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Alphinat announces a profit of $167,455 for the quarter ended February 28, 2017

MONTREAL (Quebec), April 24, 2017

Alphinat Inc. (TSXV: NPA) announces a profit of $167,455 for the quarter ended February 28, 2017.

During the quarter under review, Alphinat recognized new license sales from a Canadian Province and a State in the USA. They have selected SmartGuide in their effort to modernize their digital government service delivery to their constituents.

During the quarter under review, the company had committed efforts to Smart City initiatives.

Also during the quarter under review, the government of France exercised its options to extend the use of SmartGuide to deliver digital government services to its citizens and enterprises.

SmartGuide has regularly demonstrated the productivity gains it delivers. The decision drivers for Alphinat’s partners and clients in selecting SmartGuide is always Total Cost of Ownership (TCO), ease of use and quality of service.

For the 3-month period ended February 28, 2017, the Company recorded total revenue of $499,399 compared to $473,381 for the same period in 2016. For the 6-month period ended February 28, 2017, the company recorded license sales for an amount of $582,587 compared to $166,451 for the same period in 2016, an increase of 250%.

The earnings for the period ended February 28, 2017 amounted to $167,455 or $0.003 per outstanding common share compared to earnings of 46,970 or $0.001 per outstanding common share for the 3-month period ended February 29, 2016.

Alphinat’s financial statements and Management’s Discussion and Analysis for the period ending November 30, 2016 can be found on SEDAR, at www.sedar.com.

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.

Forward-looking statements

Certain statements in this document, including those which express management's expectations or estimations with regard to the Company's future performance, constitute "forward-looking statements" as understood by applicable securities laws. Forward-looking statements are, of necessity, based on a certain number of estimates and hypotheses; while management considers these to be accurate at the time they are expressed, they are inherently subject to significant uncertainties and risks on the commercial, economic and competitive levels. We advise readers that these forward-looking statements are subject to risks, uncertainties, and other known and unknown factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. A number of factors could cause significant differences between actual results and those described in forward-looking statements. Investors are advised to not rely unduly on the forward-looking statements. This advisory applies to all forward-looking statements, whether expressed orally or in writing, attributed to Alphinat or to any individual expressing them in the name of the Company. Unless required by law, the Company is under no obligation to publicly update these forward-looking statements, whether to reflect new information, future events, or other circumstances. Risks and uncertainties that bear on the Company are described in greater detail in the Company's Annual Report.

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