MONTREAL (Quebec), July 29 2008 – Alphinat Inc. (TSX-VN : NPA) announces its interim financial results for the period ending May 31, 2008.

During the period ended May 31, 2008, the Company’s operations have focused on executing its strategic plan by implementing pilot projects with ministries and departments of the Quebec provincial government following their acquisition of a government-wide license.

For the 3-month period ended May 29, 2008, the Company recorded total revenue of $ 251,464 for net losses of $ 214,034 or $0.005 per outstanding common share. The revenue for the period under review results mainly from revenue recognition of the SmartGuide governmental license agreement with the government of Quebec.

Alphinat’s financial statements and Management’s Discussion and Analysis for the period ending May 31, 2008 can be found on SEDAR, at

As part of it’s implementation, Alphinat is pleased to announced it has won a first contract from the ministère du Revenu du Québec (MRQ) for an amount of $388,610. Through this agreement, MRQ will benefit from the support of the SmartGuide software experts at Alphinat for the implementation, evolution and use of this tool for the development of constituent-centric Internet services.

The MRQ, who has been awarded numerous prizes for the quality of its electronic services, is currently setting up a center of expertise dedicated to sharing their expertise with other ministries. Following the acquisition by the Quebec ministère des Services gouvernementaux of a government-wide license to use the Alphinat SmartGuide, the MRQ centre of expertise will offer the SmartGuide Suite as common service to Quebec government departments or agencies wishing to implement on-line solutions that will enable single-entry-point access to their various services.

Also, the board of directors of Alphinat has nominated Mr. Michel Lemoine as Chairman of the board and Mr. Curtis Page as Chief financial officer, both nominations are effective immediately. Mr. Curtis Page is also Chief Operating Officer of Alphinat. The wealth of experience of Mr. Lemoine and Mr. Page will complement the strength of management in achieving the Company’s objectives.

About Alphinat

At Alphinat, we are driven by the passion to make secure low-code/no-code application and portal development a reality and easier for everyone. We enable the people with the vision and process knowledge to create great finished applications that IT can more easily deploy in their secure environments. With SmartGuide we provide an easy to use low-code tool and derivative solutions such as SmartGuide for “Dynamics 365 targeted for G&Cs that meet the client’s most critical needs empowering all lines of business to leverage their own process knowledge and expertise to self-serve.

SmartGuide brings you new ways to empower the right people with tools for success at the right time in the application development process. At the same time, we are constantly working to reduce the need to code in order to make application development and maintenance simpler.

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 or derivative apps or engage us or one of our partners to do the work for you, we’re here to help you deploy secure applications in record time.

Alphinat provides a safe and secure workplace and remains an equal opportunity employer promoting our passion for productivity. With that mantra we have issued ourselves a challenge to find and promote the best minds and freely share ideas.

Forward-looking statements

Certain statements in this document, including those which express management’s expectations or estimations with regards 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. These include, but are not limited to, the Company’s capacity to increase acceptance of its products on the market, and to penetrate new markets; the potential existence of defects or undetected problems in the Company’s products; the Company’s ability to manage its growth; the Company’s ability to compete with others; potential commitments; maintaining the Company’s intellectual property rights and defending against litigation putting those rights in question; the Company’s reliance on the knowledge of its key personnel; and the Company’s access to sufficient capital to finance its future needs. This is a partial and non-exhaustive list of factors that could bear on any of our 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. 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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.