Alphinat announces its interim financial results for the period ending November 30, 2007

    MONTREAL, Jan. 22 /CNW Telbec/ - Alphinat Inc. (TSX Venture: NPA)
announces its interim financial results for the period ending November 30,
    During the period ended November 30, 2007, 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 November 30, 2007, the Company recorded
total revenue of $328,440 for net earnings of $19,807 or $0.001 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. As at November 30, 2007, the Company
has recorded $563,812 in deferred revenue, which will be recognized over the
next financial quarters.
    Alphinat's financial statements and Management's Discussion and Analysis
for the period ending November 30, 2007 can be found on SEDAR, at

    About Alphinat

    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

    Forward-looking statements

    Certain statements in this document, including those that 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 capacity to increase acceptance of its products on
the market, and to penetrate new markets; the potential existence of defects
or undetected problems in the Company's products; the Company's ability to
manage its growth; the Company's ability to compete with others; potential
commitments; maintaining the Company's intellectual property rights and
defending against litigation putting those rights in question; the Company's
reliance on the knowledge of its key personnel; and the Company's access to
sufficient capital to finance its future needs. This is a partial and
non-exhaustive list of 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. 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.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.
    %SEDAR: 00020590EF

For further information:

For further information: Mr. Philippe Lecoq, Chief Executive Officer,
Alphinat Inc., (514) 398-9799 ext 22

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