Alphinat announces a loss of $85,157 for the fiscal quarter ended February 28, 2022

Alphinat Inc. (TSXV:NPA) announces a loss of $85,157 for the fiscal quarter ended February 28, 2022

During the quarter ended February 28, 2022, Alphinat focused most of its commercial efforts on its partnerships and the acceleration of sales in the public sector. In addition, SmartGuide software continues to be used by Federal Government Departments and Agencies, State/Provincial and Municipal Governments.

Our teams are involved in a variety of strategic projects with very short delivery times, demonstrating the level of productivity that SmartGuide offers to our customers and partners. At Alphinat, we are constantly looking for ways to improve the user experience and the interoperability of customers’ IT infrastructures.

SmartGuide allows IT to focus on infrastructure, technical conventions, connections to legacy systems, and security, while business experts build on this foundation to convert their knowledge and know-how into customer-centric online services. citizen. SmartGuide has time and again proven to provide our customers and partners with the lowest total cost of ownership (“TCO”) compared to custom coded solutions.

In order to accelerate its future growth, Alphinat has considerably broadened its horizons by now counting four main areas of solution development:

  1. smart guide® Portal Edition for Dynamics 3651 has optimized how customers can now build and deploy online services on top of Microsoft Dynamics 365 CRM solutions. This offer is available in SaaS mode as well as on site;
  2. SmartGuide® GreenHouse Gas Registry Solutions (SmartGHGR.ca) is a green financial technology solution for governments and industry to work together to reduce the harmful effects of greenhouse gases. Alphinat currently has two provincial clients for our SmartGHRG.ca solution.
  3. smart guide® Claims Solutions (SmartClaims.ca) was developed in conjunction with a leading IT consulting partner, which aims to deliver unparalleled productivity to federal, state and municipal clients for financial claims inquiries, adjudications and settlements of financial compensation and class action settlements with customizable citizen-facing services and internal applications.
  4. smart guide® CIVIC Portal, CIVIC Portal for Amanda™2 and SmartGuide® Municipal Cloud are municipal and on-premises cloud solutions, front-end partner solutions and other digital services for an enhanced user experience for both client cities and their citizens.

During the quarter ended February 28, 2022, our R&D team continued to improve SmartGuide and SmartGuide-derived products to support the growing ambitions of our customers and partners while supporting our own strategic growth. We have added automated class action and financial claims processing to our repeatable solution offerings and are marketing these solutions with an IT consulting partner.

The team provides solutions to various Federal, State/Provincial and Municipal agencies across North America. In addition, the company continues to be involved in supporting its partners to ensure the delivery of solutions to government customers.

For the 3-month period ended February 28, 2022, the Company recorded total revenues of $310,521 compared to $402,974 for the same period in 2021. The net loss for the quarter ended February 28, 2022 amounts to ($85,157) or $0.001 per common share compared to a net loss of $(6,376) or $0.0001 per common share for the same period ended February 28, 2021.

Alphinat’s financial statements and management report for the period ending February 28, 2022 are available on SEDAR at www.sedar.com.

About Alphinat

At Alphinat, we are driven by a passion to make application development easy for everyone and system interoperability issues are a thing of the past. We allow people with a vision of how a finished application will look and behave to play a major role in the development process. After all, what better way to ensure a favorable outcome than to provide those closest to an application’s end users with a vested interest in its success throughout its development?

That’s why we’re bringing you new ways to empower the right people at the right time throughout the app development process. At the same time, we are constantly striving to reduce the need for coding in order to simplify application development and maintenance and reduce the risk of errors.

So whether you choose to develop your apps using our low-code SmartGuide® platform, start your project using one of our pre-built apps, or hire us or one of our partners, to do the work for you, we are here to help you deploy better applications in record time. Visit us at https://www.alphinat.com for more information. We look forward to hearing from you.

Forward-looking statements

Certain statements contained herein, including those that express management‘s expectations or estimates regarding the Company’s future performance, constitute “forward-looking statements” within the meaning of applicable securities laws. Forward-looking statements are necessarily based on a number of estimates and assumptions; although management believes these to be accurate at the time they are made, they are inherently subject to significant business, economic and competitive risks and uncertainties. We advise readers that these forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements. expressed or implied by these forward-looking statements. differences between the actual results and those described in the forward-looking statements. These include, but are not limited to, the Company’s ability to increase market acceptance of its products and enter new markets; the potential existence of undetected defects or 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 involving these rights; the Company’s dependence on the knowledge of its key personnel; and the Company’s access to sufficient capital to fund its future needs. This is a partial and non-exhaustive list of factors that could affect any of our forward-looking statements. Investors are cautioned not to place undue reliance on forward-looking statements. This notice applies to all forward-looking statements, whether expressed orally or in writing, attributed to Alphinat or to any person expressing them on behalf of the Company. The Company undertakes no obligation to publicly update these forward-looking statements, whether to reflect new information, future events or other circumstances. The risks and uncertainties facing the Company are described in more detail in the Company’s annual report.

Neither the 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 more information, please contact:

Mr. CurtisPage
Chief executive officer
Alphinat Inc.
(514) 398-9799 ext. 225

1 Dynamics 365 is a trademark of Microsoft Corporation

2 Amanda™ is a registered trademark of Granicus

THE SOURCE: Alphinat Inc.

See the source version on accesswire.com:
https://www.accesswire.com/699219/Alphinat-Announces-a-Loss-of-85157-for-Fiscal-Quarter-Ended-Feburary-28-2022

About Donnie R. Losey

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