MONTREAL (Quebec), January 19, 2010 – Alphinat Inc. (TSX Venture: NPA) announces its results for the fiscal QUARTER ended November 30, 2009.
The company’s efforts to consolidate its position with existing clients as well as its focus on commercialisation in Europe and in the private sector in Quebec have resulted in a net income of $64,029 for the financial quarter ended November 30, 2009.
In the quarter, the number of Internet applications based on SmartGuide™ deployed within the Quebec government grew to over thirty (30), the company announced a partnership with Bell Canada for the sales and implementation of SmartGuide™ licenses for their clients, and also announced that the Direction Générale de Modernisation de l’État of the French Republic had selected SmartGuide™ to build a “factory” to streamline delivery of e-government services to constituents and enterprises.
These two announcements are directly in line with the company’s strategic objectives, thus marking a shift in Alphinat’s activities. The heightened focus on license sales has lead to a positive impact on the cost structure of the corporation.
During the quarter ended November 30, 2009, Alphinat recognized revenue totaling $334,170 compared to $287,081 for the same period in 2008. Net income for quarter ended November 30, 2009 totaled $64,029 compared to a net loss of $68,175 for the same period in 2008.
Alphinat’s financial statements and Management’s Discussion and Analysis for the quarter ending November 30, 2009 can be found on SEDAR, at www.sedar.com.
Also, Alphinat Inc. announces that on January 19, 2010, the company’s Board of Directors granted stock options representing a total of 50,000 common shares to one of its directors. The exercise price on the options, which expire on January 19, 2015, is $0.12.
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 http://www.alphinat.com for more information. We look forward to hearing from you.
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.