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Alphinat amends it stock options plan

MONTREAL (Quebec), February 19, 2010 – Alphinat Inc. (TSX Venture: NPA) is pleased to announce that on February 17, 2010, the majority of disinterested shareholders have approved the resolution amending the Company’s stock options plan so as to increase the number of common shares reserved for issuance thereunder from 3,937,955 to 5,323,666, representing 15% of all of the issued and outstanding common shares of the Corporation. Except for this increase, no other terms of the Stock Option Plan were modified. This amendment is subject to the approval of the TSX-Venture Exchange.

“This amendment gives us added flexibility to deliver on our strategic objectives by retaining and recruiting top talent to accelerate commercialization and partnership agreements.” says Philippe Lecoq, CEO of Alphinat.

About Alphinat

At Alphinat, we are driven by the passion to make application development easy for everyone. It always struck us as odd that the people with the vision of how a finished application should look and behave would only be involved at the start of the process. After all, what better way to ensure a favourable outcome than to provide those closest to an application’s end-users with a vested interest in its success throughout its development?

That’s why we bring you new ways to empower the right people at the right time in the application development process. At the same time, we’re constantly working to reduce the need to code in order to make application development and maintenance simpler and less error-prone.

So whether you choose to develop your applications with the help of our low-code platform SmartGuide®, kickstart your project using one of our pre-built apps or engage us or one of our partners to do the work for you, we’re here to help you deploy better applications in record time. Visit https://www.alphinat.com for more information. We look forward to hearing from you.

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