MONTREAL (Quebec), April 21, 2009 - Alphinat Inc. (TSX Venture: NPA) announces its interim financial results for the period ending February 28, 2009.
During the quarter ended February 28, 2009, 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. Furthermore, during the period under review, Alphinat has pursued it's commercial activities in Europe with new mandates being delivered with partners. 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 continues to pursue it strategic focus on the Government of Québec and to prospect in new markets via direct sales and through partnerships.
For the 3-month period ended February 28, 2009, the Company recorded total revenue of $345,967 for net losses of $51,915 or $0.001 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 February 28, 2009 can be found on SEDAR, at www.sedar.com.
Alphinat Inc. develops, markets and supports software technology that enables non-technical managers to configure and deploy Web applications and utilities to helps organisations and governments 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.
Alphinat technology could also prove useful to the healthcare, banking, insurance, and telecommunications 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.
Contacts
Mr. Philippe Lecoq
CEO
Alphinat Inc.
+1 (514) 398-9799 ext. 222