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.
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.