MONTREAL, Feb. 29, 2012 /CNW Telbec/ - Alphinat Inc. (TSXV: NPA) announces its results for the fiscal quarter ended November 30, 2011.
For the quarter under review, the company recorded revenue and deferred
revenue for a total amount of $641,213 (Revenue: $271,999 and Deferred
For the 3-month period ended November 30, 2011, the Company recorded
total revenue of $271,999 compared to $260,354 for the same period in
2010. It is important to note the shift in sources of revenue. In fact,
License revenue has more than doubled while Professional services
revenue has dropped to zero. This is representative of the company's
shift to focus on the sales of its products as well of the success of
the Partner training and support programs, rendering them completely
autonomous to deliver services related to SmartGuide.
For the 3-month period ended November 30, operating expenses increased
from $276,365 in 2010 to $379,650 in 2011. This increase is reflective
of the company's growing commercialization efforts.
The net loss for the 3-month period ended November 30, 2011 is $107,651
or $0.002 per outstanding common share compared to net earnings of
$15,716 or $0.0004 per outstanding common share for the corresponding
period in 2010.
Alphinat's financial statements and Management's Discussion and Analysis
for the quarter ending November 30, 2011 can be found on SEDAR, at www.sedar.com.
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 and
mobile applications and utilities that helps organizations and
governments better serve clients whether they are looking to deploy on
premise or in the Cloud. This technology uses sophisticated data
organization and processing software to automate interactions between
systems, employees, clients, suppliers and partners. The software
seamlessly integrates into complex environments permitting a high level
of collaboration in delivering user-centric services while leveraging
existing IT assets. 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. 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