Alphinat Announces a Loss of $53,538 for the Quarter Ended May 31, 2019
22 Julio 2019 - 10:03PM
Alphinat Inc. (TSXV: NPA) announces a loss of
$53,538 for the quarter ended May 31, 2019
During the quarter under review, Alphinat has
focused its efforts on nurturing and expanding its distribution
channels and on diversifying its software suite of high value
SmartGuide® derivative offerings.
In order to accelerate future growth, Alphinat
has continued to invest in new products based on SmartGuide along
three major areas of focus:
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1) |
SmartGuide® Portal Edition for Dynamics 365, now available, has
optimize the way that clients can now create and deploy online
services on top of Microsoft Dynamics 365. This offering is
available in SaaS mode as well as on premises; |
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2) |
SmartGuide® Municipal Cloud aims at offering unparalleled
productivity to municipalities. Municipalities will be able to
choose from a catalogue of pre-built applications, further
accelerating the speed at which they can deploy citizen-centric
services. These services include service requests, permitting and
licensing as well as numerous other citizen-facing services and
internal applications; |
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3) |
SmartGuide® CIVIC Portal for Amanda™1 is a derivative of the
Municipal solution front ending a partner solution for an improved
user experience for both the client cities and their citizens. |
During the quarter under review, the Company
sold a new SmartGuide development license to an agency of a G7
country as well for professional services sales to three agencies
of that federal government. and added to the company’s backlog of
professional services for a Canadian provincial client.
For the 3-month period ended May 31, 2019, the Company recorded
total revenue of $305,278 compared to $248,667 for the same period
in 2018 due mainly to a one-time increase in support and an
increase in professional services while license sales saw a slight
decrease.
Alphinat's financial statements and Management's
Discussion and Analysis for the quarter ended May 31, 2019 can be
found on SEDAR, at www.sedar.com.
About
Alphinat
Alphinat provides online software self-service
tools and workspaces that make it easy to deal with an
organization. Its software suite simplifies, accelerates and
improves interactions with all business constituents — resulting in
greater cost-effectiveness, customer satisfaction and employee
productivity.
That’s why we bring you new ways to empower the
right people at the right time in the application development
process. At the same time, we’re 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 our low-code platform SmartGuide®,
kickstart your project using one of our pre-built apps or engage us
or one of our partners to do the work for you, we’re here to help
you deploy better applications in record time. Visit
https://www.alphinat.com for more information. We look forward to
hearing from you.
Forward-looking
statements
Certain statements in this document, including
those which express management's expectations or estimations with
regards 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.
For further information please
contact:
Mr. Curtis Page Chief Executive Officer, Alphinat Inc. (514)
398-9799 ext 225
1 Amanda™ is a registered trade mark of CSCD Systems Inc.
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