MONTREAL (Quebec), May 20, 2014


Alphinat Inc. (“Alphinat”) (TSX-V: NPA), a leader in innovative Software for the Smart Enterprise™, announces that it is proceeding to non-brokered private placement, maximum of $3,000,000, consisting of Class A Units, each comprising a Class A Debenture accompanied by one Bonus Common Share per dollar of Class A Debenture subscribed and Class B Units, each consisting of Class B Debentures accompanied by one Bonus Common Share per dollar of Class B Debenture subscribed. The 2nd tranche of a private placement was completed after markets closed Friday May 16th 2014 of $150,000.00 units in Series A 10% unsecured debenture of the previously announced financing August 6th 2013 and a planned 3rd and final tranche closing on or about June 12, 2014. Units comprise of a 10% unsecured debenture maturing September 30, 2017 and a bonus share for every $1.00 of unit purchased.

The Class A Debentures bear interest at 10% annually with interest payable quarterly and mature on September 30, 2017. They are redeemable by the Corporation on or after September 30, 2015. They are being offered at their face value. The Class A Debentures are convertible at their principal amount into the next equity issue of the Corporation. This transaction was a non-brokered private placement that saw one insider participated in the amount of $100,000.00 of this private placement, which brings $150,000.00 of new investment into Alphinat Inc.

The Corporation has sought, and continues to seek, investors for this placement. The Corporation is pleased to announce that the Corporation has secured indicated commitments for additional funds for the 3rd and final transaction expected to close on or about June 12th 2014 of $220,000.00 in additional units of which insiders are expected to participate for $220,000.00 with one insider expected to convert prior advances to Alphinat Inc. of $40,000.00 into the class A 10% unsecured debentures. This individual has not received any prior equity compensation for these advances.

Alphinat has continued to make strong headway into partnerships for enterprise license sales, OEM agreements as well as for launching SaaS services. The financing is to help accelerate direct sales and the uptake in sales with partners, with a growing number of installed clients in various geographies and industry sectors.

Additional information on Alphinat Inc can be found on SEDAR, at

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.