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Alphinat announces its results for the fiscal quarter ended November 30, 2011

MONTREAL (Quebec), February 29, 2012 – Alphinat Inc. (TSXV: NPA), announces its results for the fiscal quarter ended November 30, 2011.

For the quarter under review, the company recorded revenue and deferred revenue for a total amount of $641,213 (Revenue: 271,999 $ and Deferred revenue: $369,214).

For the 3-month period ended November 30, 2011, the Company recorded total revenue of $271,999 compared to $260,354 for the same period in 2010. It is important to note the shift in sources of revenue. In fact, License revenue has more than doubled while Professional services revenue has dropped to zero. This is representative of the company’s shift to focus on the sales of its products as well of the success of the Partner training and support programs, rendering them completely autonomous to deliver services related to SmartGuide.

For the 3-month period ended November 30, operating expenses increased from $276,365 in 2010 to $379,650 in 2011. This increase is reflective of the company’s growing commercialization efforts.

The net loss for the 3-month period ended November 30, 2011 is $107,651 or $0.002 per outstanding common share compared to net earnings of $15,716 or $0.0004 per outstanding common share for the corresponding period in 2010.

Alphinat’s financial statements and Management’s Discussion and Analysis for the quarter ending November 30, 2011 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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