Alphinat Announces a Profit for Quarter Ended November 30, 2013
28 January 2014 - 8:50AM
Marketwired
Alphinat Announces a Profit for Quarter Ended November 30, 2013
MONTREAL, QUEBEC--(Marketwired - Jan 27, 2014) - Alphinat Inc.
(TSX-VENTURE:NPA) announces a profit for the quarter ended November
30, 2013.
Alphinat has continued to make strong headway into partnerships
for enterprise license sales, OEM agreements as well as for
launching SaaS services. We have seen significant uptake in sales
with partners, with a growing number of installed clients in
various geographies and industry sectors.
These efforts have resulted on Alphinat delivering its first
production SmartGuide license in the Healthcare and Social Services
industry for a provincial government agency in Canada.
During the quarter under review, Alphinat has assisted partners
in the implementation of SmartGuide with various clients, thereby
increasing the pool SmartGuide experts and delivery
capabilities.
During the quarter under review, Alphinat has seen OEM sales by
partner CSDC continue to progress with the addition of clients in
the USA and in Canada. During the same period, SaaS sales by
partner Vicrea has continued to increase at a steady pace.
We are pleased to report that this strategy has resulted in a
net earnings for the 3-month period ended November 30, 2013 in the
amount of $21,833 or $0.0004 per outstanding common share compared
to a net loss of $108,371 or $0.002 per outstanding common share
for the corresponding period in 2012. For the 3-month period ended
November 30, 2013, the Company recorded total revenue of $480,135
compared to $183,280 for the same period in 2012.
Alphinat's financial statements and Management's Discussion and
Analysis for the period ending August 31, 2013 can be found on
SEDAR, at www.sedar.com.
About Alphinat
Software for the Smart Enterprise™ providing agility to leverage
existing IT assets and lower costs for a one-stop delivery tool of
Web and mobile enterprise applications from any back-end
system.
Alphinat has been appointed by technology company peers to
associate member at the Smart Cities Council
(www.smartcitiescouncil.com).
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.
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
ability to find subscribers in connection with the proposed
debenture financing. 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.
Mr. Philippe LecoqChief Executive OfficerAlphinat Inc.(514)
398-9799 ext 222
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