MONTREAL, April 27, 2012 /CNW Telbec/ - Alphinat Inc. (TSXV: NPA) announces its results for the fiscal quarter ended February 29, 2012.
During the quarter under review, Alphinat has focused its efforts on targeting private enterprise in order to diversify its client and Partner base. In the public sector, 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.
Alphinat has also 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. As of the date of this report, SmartGuide in one of only 9 independent (from IBM) applications to be certified for both IBM's new PureFlex and PureApplications platforms that IBM launched on April 11, 2012.
Furthermore, Alphinat has made strong headway into partnerships for specific vertical markets with companies that have an established and captive client base. Management believe that these partnerships will reduce the SmartGuide sales cycle while multiplying points of contacts with potential clients.
For the quarter under review, the company recorded revenue and deferred revenue for a total amount of $471,208 (Revenue: $209,388 and Deferred revenue: $261,820).
For the 3-month period ended February 29, 2012, the Company recorded total revenue of $209,388 compared to $99,544 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 $269,343 for the 3-month period ended February 28, 2011 to $255,175 for the 3-month period ended February 29, 2012. This variation is due mainly to the decrease in stock-based compensations.
The net loss for the 3-month period ended February 29, 2012 is $178,168 or $0.004 per outstanding common share compared to a net loss of $341,530 or $0.008 per outstanding common share for the corresponding period in 2011.
Alphinat's financial statements and Management's Discussion and Analysis for the quarter ending February 29, 2012 can be found on SEDAR, at www.sedar.com.
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 employee productivity.
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 for:
- Customer self-service
- Electronic forms
- Knowledge bases
- Guided selling
- Diagnostic tools
- 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.
For further information:
Mr. Philippe Lecoq
Chief Executive Officer Alphinat Inc.
(514) 398-9799 ext 222