Alphinat Announces Profit of $112 751 or an Increased of 23% in Fiscal Year Ended on August 31, 2022

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MONTREAL, QC / ACCESSWIRE / December 16, 2022 / Alphinat Inc. (TSXV:NPA) For the fiscal year ending on August 31, 2022, the company announces a profit margin of $112 751.

Alphinat has focused its commercial efforts in fiscal 2022 on partnerships and accelerating solutions sales to the public sector. Furthermore, SmartGuide continues being used by federal government departments & agencies, state / provincial and municipal governments.

SmartGuide is a leading provider of on-premises and cloud services. Our teams have been involved in many strategic GreenHouse Gas Registry projects. This demonstrates the high level of productivity SmartGuide provides to clients and partners. Alphinat is always looking for ways to improve user experience and interoperability between client IT infrastructures.

SmartGuide allows IT to concentrate on infrastructure, technical conventions and security, while business subject matter specialists build on that foundation to transform their knowledge into citizen-centric online services. SmartGuide has been proven to be more cost-effective than custom coded solutions.

Alphinat now counts five major areas of solution delivery in order to increase its future growth.

  1. SmartGuide® Grants and Contributions Solution (www.SmartGrants.caThis platform was created in collaboration with a Canadian federal department. This platform provides unparalleled productivity to federal, state, municipal clients that create grants calls, including financial program creations, adjudication, and payments.

  2. SmartGuide® Portal Edition for Dynamics 365[1] (www.smartD365.com) has optimize the way that clients can now create and deploy online services on top of Microsoft Dynamics 365 CRM solutions. This service is available both in SaaS and on-premises.

  3. SmartGuide® Green House Gas Registry solutions (www.SmartGHGR.ca) is a green fintech solution allowing governments and industry to work together in reducing the harmful effects of greenhouse gas. Alphinat currently has three clients in the provinces for SmartGHGR.ca.

  4. SmartGuide® Claims solutions (www.SmartClaims.ca) was developed in conjunction with a major 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. SmartGuide® CIVIC Portal, CIVIC Portal for Permits & Licensing (www.PermitSmart.caSmartGuide® Municipal Cloud provides on-premises and Municipal Cloud solutions, as well end partner solutions, and other digital services to improve the user experience of both cities and citizens.

During 2022, our R&D team has continued to improve SmartGuideand SmartGuide derivative products in order to support the growing ambitions of our clients and partners all while supporting our own strategic growth. Our repeatable solutions now include financial claims automation processing and class actions. We are now marketing these solutions together with an IT consulting partner.

The team offers solutions to various federal, provincial and municipal agencies across North America as well Europe. Additionally, the company supports its partners to ensure that solutions are delivered to government customers.

For the 12-month period ending August 31, 2022 the Company had total revenue of $1651,074 as compared with $1,558,396 during the same period in 2021. Net earnings for fiscal 2022 are $112 751 or $0.002 each common share, compared to net earnings in fiscal 2021 of $91,928/ $0.0015 each common share.

On SEDAR, Alphinat can provide financial statements and Management’s Discussion and Analyse for the period ending on August 31, 2022. www.sedar.com.

Alphinat

Alphinat’s passion is to make application development easier for everyone, and to eliminate system interoperability issues. As a part of the application development process, we empower people who have a clear vision of what an application should look and feel like. It is a better way to guarantee a positive outcome than to give those closest to the application’s users a stake in its success during its development.

This is why we offer new ways to empower the right people at just the right moment in the application development process. In order to make maintenance and development of applications easier and more error-free, we are constantly trying to reduce the amount of code.

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-builtapps or engage us or one of our partnersto do the work for you, we’re here to help you deploy better applications in record time. Visit us at https://www.alphinat.com Find out more. We are looking forward to hearing from your.

Forward-looking statements

Forward-looking statements are statements that reflect management’s expectations or estimates regarding the Company’s future performance. This includes statements made in this document. These statements, along with those that describe management’s thoughts and estimations about the Company’s future performance, are defined as statements under applicable securities laws. Forward-looking statements must be based upon a number of assumptions and hypotheses. Although management believes these statements to be accurate at their time, they are still subject to significant uncertainties. These forward-looking statements are subject to uncertainties and other factors. They could cause actual results, performance, or achievements to differ materially from those expressed or implied by these forward-looking statements. Many factors can cause material differences between the actual results and those in forward-looking statement. These include, among others, the Company’s potential acceptance of its product on the market and its ability to penetrate new countries; potential defects or undetected problem in its products; its ability to manage growth; its ability to compete against other companies; potential commitments; maintaining its intellectual property rights, defending against litigation that might put those rights in jeopardy; the Company’s dependence on its key personnel; and the Company’s access to sufficient capital for its future needs. These are just a few of the factors that could impact any forward-looking statements. The forward-looking statements should not be relied upon by investors. This advisory applies all forward-looking statement, written or oral, that are attributed to Alphinator and to anyone expressing them in the company’s name. The Company’s Annual Report contains more information about the risks and uncertainties that affect the Company.

Neither TSX Venture Exchange or its Regulation Services Provider (as defined in the policies by the TSX Venture Exchange), accepts liability for the accuracy and adequacy this release.

Contact:

Mr. Curtis Page
Chief Executive Officer
AlphinatInc.

[1] Microsoft Corporation trademark Dynamics 365

SOURCE: Alphinat Inc.

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