Alphinat announces results for the fiscal year ended August 31, 2007

    MONTREAL, Dec. 28 /CNW Telbec/ - Alphinat Inc. (TSX Venture Exchange:
NPA) today announced its results for the fiscal year ended August 31, 2007.
    The 2007 fiscal year marked a turning point in the evolution of the
Company. During this year, the Company moved from the research and development
phase into commercialisation. The transition began with the hiring of an
Executive Vice President of Sales and Business Development, on November 22,
    The Company sold two licences during the fiscal year. The first of these,
completed during the first quarter, was to a systems integrator partner and
was valued at $150,000. The second sale, made during the third quarter, was to
the Government of Québec for $1,012,000, including $75,000 in training and
installation services. As a result of the latter agreement, the SmartGuide
suite is now available to Government of Québec ministries and departments
wishing to implement online solutions that give the public direct access to
their services.
    The company reported revenue of $341,060 for the fiscal year; sales
balances are recorded as deferred revenue collected in advance. Of $851,750 in
 deferred revenue, $576,875 in sales licences will be recognized as revenue
for the 2008 fiscal year. In addition, $262,500 in services will be recognized
in accordance with the percentage-of-completion method.
    While the financial statements indicate a loss of $890,969, cash flow for
fiscal 2007 was positive, with $357,780 from operating activities.
    Alphinat's financial statements and Management's Discussion and Analysis
for the period ending August 31, 2007 can be found on SEDAR, at

    About Alphinat

    Alphinat is a software publisher that has developed the SmartGuide suite.
These products allow organizations to better serve their clients by rolling
out low-cost online services based entirely on clients' needs and
expectations. The innovative "Guided interaction" concept, integral to
Alphinat's SmartGuide solution, allows organizations to easily and
cost-effectively deploy web-based tools automating all steps of a process, and
responding fully to client needs.
    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 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 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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