Ms. Mahtab Abbasigaravand reports

ALPHINAT ANNOUNCES A LOSS OF $(43,866) FOR QUARTER ENDED MAY 31, 2024

Alphinat Inc. had a net loss of $43,866 for the first quarter of 2024, which ended May 31, 2024, compared with a net loss of $5,848 for the same period in 2023.

During the quarter ended May 31, 2024, Alphinat continued to focus the majority of its sales efforts on the public sector and its partners. SmartGuide is leveraged by federal, state/provincial and municipal government agencies to accelerate solution deliveries, improve productivity gains and user experiences.

In order to accelerate future growth, Alphinat has six main areas of solution deliveries:

1. SmartGuide grants and contributions solution was developed in conjunction with a federal department of the Canadian government. This platform offers unparalleled productivity for federal, state and municipal clients creating calls for grants, including financial program creations for applications, adjudication and payments.
2. SmartGuide portal edition for Dynamics 3651 (1) has optimize the way that clients can now create and deploy on-line services on top of Microsoft Dynamics 365 CRM (customer relationship management) solutions. This offering is available in SaaS (software-as-a-service) mode, as well as on premises.
3. 3.SmartGuide green house gas registry solution is a green fintech (financial technology) solution allowing governments and industry to work together in reducing the harmful effects of greenhouse gas. Alphinat currently has three provincial clients for the SmartGHGR.ca solution.
4. 4.SmartGuide claims solution was developed in conjunction with a major information technology (IT) consulting partner, which aims at offering unparalleled productivity to federal, state and municipal clients for financial claims applications, adjudication and settlements for financial compensation and class action settlements.
5. 5.SmartGuide civic portal, civic portal for permits and licensing, and SmartGuide municipal cloud are municipal cloud and on-premises solutions front-ending partner solutions and other digital services for improved user experience for both the cities and their citizens.
6. 6.SmartProfile, a secure single sign-on solution, is now a stand-alone solution, built on SmartGuide. It provides industry-leading flexible for full integration and end-user satisfaction.

For the three-month period ended May 31, 2024, revenues were $256 533, compared with $393,621 for the corresponding period of 2023. The net loss for the three-month period ended May 31, 2024, was $43,866 or 0.0695 cent per common share outstanding would correspond with a net loss of $5,848 or 0.01 cent per common share outstanding for the three-month period ended May 31, 2023.

Alphinat's financial statements and management's discussion and analysis for the period ended May 31, 2024, are available on SEDAR+.

About Alphinat Inc.

Alphinat is driven by the passion to make application development easy for everyone and system interoperability issues a thing of the past. The company enables people with the vision of how a finished application should look and behave to be a major part of the development process. After all, what better way to ensure a favourable outcome than to provide those closest to an application's end-users with a vested interest in its success throughout its development?

That is why Alphinat brings you new ways to empower the right people at the right time in the application development process. At the same time, the company is constantly working to reduce the need to code in order to make application development and maintenance simpler and less error prone

So, whether you choose to develop your applications with the help of Alphinat's low-code platform, SmartGuide, kickstart your project using one of its prebuilt apps, or engage the company or one of its partners to do the work for you, Alphinat is here to help you deploy better applications in record time.

(1) Dynamics 365 is a trademark of Microsoft Corp.

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