MONTREAL, Feb. 19 /CNW Telbec/ - Alphinat Inc. (TSX-venture: NPA) is pleased to announce that on February 17, 2010, the majority of disinterested shareholders have approved the resolution amending the Company's stock options plan so as to increase the number of common shares reserved for issuance thereunder from 3,937,955 to 5,323,666, representing 15% of all of the issued and outstanding common shares of the Corporation. Except for this increase, no other terms of the Stock Option Plan were modified. This amendment is subject to the approval of the TSX-Venture Exchange.
"This amendment gives us added flexibility to deliver on our strategic objectives by retaining and recruiting top talent to accelerate commercialization and partnership agreements." says Philippe Lecoq, CEO of Alphinat.
Alphinat Inc. develops, markets and supports software technology that enables non-technical managers to configure and deploy Web applications and utilities to helps organisations and governments better serve clients. This technology uses sophisticated data organisation and processing software to automate interactions between systems, employees, clients, suppliers and partners. The software is consistent across organisational entities and information processing platforms, permitting a high level of collaboration in delivering complex service outcomes using existing legacy systems.
Alphinat technology could also prove useful to 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.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
SOURCE Alphinat Inc.
For further information: For further information: Mr. Philippe Lecoq, Chief Executive Officer, Alphinat Inc., (514) 398-9799 ext 22