MONTREAL, July 23, 2012 /CNW Telbec/ - Alphinat Inc. (TSXV: NPA) announces its results for the fiscal quarter ended May 31, 2012 and the
appointment of Mr. Marcel Elefant to the board of Directors.
During the quarter under review, Alphinat has focused its efforts on
targeting private enterprise in order to diversify its client and
This has resulted in the signing of the company's first OEM (Original
Equipment Manufacturer) agreement. On May 1, 2012, Alphinat announced
that it had entered into an OEM agreement with CSDC Systems Inc., a
leading provider of business process automation solutions for
government agencies and for the banking sector. CSDC will incorporate
Alphinat SmartGuide® into their AMANDA platform giving government and
corporate customers the ability to quickly deploy online services that
allow clients, businesses and citizens to safely and securely apply
for, submit, track, manage, and pay for applications online.
In the same spirit, Alphinat collaborates closely with Bull's software
division, which has lead to a commercialization campaign targeted at
General Councils of France for delivery of SmartGuide on premises as
well as in a SaaS mode.
These two sales channels into specific vertical markets with companies
that have an established and captive client base have resulted in a
growing sales pipeline with prospects at various levels of maturity as
well as a first sale to a Canadian client outside of the Province of
Also, the French State Modernization Agency (DGME) has continued to
expand their citizen-centric service deployment and have ordered
additional licenses from Alphinat in order to do so.
Furthermore, Alphinat has pursued Cloud computing validations with major
players in the industry in the USA as well as in Europe. The company is
progressing in discussions with global partners for strategic
initiatives that could lead to global distribution and sales. A Cloud
instance of SmartGuide is now available in the IBM PureSystems Center
catalogue at the following address: http://www-01.ibm.com/software/brandcatalog/puresystems/centre/details?uid=GSD_46524.
Alphinat continues to make strong headway into partnerships for
additional OEM agreements as well as for launching additional SaaS
services. Management believe that these partnerships will reduce the
SmartGuide sales cycle while multiplying points of contacts with
For the quarter under review, the company recorded revenue and deferred
revenue for a total amount of $492,634 (Revenue: $282,752 and Deferred
For the 3-month period ended May 31, 2012, the Company recorded total
revenue of $282,752 compared to $179,783 for the same period in 2011.
This increase is due mainly to sales of new SmartGuide licenses as well
as to increased revenue from maintenance and support resulting from the
renewal of the SmartGuide annual license maintenance contract by the
Direction Générale de Modernisation de l'État (DGME), the French
government agency responsible for State reform, as well as by the
government of Quebec.
Operating expenses decreased from $485,455 for the 3-month period ended
May 31, 2011 to $439,965 for the 3-month period ended May 31, 2012.
The net loss for the 3-month period ended May 31 2012 is $157,213 or
$0.003 per outstanding common share compared to a net loss of $305,467
or $0.006 per outstanding common share for the corresponding period in
Alphinat's financial statements and Management's Discussion and Analysis
for the quarter ending May 31, 2012 can be found on SEDAR, at www.sedar.com.
Alphinat is pleased to announce the appointment of Mr. Marcel Elefant to
the board of Directors of the company.
Marcel Elefant is a graduate of Sir George Williams College (Concordia
University) with a Bachelor of Commerce and was President of one of
Canada's leading private specialty forest product companies until his
retirement in 1991. Mr. Elefant currently sits on the boards and
advisory boards of several international private companies and
charitable organizations and is a benefactor of The Montreal Museum of
Fine Arts. Mr. Elefant holds community activities and clubs close to
heart with activities and memberships in Montreal, Stowe Vt., Monaco
and Burgundy Fr.
Also, Alphinat announces that on July 18, 2012, the company's board of
Directors granted stock options representing a total of 150,000 common
shares to a director of the company. The exercise price on the options,
which expire on July 18, 2017, is $0.12.
Alphinat provides online self-service tools and workspaces that make it
easy to deal with an organization. Its software suite simplifies,
accelerates and improves interactions with all business constituents —
resulting in greater cost-effectiveness, customer satisfaction and
Deployable natively in J2EE or .NET environments, on premise or on the
Cloud, SmartGuide can help quickly build interactive web dialogs that
guide people to the relevant response, help them diagnose problems or
lead them through a series of well-defined steps that make it easy to
complete complex—or infrequently performed—tasks. It is ideally suited
Life event based applications
Education or training
SmartGuide is the only web-based development platform that allows
business users to fully manage the business content and logic of an
application through easy-to-use, drag and drop tools. In fact,
SmartGuide is chock-full of point-and-click features that other
solutions require developers to code, making your applications easier
to build, test and maintain. Furthermore, SmartGuide will automatically
generate customizable documentation of the application being built.
A short 9-minute demonstration of the Designer portion is available at: http://www.alphinat.com/en/products/smartguide/demos.jsp.
Alphinat technology could be used in the government sector, 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. These include, but are not limited to, the Company's and
CCFL Capital's ability to find subscribers in connection with the
proposed private placement. This is only one of the 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. 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 Alphinat Inc.
(514) 398-9799 ext 222