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Alphinat Announces Its Results for the Fiscal Year Ended August 31, 2012
By: Marketwired .
Dec. 27, 2012 01:12 PM
MONTREAL, QUEBEC -- (Marketwire) -- 12/27/12 -- Alphinat Inc. (TSX VENTURE:NPA) announces its results for the fiscal year ended August 31, 2012.
During fiscal year 2012, Alphinat pursued its partnership strategy aimed at supporting and accelerating commercialization of SmartGuide, both for enterprise license sales and for SaaS-based services built using SmartGuide. The OEM agreement Alphinat signed with CSDC Systems Inc. (www.csdcsystems.com) and the Bull (www.bull.com) distribution agreement are a testament to the success of this strategy. Furthermore, Alphinat's commercialization efforts have resulted in the sale of SmartGuide licenses to two new Canadian provinces.
During fiscal 2011, Alphinat recognized revenue totalling $793,915 compared to $682,783 for 2011 and $1,255,514 for 2010. Net losses for fiscal 2012 totalled $787,783 compared to a net loss of $940,845 for fiscal 2011.
Alphinat's financial statements and Management's Discussion and Analysis for the period ending August 31, 2012 can be found on SEDAR, at www.sedar.com.
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.
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