03:03:00 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Alphinat Inc
Symbol NPA
Shares Issued 50,063,220
Close 2014-07-17 C$ 0.09
Market Cap C$ 4,505,690
Recent Sedar Documents

Alphinat earns $4,626 in fiscal Q3

2014-07-29 16:11 ET - News Release

Mr. Philippe Lecoq reports

ALPHINAT ANNOUNCES PROFIT FOR QUARTER ENDED MAY 31, 2014

Alphinat Inc. had 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 licence sales and delivery, for OEM (original equipment manufacturer) agreements, and for launching SaaS (software as a service) services.

One of the discussions initiated during the period under review has led to the announcement on June 26, 2014, of a reseller agreement with Unisys Corp. for the commercialization of Alphinat's SmartGuide and SmartGuide PaaS Edition (platform as a service) software. The company is pleased to be working with Unisys and its team of experts with deep deployment know-how and innovative solution implementations. This agreement underlines Alphinat's commitment to work closely with the company's 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.

The company continues 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 United States and in Canada. During the same period, a large municipality in France ordered additional SmartGuide licences. 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, SmartGuide is now being used by 17 municipalities in North America and Europe.

During the quarter under review, France's SGMAP (Secretariat General de Modernisation de l'Appareil Public) organization, the leading agency of the government of France for state modernization, has purchased additional licences 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 amounted to $38,674 for the quarter ended May 31, 2014, compared with $36,853 for the corresponding quarter in 2013. The profit for the three-month period ended May 31, 2014, amounted to $4,626 or 0.01 cent per outstanding common share, compared with a profit of $5,056 or 0.01 cent 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.

Also, Alphinat 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 12 cents.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.