|By Marketwired .||
|April 17, 2014 07:22 PM EDT||
MONTREAL, QUEBEC -- (Marketwired) -- 04/17/14 -- Alphinat Inc. ("Alphinat") (TSX VENTURE:NPA), a leader in innovative Software for the Smart Enterprise(TM), announces its results for the quarter ended February 28, 2014.
During the quarter under review, Alphinat has focused its efforts on nurturing and expanding its distribution channels and on diversifying its geographic and industry sector presence.
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. Furthermore, during the period under review, Alphinat has been involved in the implementation of SmartGuide with clients in various vertical markets.
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, a large municipality in France ordered additional SmartGuide licenses. SaaS sales by partner Vicrea have also continued to increase at a steady pace.
During the period under review, Alphinat received an order for delivery of a SaaS-based solution from a private sector enterprise.
The Workplace Safety and Insurance Board of Ontario (WSIB) and a client in Saskatchewan have confirmed the renewal of their respective annual software maintenance contracts.
In January 2014, the Company finalized a contract renewal with an agency of the government of France that allows France's SGMAP organization (Secretariat General de Modernisation de l'Appareil Public), the leading agency of the government of France for State Modernisation, to continue to leverage SmartGuide and SmartGuide PaaS Edition to deliver citizen-centric e-government services. The contract has been renewed for three years with an option for a fourth year. This new contract puts Alphinat in a direct relationship with the SGMAP and allows the client to acquire additional software licenses, annual maintenance and associated professional services.
Profit before financing expenses and amortization amount to $14,160 for the quarter ended February 28, 2014. The loss for the 3-month period ended February 28, 2014 is $27,782 or $0.001 per outstanding common share compared to a profit of $144,945 or $0.003 per outstanding common share for the corresponding period in 2013.
Alphinat's financial statements and Management's Discussion and Analysis for the quarter ending February 28, 2014 can be found on SEDAR, at www.sedar.com.
Additionally, Alphinat announces the issuance of 198,989 Bonus Shares as set forth in the Management Proxy Circular dated January 29, 2014. On August 7, 2013, as announced in its press releases, the Corporation closed the first tranche of a private placement consisting of Class A Units, each comprising a Class A Debenture accompanied by one Bonus Common Share per dollar of Class A Debenture subscribed and Class B Units, each comprising a Class B Debenture accompanied by one Bonus Common Share per dollar of Class B Debenture subscribed.
The Class A Debentures bear interest at 10% annually with interest payable quarterly and mature on September 30, 2017. They are redeemable by the Corporation on or after September 30, 2015. They were offered at their face value. The Class A and Class B Debenture holders have the right to convert the debentures at the principal amount plus any unpaid accrued interest into the next equity issue of the Corporation. In the event that the issue was offered at a discount to market the Class B Debenture holders are not be entitled to any discount. Conversion of debentures will be conditional to prior TSX Venture Exchange's approval and the conversion price will be based on market price at the time of conversion.
The Class B Units, including a Class B Debenture substantially identical to the Class A Debenture, were offered exclusively to Alphinat secured lenders (the "Secured Lenders") who advanced $500,000 (the "Secured Indebtedness") to the Corporation in October 2011. The Units were offered in the context of a Debt Settlement whereby in consideration of the cancellation of the Secured Indebtedness which bore interest at a substantially higher rate than the Class B Debenture, and the removal of the security for the Secured Indebtedness, the Corporation issued Class B Debentures having a value of 120% of the Secured Indebtedness being settled. The premium was offered in view of the importance of foregoing described benefits to the Corporation. In addition, the Secured Lenders were entitled to receive one Bonus Common Share per dollar of Class B Debenture subscribed, of which 154,761 Bonus Common Shares have been issued at closing and the remaining 198,989 Bonus Common Shares, will be issued only upon approval by the shareholders at a special meeting of the shareholders. In addition, the Secured Lenders were entitled to receive one Bonus Common Share per dollar of Class B Debenture subscribed, of which 154,761 Bonus Common Shares have been issued at closing and the remaining 198,989 Bonus Common Shares were to be issued only upon approval by the shareholders at a special meeting of the shareholders. The annual and special meeting of shareholders was held on February 26, 2014.
Software for the Smart Enterprise(TM) providing agility to leverage existing IT assets and lower costs.
Alphinat develops, markets and supports software technology that enables non-technical managers to configure and deploy form based Web and mobile applications and utilities that helps organizations and governments better serve clients whether they are looking to deploy on premise or in the Cloud. This technology uses sophisticated data organization and processing software to automate interactions between systems, employees, clients, suppliers and partners. The software seamlessly integrates into complex environments permitting a high level of collaboration in delivering user-centric services while leveraging existing IT assets. 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.
Mr. Philippe Lecoq
Chief Executive Officer
(514) 398-9799 ext 222
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 ad...
Feb. 14, 2016 01:00 PM EST Reads: 463
Join us at Cloud Expo | @ThingsExpo 2016 – June 7-9 at the Javits Center in New York City and November 1-3 at the Santa Clara Convention Center in Santa Clara, CA – and deliver your unique message in a way that is striking and unforgettable by taking advantage of SYS-CON's unmatched high-impact, result-driven event / media packages.
Feb. 14, 2016 01:00 PM EST Reads: 122
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
Feb. 14, 2016 12:15 PM EST Reads: 481
DevOps is not just last year’s buzzword. Companies with DevOps practices are 2.5x more likely to exceed profitability, market share, and productivity goals. But how do you enable high performance? What can you do right now to start? Find out from DevOps experts including Gene Kim, co-author of "The Phoenix Project," and the Dynatrace Center of Excellence.
Feb. 14, 2016 12:15 PM EST
SYS-CON Events announced today that iDevices®, the preeminent brand in the connected home industry, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. iDevices, the preeminent brand in the connected home industry, has a growing line of HomeKit-enabled products available at the largest retailers worldwide. Through the “Designed with iDevices” co-development program and its custom-built IoT Cloud Infrastruc...
Feb. 14, 2016 12:00 PM EST Reads: 165
In most cases, it is convenient to have some human interaction with a web (micro-)service, no matter how small it is. A traditional approach would be to create an HTTP interface, where user requests will be dispatched and HTML/CSS pages must be served. This approach is indeed very traditional for a web site, but not really convenient for a web service, which is not intended to be good looking, 24x7 up and running and UX-optimized. Instead, talking to a web service in a chat-bot mode would be muc...
Feb. 14, 2016 12:00 PM EST Reads: 327
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
Feb. 14, 2016 12:00 PM EST Reads: 291
The cloud competition for database hosts is fierce. How do you evaluate a cloud provider for your database platform? In his session at 18th Cloud Expo, Chris Presley, a Solutions Architect at Pythian, will give users a checklist of considerations when choosing a provider. Chris Presley is a Solutions Architect at Pythian. He loves order – making him a premier Microsoft SQL Server expert. Not only has he programmed and administered SQL Server, but he has also shared his expertise and passion w...
Feb. 14, 2016 12:00 PM EST
SYS-CON Events announced today that AppNeta, the leader in performance insight for business-critical web applications, will exhibit and present at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. AppNeta is the only application performance monitoring (APM) company to provide solutions for all applications – applications you develop internally, business-critical SaaS applications you use and the networks that deli...
Feb. 14, 2016 11:45 AM EST Reads: 455
Fortunately, meaningful and tangible business cases for IoT are plentiful in a broad array of industries and vertical markets. These range from simple warranty cost reduction for capital intensive assets, to minimizing downtime for vital business tools, to creating feedback loops improving product design, to improving and enhancing enterprise customer experiences. All of these business cases, which will be briefly explored in this session, hinge on cost effectively extracting relevant data from ...
Feb. 14, 2016 11:45 AM EST Reads: 168
SYS-CON Events announced today that Column Technologies will exhibit at SYS-CON's @DevOpsSummit at Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Established in 1998, Column Technologies is a global technology solutions provider with over 400 employees, headquartered in the United States with offices in Canada, India, and the United Kingdom. Column Technologies provides “Best of Breed” technology solutions that automate the key DevOps principal...
Feb. 14, 2016 11:45 AM EST
The Art of DevOps provides a fun overview to help teams understand DevOps. Written in the style of the famous 6th century Chinese manuscript “The Art of War,” this eBook describes DevOps in the form of a mission to continuously deliver assets to the operational battlegrounds safely, securely, and quickly. It’s a fun read with valuable insights.
Feb. 14, 2016 11:45 AM EST
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
Feb. 14, 2016 11:45 AM EST Reads: 290
Companies can harness IoT and predictive analytics to sustain business continuity; predict and manage site performance during emergencies; minimize expensive reactive maintenance; and forecast equipment and maintenance budgets and expenditures. Providing cost-effective, uninterrupted service is challenging, particularly for organizations with geographically dispersed operations.
Feb. 14, 2016 10:00 AM EST Reads: 106
Advances in technology and ubiquitous connectivity have made the utilization of a dispersed workforce more common. Whether that remote team is located across the street or country, management styles/ approaches will have to be adjusted to accommodate this new dynamic. In his session at 17th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., focused on the challenges of managing remote teams, providing real-world examples that demonstrate what works and what do...
Feb. 14, 2016 10:00 AM EST Reads: 372