|By Marketwired .||
|July 29, 2014 04:02 PM EDT||
MONTREAL, QUEBEC -- (Marketwired) -- 07/29/14 -- Alphinat Inc. (TSX VENTURE: NPA) announces a profit for the quarter ended May 31, 2014.
During the quarter under review, Alphinat continued to focus 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 and delivery, for OEM agreements, as well as for launching SaaS services.
One of the discussions initiated during the period under review has lead to the announcement on June 26, 2014 of a reseller agreement with Unisys Corporation for the commercialization of Alphinat's SmartGuide® and SmartGuide® PaaS Edition software. The Company is pleased to be working with Unisys and their team of experts with deep deployment know-how and innovative solution implementations. This agreement underlines Alphinat's commitment to work closely with our partners and help them provide productivity solutions that are Cloud and mobile ready.
Other reseller and OEM agreements are currently in discussion in North America and in Europe.
We continue to see uptake in sales, 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.
In Europe, Alphinat is delivering SaaS-based intranet and extranet solutions based on SmartGuide for a large private sector organization.
Alphinat is also currently delivering an airport security reporting solution for a major North American airport operator.
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 in the Netherlands have also continued to increase at a steady pace. Alphinat is proud to announce that through its partners and direct sales, that SmartGuide is now being used by 17 municipalities in North America and Europe.
During the quarter under review, France's SGMAP organization (Secretariat General de Modernisation de l'Appareil Public), the leading agency of the government of France for State Modernisation, has purchased additional licenses of SmartGuide to deliver citizen-centric e-government services.
Alphinat intends to pursue its partnership strategy with consulting firms and systems integrators for resale and delivery of SmartGuide, with independent software vendors for OEM agreements and with other partners for the launch of SaaS services. Management believes that these agreements will help reduce the sales cycle of the company's products while giving it exposure to a greater number of potential clients.
Profit before financing expenses and amortization amount to $ 38,674 for the quarter ended May 31, 2014 compared to $36,853 for the corresponding quarter in 2013. The profit for the 3-month period ended May 31, 2014 amounts to $4,626 or $0.0001 per outstanding common share compared to a profit of $5,056 or $0.0001 per outstanding common share for the corresponding quarter in 2013.
Alphinat's financial statements and Management's Discussion and Analysis for the quarter ending May 31, 2014 can be found on SEDAR, at www.sedar.com.
Also, Alphinat Inc. announces that on July 28, 2014, the company's Board of Directors granted stock options representing a total of 210,000 common shares to Directors of the Company. The exercise price on the options, which expire on July 28, 2019, is $0.12.
Alphinat provides SmartGuide® and SmartGuide PaaS Edition, leading Web, Mobile and Cloud Solution Development Platforms that enable organizations to easily create, deploy and manage intelligent and personalized web applications. SmartGuide provides organizations with the agility to quickly deliver efficient online services to all their stakeholders while unleashing the full value of existing corporate IT assets. Alphinat technology can benefit organizations of all sizes and industries by helping them modernize, automate and render cost-effective a number of business processes at a fraction of the cost associated with conventional customized solutions. Alphinat is headquartered in Montreal, Quebec, with offices in Paris, New York and Zurich. For more information, please visit http://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 Alphinat Inc.
(514) 398-9799 ext 222
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