MONTREAL (Quebec), January 30 2009 - Alphinat Inc. (TSX-VN : NPA) announces its interim financial results for the period ending November 30, 2008.
During the period ended November 30, 2008, the Company's operations have focused on the marketing of SmartGuide, its flagship product, and related professional services. Alphinat consolidated its position as an eGovernment software supplier by assisting various agencies and departments in deploying government services targeted at citizens and entrepreneurs. The Company's successful implementations with the Québec government drew international recognition that led to commercial dialogue between Alphinat and the French government. In September 2008, Alphinat announced its first European contracts by way of partnerships with large French systems integrators. These contracts are in line with corporate growth objectives and demonstrate the Company's ability to support its partners in their resale and use of SmartGuide in mandates with their client-base. Alphinat also announced a contract with the Hague Conference on International Private Law (HccH). Alphinat continues to pursue it strategic focus on the Government of Québec and prospect in new markets through partnerships.
For the 3-month period ended November 30, 2008, the Company recorded total revenue of $287,081 for net losses of $68,175 or $0.002 per outstanding common share. The revenue for the period under review results from projects that have been delivered to ministries and departments of the Quebec government as well as from European contracts.
Alphinat's financial statements and Management's Discussion and Analysis for the period ending November 30, 2008 can be found on SEDAR, at www.sedar.com.
Alphinat Inc. develops and markets software that enables non-technical managers to configure and deploy Web applications to better serve clients. This technology uses sophisticated data and processing software to automate interactions between systems, employees, clients, suppliers and organisations. The software is deployed across corporate 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 all organisations 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.
Contacts
Mr. Philippe Lecoq
CEO
Alphinat Inc.
+1 (514) 398-9799 ext. 222