MONTREAL, QUEBEC -- (Marketwired) -- 12/19/14 -- Alphinat Inc. (TSX VENTURE: NPA) announces its results for the fiscal year ended August 31, 2014.
This past year, while maintaining its efforts on the public sector, Alphinat invested in diversifying its client base in the private sector. The diversification efforts to break into the private sector have lead to the delivery of a mobile reporting solution for a major North American airport operator's security services as well as the delivery of two SaaS-based intranet and extranet solutions based on SmartGuide to a large private sector organization in the payment processing industry. In the last quarter of the fiscal year ended August 31, 2014, Alphinat hired a Vice President Sales and Corporate Development to focus on partnering activities and commercial sales in the North American private sector. These last months' efforts are leading to a clear expression of interest by private sector enterprises in SmartGuide for the development of productivity applications and legacy system conversion to modern solutions that can be accessed by mobile devices and through the web.
For the 12-month period ended August 31, 2014, the Company recorded total revenue of $1,844,738 compared to $1,625,395 for the same period in 2014. The net loss for fiscal 2014 was $(231,618) or $(0.005) per (averaged outstanding) common share compared to net earnings of $26,099 or $0.001 per (averaged outstanding) common share in fiscal 2013.
Alphinat's financial statements and Management's Discussion and Analysis for the period ending August 31, 2014 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.
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 can be used in the healthcare, banking, insurance, telecommunications, public sectors 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 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.
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.
Contacts:
Mr. Philippe Lecoq
Chief Executive Officer
Alphinat Inc.
(514) 398-9799 ext 222
