Alphinat Announces Extension to Maturity Date of $500,000 Loan Facility

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Alphinat Inc. (TSX VENTURE:NPA) a leader in innovative Software for the Smart
Enterprise(TM), announces that it has entered into an agreement with all the
lenders under the October 7, 2011 $500,000 Secured Loan Agreement to extend the
maturity date for the reimbursement of the Loan from September 30, 2012 to March
31, 2013, with more favourable interest rates. In addition, under certain
conditions, at the sole discretion of Alphinat, the Company may extend the March
31, 2013 maturity date to September 30, 2013. In consideration of the lenders
consenting to the first extension the Corporation shall issue one Common Share
of Alphinat for each dollar of loan held by the respective lenders, for a total
of 500,000 Common Shares at an issue price of $.05 per share. Should Alphinat
extend the maturity date to September 30, 2013 it will issue to the lenders 1.5
Common Shares of Alphinat for each dollar of loan held by the respective
lenders, for a total of 750,000 Common Shares at the market price then in
effect. 


About Alphinat

Alphinat provides online 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.


Deployable natively in J2EE or .NET environments, on premise or on the Cloud,
SmartGuide can help quickly build interactive web dialogs that guide people to
the relevant response, help them diagnose problems or lead them through a series
of well-defined steps that make it easy to complete complex-or infrequently
performed-tasks. It is ideally suited for:




--  Customer self-service 
--  Electronic forms 
--  Knowledge bases 
--  Guided selling 
--  Diagnostic tools 
--  Life event based applications 
--  Education or training 



SmartGuide is the only web-based development platform that allows business users
to fully manage the business content and logic of an application through
easy-to-use, drag and drop tools. In fact, SmartGuide is chock-full of
point-and-click features that other solutions require developers to code, making
your applications easier to build, test and maintain. Furthermore, SmartGuide
will automatically generate customizable documentation of the application being
built.


A short 9-minute demonstration of the Designer portion is available at:
http://www.alphinat.com/en/products/smartguide/demos.jsp.


Alphinat technology could be used in the government sector, 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.


Forward-looking statements

Certain statements in this document, including those which express management's
expectations or estimations with regard 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 and CCFL
Capital's ability to find subscribers in connection with the proposed private
placement. This is only one of the 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. Unless required by
law, 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.
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