MONTREAL, July 29 /CNW Telbec/ - Alphinat Inc. (TSX Venture: NPA)
announces its interim financial results for the period ending May 31, 2008.
During the period ended May 31, 2008, the Company's operations have
focused on executing its strategic plan by implementing pilot projects with
ministries and departments of the Quebec provincial government following their
acquisition of a government-wide license.
For the 3-month period ended May 29, 2008, the Company recorded total
revenue of $ 251,464 for net losses of $ 214,034 or $0.005 per outstanding
common share. The revenue for the period under review results mainly from
revenue recognition of the SmartGuide governmental license agreement with the
government of Quebec.
Alphinat's financial statements and Management's Discussion and Analysis
for the period ending May 31, 2008 can be found on SEDAR, at www.sedar.com.
As part of it's implementation, Alphinat is pleased to announced it has
won a first contract from the ministère du Revenu du Québec (MRQ) for an
amount of $388,610. Through this agreement, MRQ will benefit from the support
of the SmartGuide software experts at Alphinat for the implementation,
evolution and use of this tool for the development of constituent-centric
The MRQ, who has been awarded numerous prizes for the quality of its
electronic services, is currently setting up a center of expertise dedicated
to sharing their expertise with other ministries. Following the acquisition by
the Quebec ministère des Services gouvernementaux of a government-wide license
to use the Alphinat SmartGuide, the MRQ centre of expertise will offer the
SmartGuide Suite as common service to Quebec government departments or
agencies wishing to implement on-line solutions that will enable
single-entry-point access to their various services.
Also, the board of directors of Alphinat has nominated Mr. Michel Lemoine
as Chairman of the board and Mr. Curtis Page as Chief financial officer, both
nominations are effective immediately. Mr. Curtis Page is also Chief Operating
Officer of Alphinat. The wealth of experience of Mr. Lemoine and Mr. Page will
complement the strength of management in achieving the Company's objectives.
Alphinat Inc. develops, markets and supports software technology that
enables non-technical managers to configure and deploy Web applications and
utilities to 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 ubiquitous across
organisational entities and information processing platforms, permitting a
high level of collaboration in delivering complex service outcomes using
existing legacy systems.
Using its SmartGuide software suite, Alphinat implemented an innovative
on-line government solution that is entirely centered on the needs of citizens
and entrepreneurs. This solution was awarded IBM's "Top Star" award for
on-line government solutions among applications from 189 different countries.
Furthermore, the OECD recognized Alphinat's e-government solution as a
"best Internet practices". Alphinat technology could also prove useful to the
healthcare, banking, insurance, and telecommunications sectors, in
modernizing, 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
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Mr. Philippe Lecoq, Chief Executive Officer
Alphinat Inc., (514) 398-9799 ext 22