Alphinat Announces a Profit for Quarter Ended May 31, 2015

MONTREAL, QUEBEC--(Marketwired - July 28, 2015) - Alphinat Inc. (TSX VENTURE:NPA) announces its results for the quarter ended May 31, 2015.

During the quarter under review, Alphinat has focused its efforts on nurturing and expanding its distribution channels and on diversifying its geographic and industry sector presence.

Our sustained efforts with the Federal Government of Canada have been rewarded with a new SmartGuide license sale that is being delivered with one of our partners.

The quarter under review also saw Alphinat conclude the sale of a SmartGuide license sale with a Provincial liquor and gaming authority in Canada.

Over the last few months, our R&D efforts have been mainly focused on finalizing version 6 of SmartGuide (v6), which will ship in September. Initial demonstrations of v6 have been met with great interest by potential clients and partners. Improvements in usability and additions of native functionality further lower the technical barrier to be able to use SmartGuide while providing Alphinat with a larger market potential.

For the 3-month period ended May 31, 2015, the Company recorded total revenue of $477,492 compared to $516,287 for the same period in 2014. For the 3-month period ended May 31, operating expenses amounted to $365,150 in 2015 compared to $477,613 in 2014. Net earnings for the period ended May 31, 2015 amounted to $65,090 or $0.001 per outstanding common share compared to net earnings of $4,626 or $0.0001 per outstanding common share for the 3-month period ended May 31, 2014.

Alphinat's financial statements and Management's Discussion and Analysis for the quarter ending May 31, 2015 can be found on SEDAR, at www.sedar.com.

About Alphinat

Alphinat is the creator of SmartGuide®, a next generation application development and deployment productivity toolset providing agility to leverage existing IT assets and lower costs for a one-stop delivery tool of Web and mobile enterprise applications from any back-end system.

Alphinat has been appointed by technology company peers to associate member at the Smart Cities Council (www.smartcitiescouncil.com).

Alphinat technology is also 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.