining 250,000 was compensation in lieu of director fees. The exercise price on the options, which expire on July 25, 2012, is $0.10. On October 24, 2007, 150,000 options were granted to another director as payment of director fees, at an exercise price of $0.10, with an expiry date of October 24, 2012.
All of the stock options were granted under Alphinat's stock option plan.
Alphinat is a Quebec-based software publisher that has, over the past few years, developed the SmartGuide suite. These products are used by experts to rollout the services, applications and resources needed to automate complete business processes, through a single-access platform.
Working with its SmartGuide software suite, Alphinat has developed an innovative on-line government solution that is entirely centered on the needs of citizens and businesses. This solution was chosen, out of various applications submitted by 189 countries, to receive IBM's Top Star Award for on-line government solutions. Alphinat solutions have also been recognized by the OECD under its "best Internet practices" category.
Alphinat technology could also prove useful to the healthcare, banking and insurance sectors, as well as telcos, in modernizing, 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 http://www.alphinat.com
Contacts
Mr. Philippe Lecoq
CEO
Alphinat Inc.
+1 (514) 398-9799 ext. 222