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Alphinat announces a profit of $259,243 for the quarter ended November 30, 2016

MONTREAL (Quebec), January 24, 2017

Alphinat Inc. (TSXV: NPA) announces a profit of $259,243 for the quarter ended November 30, 2016.

The quarter under review has seen an acceleration in sales with OEM partners, both for OEM licenses as well as Enterprise licenses of SmartGuide. The Enterprise license of SmartGuide allows clients to deliver e-services that connect into multiple back-end systems, therefore insuring a more streamlined user experience.

The company continues to be involved with delivery of projects with various agencies of Canadian federal government. These projects have led to further discussions with current and prospective clients and partners.

For the 3-month period ended November 30, 2016, the Company recorded total revenue of $603,985 compared to $380,850 for the same period in 2016. The earnings for the period ended November 30, 2016 amounted to $259,243 or $0.005 per outstanding common share compared to earnings of 30,983 or $0.001 per outstanding common share for the 3-month period ended November 30, 2015.

Also, Alphinat Inc. announces the issuance, on January 23, 2017 of stock options representing a total of 1,758,544 common shares to Directors and employees of the Company. The exercise price on the options, which expire on November 30, 2021, is $0.12.

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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