MONTREAL, Feb. 23 /CNW Telbec/ - Alphinat Inc. ("Alphinat") (TSXV: NPA), a leader in innovative Software for the Smart Enterprise™, announces
it has been awarded $227,500 in repayable funding through the Business
and Regional Growth program for market development in Europe to market
and export SmartGuide®. Alphinat's lead solution SmartGuide® is a
server based software application intended for use as an agile rapid
application development tool for SaaS and Cloud enablement in all
sectors of enterprise and governments.
Alphinat is also pleased to announce it has secured a revolving/working
capital operating line with the Royal Bank of Canada (RBC) to help
finance international contracts and working capital.
"These funds allow Alphinat to further its international business
development as the firm is looking to commercialize its products in
promising financial and government markets, most notably in the United
States and in Europe." explains Philippe Lecoq, CEO of Alphinat.
Software for the Smart Enterprise™ providing agility to leverage
existing IT assets and lower costs. Alphinat develops, markets and
supports software technology that enables non-technical managers to
configure and deploy form based Web applications and utilities that
helps organizations and governments better serve clients. This
technology uses sophisticated data organization and processing software
to automate interactions between systems, employees, clients, suppliers
and partners. The software is ubiquitous across organizational entities
and information processing platforms, permitting a high level of
collaboration in delivering complex service outcomes using existing
legacy systems. It provides efficient and cost-effective solutions to
clients at both the time of acquisition and on an ongoing basis.
Alphinat technology could also be used in the healthcare, banking,
insurance, telecommunications and other sectors, in modernising,
automating and rendering cost-effective a number of business processes
at a fraction of the cost associated with conventional customized
solutions. For more details about Alphinat or its software suite,
please visit www.alphinat.com.
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.
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.
SOURCE ALPHINAT INC.
For further information:
Mr. Philippe Lecoq
Chief Executive Officer
(514) 398-9799 ext 222