MONTREAL (Quebec), March 2, 2011 – Alphinat Inc. (TSX-V: NPA), a leader in innovative Software for the Smart Enterprise™, is pleased to announce the appointment of Mr. Paul Lowenstein to the board of Directors of the Company.
Mr. Lowenstein has a B.A. from McGill University (1958) and an MBA from the University of Michigan (1959). After obtaining his Chartered Accountancy degree in 1964, Mr. Lowenstein joined Edper Investments in Montreal, Canada, a Bronfman family investment company, and, in 1968, was appointed its Vice-President and Treasurer. In 1969, along with two other co-founders, he formed Kauser, Lowenstein & Meade Ltd., which initiated three firms, each of which, over subsequent years, became leading Canadian financial service and investment companies in their respective sectors: Innocan Investments Ltd. (venture capital); Altamira Management Ltd. (mutual fund management); and Canadian Corporate Funding Ltd. (“CCFL”) (mid-market merchant banking). In 1979, Mr. Lowenstein acquired CCFL and, over the subsequent 25 years, developed that firm into one of Canada’s leading providers of mid-market merchant banking services, including the formation of several institutionally-backed private equity funds. Mr. Lowenstein is currently Chairman of CCFL Partners, a specialized finance boutique providing strategic financial services to mid-sized private and public companies. Mr. Lowenstein is also Chairman of Northbridge, a private equity firm that invests in mid-market growth companies in North America on behalf of its clients/investors which include high net worth investors, major family offices and institutional clients.
Also, Alphinat Inc. announces that on March 1, 2011, the company’s Board of Directors granted stock options representing a total of 550,000 common shares to directors and officers of the Company. The exercise price on the options, which expire on March 1, 2016, is $0.12.
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.