Press release

MONTREAL (Quebec), July 29 2008 - Alphinat Inc. (TSX-VN : NPA) announces its interim financial results for the period ending May 31, 2008.

During the period ended May 31, 2008, the Company’s operations have focused on executing its strategic plan by implementing pilot projects with ministries and departments of the Quebec provincial government following their acquisition of a government-wide license.

For the 3-month period ended May 29, 2008, the Company recorded total revenue of $ 251,464 for net losses of $ 214,034 or $0.005 per outstanding common share. The revenue for the period under review results mainly from revenue recognition of the SmartGuide governmental license agreement with the government of Quebec.

Alphinat's financial statements and Management's Discussion and Analysis for the period ending May 31, 2008 can be found on SEDAR, at www.sedar.com.

As part of it’s implementation, Alphinat is pleased to announced it has won a first contract from the ministère du Revenu du Québec (MRQ) for an amount of $388,610. Through this agreement, MRQ will benefit from the support of the SmartGuide software experts at Alphinat for the implementation, evolution and use of this tool for the development of constituent-centric Internet services.

The MRQ, who has been awarded numerous prizes for the quality of its electronic services, is currently setting up a center of expertise dedicated to sharing their expertise with other ministries. Following the acquisition by the Quebec ministère des Services gouvernementaux of a government-wide license to use the Alphinat SmartGuide, the MRQ centre of expertise will offer the SmartGuide Suite as common service to Quebec government departments or agencies wishing to implement on-line solutions that will enable single-entry-point access to their various services.

Also, the board of directors of Alphinat has nominated Mr. Michel Lemoine as Chairman of the board and Mr. Curtis Page as Chief financial officer, both nominations are effective immediately. Mr. Curtis Page is also Chief Operating Officer of Alphinat. The wealth of experience of Mr. Lemoine and Mr. Page will complement the strength of management in achieving the Company’s objectives.

About Alphinat

Alphinat Inc. develops, markets and supports software technology that enables non-technical managers to configure and deploy Web applications and utilities to better serve clients. This technology uses sophisticated data organisation and processing software to automate interactions between systems, employees, clients, suppliers and partners. The software is ubiquitous across organisational entities and information processing platforms, permitting a high level of collaboration in delivering complex service outcomes using existing legacy systems.

Using its SmartGuide software suite, Alphinat implemented an innovative on-line government solution that is entirely centered on the needs of citizens and entrepreneurs. This solution was awarded IBM's "Top Star" award for on-line government solutions among applications from 189 different countries. Furthermore, the OECD recognized Alphinat's e-government solution as a "best Internet practices".

Alphinat technology could also prove useful to the healthcare, banking, insurance, and telecommunications sectors, 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 www.alphinat.com.