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ALPHINAT ANNOUNCES THE APPOINTMENT OF MR. PAUL LOWENSTEIN TO ITS BOARD OF DIRECTORS AND THE GRANT OF OPTIONS TO DIRECTORS AND O

^{Published on 2011-03-02 15:25:28 - Market Wire}
 

MONTREAL, March 2 /CNW Telbec/ - Alphinat Inc. ("Alphinat") (TSXV: NPA), a leader in innovative Software for the Smart Enterprise™, is pleased to announce the appointment of Mr. Paul Lowenstein to the board of Directors of the Company.

Mr. Lowenstein has a B.A. from McGill University (1958) and an MBA from the University of Michigan (1959).  After obtaining his Chartered Accountancy degree in 1964, Mr. Lowenstein joined Edper Investments in Montreal, Canada, a Bronfman family investment company, and, in 1968, was appointed its Vice-President and Treasurer.  In 1969, along with two other co-founders, he formed Kauser, Lowenstein & Meade Ltd., which initiated three firms, each of which, over subsequent years, became leading Canadian financial service and investment companies in their respective sectors: Innocan Investments Ltd. (venture capital); Altamira Management Ltd. (mutual fund management); and Canadian Corporate Funding Ltd. ("CCFL") (mid-market merchant banking).  In 1979, Mr. Lowenstein acquired CCFL and, over the subsequent 25 years, developed that firm into one of Canada's leading providers of mid-market merchant banking services, including the formation of several institutionally-backed private equity funds. Mr. Lowenstein is currently Chairman of CCFL Partners, a specialized finance boutique providing strategic financial services to mid-sized private and public companies. Mr. Lowenstein is also Chairman of Northbridge, a private equity firm that invests in mid-market growth companies in North America on behalf of its clients/investors which include high net worth investors, major family offices and institutional clients.

Also, Alphinat Inc. announces that on March 1, 2011, the company's Board of Directors granted stock options representing a total of 550,000 common shares to directors and officers of the Company. The exercise price on the options, which expire on March 1, 2016, is $0.12.

About Alphinat

Software for the Smart Enterprise™ providing agility to leverage existing IT assets and lower costs. Alphinat develops, markets and supports software technology that enables non-technical managers to create, configure and deploy form based Web applications, utilities and solutions that helps organizations and governments better serve clients. This technology uses sophisticated data organization and processing software to automate interactions between systems, employees, clients, suppliers and partners. The software is ubiquitous across organizational entities and information processing platforms, permitting a high level of collaboration in delivering complex interaction and service outcomes using existing legacy systems and new architectures.  It provides efficient and cost-effective solutions to clients at both the time of acquisition and on an ongoing basis.

Alphinat technology could also be 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 ].

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.