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Alphinat announces its results for fiscal year ended August 31, 2014

MONTREAL (Quebec), December 19, 2014

Alphinat Inc. (TSXV: NPA) announces its results for the fiscal year ended August 31, 2014.

This past year, while maintaining its efforts on the public sector, Alphinat invested in diversifying its client base in the private sector. The diversification efforts to break into the private sector have lead to the delivery of a mobile reporting solution for a major North American airport operator’s security services as well as the delivery of two SaaS-based intranet and extranet solutions based on SmartGuide to a large private sector organization in the payment processing industry. In the last quarter of the fiscal year ended August 31, 2014, Alphinat hired a Vice President Sales and Corporate Development to focus on partnering activities and commercial sales in the North American private sector. These last months’ efforts are leading to a clear expression of interest by private sector enterprises in SmartGuide for the development of productivity applications and legacy system conversion to modern solutions that can be accessed by mobile devices and through the web.

For the 12-month period ended August 31, 2014, the Company recorded total revenue of $1,844,738 compared to $1,625,395 for the same period in 2014. The net loss for fiscal 2014 was $(231,618) or $(0.005) per (averaged outstanding) common share compared to net earnings of $26,099 or $0.001 per (averaged outstanding) common share in fiscal 2013.

Alphinat’s financial statements and Management’s Discussion and Analysis for the period ending August 31, 2014 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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