MONTREAL, Dec. 29 /CNW Telbec/ - Alphinat Inc. (TSX-VN : NPA), announces its results for the fiscal year ended August 31, 2010.
Fiscal 2010 marked a very important step for Alphinat in establishing
it's network of partners and in the commercialization of SmartGuide®,
the company's flagship product. The achievements with Bull in the
project delivery for the Direction Générale de Modernisation de l'État
(DGME) of the French Republic have had a significant impact in the
company's ongoing sales efforts in the private and public sectors. To
support sales growth and new partner acquisition, Alphinat initiated a
private placement that it announced on December 22, 2010. The proceeds
from the financing will be used to ensure proper support and commercial
success of the company's partnerships as well as for prospecting new
clients and partners, notably in the United Sates, a priority target
for the company.
During fiscal 2010, Alphinat recognized revenue totalling $1,255,514
compared to $1,119,032 for 2009 and $1,342,504 for 2008. Net losses for
fiscal 2010 totaled $361,668 compared to a net loss of $387,860 for
Alphinat's financial statements and Management's Discussion and Analysis
for the period ending August 31, 2010 can be found on SEDAR, at www.sedar.com.
Also, Alphinat Inc. announces that on December 21, 2010, the company's
Board of Directors granted stock options representing a total of
850,000 common shares to a officers and other key employees of the
Company. The exercise price on the options, which expire on December
21, 2015, is $0.12.
Alphinat develops, markets and supports software technology that enables
non-technical managers to configure and deploy form-based Web
applications and utilities that helps organizations and governments
better serve clients. This technology uses sophisticated data
organization and processing software to automate interactions between
systems, employees, clients, suppliers and partners. The software is
ubiquitous across organizational entities and information processing
platforms, permitting a high level of collaboration in delivering
complex service outcomes using existing legacy systems. 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: For further information:
Mr. Philippe Lecoq
Chief Executive Officer Alphinat Inc.
(514) 398-9799 ext 222