The Department of Labour at a New England State Acquires SmartGuide Production Licence and Alphinat Announces Results of Annual and Special Meeting Held on February 25, 2021

Alphinat Inc. (TSXV:NPA) ("Alphinat" or the "Corporation") is pleased to announce that the Department of Labour at a New England State acquired a SmartGuide® production licence for secure portal from Alphinat

In addition, Alphinat is pleased to announce the vote results of its annual general and special meeting of shareholders of the Corporation (the "Shareholders") held Thursday, February 25, 2021 with the required quorum of voting Shareholders.

Each of the nominee directors listed in the Corporation's management information circular dated January 21, 2021 (the "Circular"), being Michel Lemoine,Curtis Page, Benoit Ste-Marie, Marcel Elefant, Eric David and Karyn Pellatt-Caron were elected as directors with no less than 97% of the votes cast.

The resolution to appoint Raymond Chabot Grant Thornton, as auditors of the Corporation for the current financial year 2021, to hold office until the next meeting of Shareholders, and authorize the board of directors of the Corporation to set the compensation to be paid to the auditors was also approved with 100 % of the votes for the resolution.

The resolution to amend the stock option plan by authorizing the Corporation to increase the maximum aggregate number of Common Shares that may be issued pursuant to the exercise of options under the stock option plan, as described in the Circular, was approved by a majority of disinterested Shareholders representing 87.4 % of the disinterested votes cast.

About Alphinat

At Alphinat, we are driven by the passion to make application development easy for everyone and system interoperability issues a thing of the past. We enable people with the vision of how a finished application should look and behave to be a major part of 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 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 secure user-friendly applications in record time. Visit us at https://www.alphinat.com for more information.

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

SOURCE:Alphinat Inc.

View source version on accesswire.com:
https://www.accesswire.com/632398/The-Department-of-Labour-at-a-New-England-State-Acquires-SmartGuideR-Production-Licence-and-Alphinat-Announces-Results-of-Annual-and-Special-Meeting-Held-on-February-25-2021

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Alphinat TSXV:NPA Fintech Investing

Real Matters to Hold Virtual Annual General Meeting on February 8, 2024

Real Matters Inc. ("Real Matters"), a leading network management services provider for the mortgage lending and insurance industries, will be holding its Annual General Meeting (the "Meeting") on Thursday, February 8, 2024 at 10:00 a.m. (Eastern Standard Time). The Meeting will be conducted online only, via audio webcast at: www.virtualshareholdermeeting.com/realmatters2024 .

Registered and non-registered shareholders entitled to vote at the Meeting may vote by proxy in advance of the Meeting. However, only registered shareholders and duly appointed proxyholders (including non-registered shareholders who have duly appointed themselves as proxyholder) will be entitled to vote at the Meeting during the live audio webcast. Non-registered shareholders who have not duly appointed themselves as proxyholders will be able to attend the Meeting and ask questions, but will not be able to vote. Guests will be able to attend the Meeting but will not be able to submit questions, vote their shares (if any) or otherwise participate in the Meeting. Please note that registered shareholders will need the 16-digit control number indicated on the form of proxy accompanying their Notice of Meeting to log on to the Meeting as a "Shareholder". Duly appointed proxyholders will need the Appointee Name and 8-character Appointee Identification Number to log on to the Meeting as a "Proxyholder / Appointee". Otherwise, shareholders or duly appointed proxyholders, as applicable, will have to log on as "Guests". Please refer to the Company's Management Information Circular in the Investor Relations section of our website for additional details on how to log on to the Meeting.

News Provided by Business Wire via QuoteMedia

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(millions of dollars)		Quarter ended
		2024			2023			2023			2023			2023		% Change
		Q1			Q4			Q3			Q2			Q1		Quarter over Quarter		Year over Year
Consolidated
Revenue	$	35.4		$	42.2		$	46.0		$	37.6		$	38.2		-16	%	-7	%
Net Revenue ^(A)	$	9.7		$	11.2		$	12.1		$	9.9		$	9.8		-13	%	-1	%
Adjusted EBITDA ^(A)	$	(1.1	)	$	0.6		$	1.7		$	(1.7	)	$	(2.9	)	-280	%	64	%
Net (loss) income	$	(3.6	)	$	1.6		$	(0.6	)	$	(2.6	)	$	(4.6	)	-322	%	22	%
Net (loss) income per diluted share	$	(0.05	)	$	0.02		$	(0.01	)	$	(0.04	)	$	(0.06	)	-350	%	17	%
Adjusted Net (loss) income ^(A)	$	(1.2	)	$	0.8		$	1.0		$	(1.9	)	$	(2.1	)	-241	%	43	%
Adjusted Net (loss) income ^(A) per diluted share	$	(0.02	)	$	0.01		$	0.01		$	(0.03	)	$	(0.03	)	-300	%	33	%

U.S. Appraisal segment
Revenue	$	26.8		$	31.2		$	33.5		$	28.0		$	28.3		-14	%	-5	%
Net Revenue ^(A)	$	7.5		$	8.6		$	9.2		$	7.7		$	7.6		-13	%	-2	%
Net Revenue ^(A) margin		27.9	%		27.5	%		27.5	%		27.6	%		27.0	%
Adjusted EBITDA ^(A)	$	2.7		$	3.9		$	4.8		$	3.1		$	2.3		-32	%	16	%
Adjusted EBITDA ^(A) margin		35.8	%		46.0	%		52.0	%		40.6	%		30.4	%

U.S. Title segment
Revenue	$	2.0		$	2.3		$	2.6		$	2.2		$	2.4		-13	%	-14	%
Net Revenue ^(A)	$	1.0			1.0		$	1.2			0.8		$	0.8		-8	%	18	%
Net Revenue ^(A) margin		47.3	%		45.0	%		45.2	%		36.8	%		34.7	%
Adjusted EBITDA ^(A)	$	(1.6	)	$	(1.6	)	$	(1.6	)	$	(2.3	)	$	(2.9	)	-2	%	44	%
Adjusted EBITDA ^(A) margin		-167.9	%		-150.4	%		-133.6	%		-279.3	%		-353.4	%

Canadian segment
Revenue	$	6.6		$	8.7		$	9.9		$	7.4		$	7.5		-24	%	-12	%
Net Revenue ^(A)	$	1.2		$	1.6		$	1.7		$	1.4		$	1.4		-20	%	-8	%
Net Revenue ^(A) margin		18.8	%		17.9	%		17.6	%		18.7	%		17.9	%
Adjusted EBITDA ^(A)	$	0.7		$	1.2		$	1.3		$	1.0		$	0.9		-38	%	-19	%
Adjusted EBITDA ^(A) margin		56.8	%		72.9	%		73.7	%		69.8	%		64.2	%

Corporate segment
Adjusted EBITDA ^(A)	$	(2.9	)	$	(2.9	)	$	(2.8	)	$	(3.5	)	$	(3.2	)	2	%	9	%

								Quarter ended
		Q1 2024			Q4 2023			Q3 2023			Q2 2023			Q1 2023

Net (loss) income	$	(3.6	)	$	1.6		$	(0.6	)	$	(2.6	)	$	(4.6	)
Operating expenses		11.6			10.9			10.7			11.9			13.2
Amortization		0.8			0.9			1.0			1.0			1.0
Restructuring expenses		-			-			-			0.4			1.3
Interest expense		0.1			0.1			0.1			0.1			0.1
Interest income		(0.4	)		(0.3	)		(0.2	)		(0.2	)		(0.1	)
Net foreign exchange loss (gain)		2.0			(1.8	)		1.8			0.1			1.0
Gain on fair value of derivatives		(0.2	)		(0.1	)		(0.5	)		(0.3	)		-
Income tax recovery		(0.6	)		(0.1	)		(0.2	)		(0.5	)		(2.1	)
Net Revenue	$	9.7		$	11.2		$	12.1		$	9.9		$	9.8

								Quarter ended
		Q1 2024			Q4 2023			Q3 2023			Q2 2023			Q1 2023

Net (loss) income	$	(3.6	)	$	1.6		$	(0.6	)	$	(2.6	)	$	(4.6	)
Stock-based compensation expense		0.8			0.3			0.3			0.3			0.5
Amortization		0.8			0.9			1.0			1.0			1.0
Restructuring expenses		-			-			-			0.4			1.3
Interest expense		0.1			0.1			0.1			0.1			0.1
Interest income		(0.4	)		(0.3	)		(0.2	)		(0.2	)		(0.1	)
Net foreign exchange loss (gain)		2.0			(1.8	)		1.8			0.1			1.0
Gain on fair value of derivatives		(0.2	)		(0.1	)		(0.5	)		(0.3	)		-
Income tax recovery		(0.6	)		(0.1	)		(0.2	)		(0.5	)		(2.1	)
Adjusted EBITDA	$	(1.1	)	$	0.6		$	1.7		$	(1.7	)	$	(2.9	)

								Quarter ended
		Q1 2024			Q4 2023			Q3 2023			Q2 2023			Q1 2023

Net (loss) income	$	(3.6	)	$	1.6		$	(0.6	)	$	(2.6	)	$	(4.6	)
Stock-based compensation expense		0.8			0.3			0.3			0.3			0.5
Amortization of intangibles		0.4			0.4			0.4			0.4			0.4
Restructuring expenses		-			-			-			0.4			1.3
Net foreign exchange loss (gain)		2.0			(1.8	)		1.8			0.1			1.0
Gain on fair value of derivatives		(0.2	)		(0.1	)		(0.5	)		(0.3	)		-
Related tax effects		(0.6	)		0.4			(0.4	)		(0.2	)		(0.7	)
Adjusted Net (Loss) Income	$	(1.2	)	$	0.8		$	1.0		$	(1.9	)	$	(2.1	)

(millions of dollars)		Quarter ended																	Year ended							%
		2023			2023			2023			2023			2022		% Change					2023			2022		Change
		Q4			Q3			Q2			Q1			Q4		Quarter over Quarter	Year over Year			September 30			September 30			Year over Year
Consolidated
Revenue	$	42.2		$	46.0		$	37.6		$	38.2		$	58.2		-8%	-28	%		$	163.9		$	339.6		-52	%
Net Revenue ^(A)	$	11.2		$	12.1		$	9.9		$	9.8		$	14.4		-8%	-22	%		$	43.0		$	85.4		-50	%
Adjusted EBITDA ^(A)	$	0.6		$	1.7		$	(1.7	)	$	(2.9	)	$	(1.1	)	-64%	153	%		$	(2.4	)	$	7.4		-132	%
Net income (loss)	$	1.6		$	(0.6	)	$	(2.6	)	$	(4.6	)	$	(10.0	)	362%	116	%		$	(6.2	)	$	(9.3	)	33	%
Net income (loss) per diluted share	$	0.02		$	(0.01	)	$	(0.04	)	$	(0.06	)	$	(0.14	)	300%	114	%		$	(0.08	)	$	(0.12	)	33	%
Adjusted Net income (loss) ^(A)	$	0.8		$	1.0		$	(1.9	)	$	(2.1	)	$	-		-14%	0	%		$	(2.2	)	$	2.5		-188	%
Adjusted Net income (loss) ^(A) per diluted share	$	0.01		$	0.01		$	(0.03	)	$	(0.03	)	$	-		0%	0	%		$	(0.03	)	$	0.03		-200	%

U.S. Appraisal segment
Revenue	$	31.2		$	33.5		$	28.0		$	28.3		$	43.9		-7%	-29	%		$	120.8		$	250.9		-52	%
Net Revenue ^(A)	$	8.6		$	9.2		$	7.7		$	7.6		$	11.1		-7%	-23	%		$	33.1		$	55.5		-40	%
Net Revenue ^(A) margin		27.5	%		27.5	%		27.6	%		27.0	%		25.4	%						27.4	%		22.1	%
Adjusted EBITDA ^(A)	$	3.9		$	4.8		$	3.1		$	2.3		$	4.5		-18%	-14	%		$	14.1		$	27.0		-48	%
Adjusted EBITDA ^(A) margin		46.0	%		52.0	%		40.6	%		30.4	%		41.0	%						42.8	%		48.6	%

U.S. Title segment
Revenue	$	2.3		$	2.6		$	2.2		$	2.4		$	4.0		-11%	-41	%		$	9.6		$	36.5		-74	%
Net Revenue ^(A)	$	1.0		$	1.2		$	0.8		$	0.8		$	1.8		-11%	-40	%		$	3.9		$	23.0		-83	%
Net Revenue ^(A) margin		45.0	%		45.2	%		36.8	%		34.7	%		44.1	%						40.6	%		63.1	%
Adjusted EBITDA ^(A)	$	(1.6	)	$	(1.6	)	$	(2.3	)	$	(2.9	)	$	(2.9	)	0%	46	%		$	(8.3	)	$	(8.1	)	-3	%
Adjusted EBITDA ^(A) margin		-150.4	%		-133.6	%		-279.3	%		-353.4	%		-167.5	%						-215.6	%		-35.1	%


Canadian segment
Revenue	$	8.7		$	9.9		$	7.4		$	7.5		$	10.3		-12%	-16	%		$	33.5		$	52.2		-36	%
Net Revenue ^(A)	$	1.6		$	1.7		$	1.4		$	1.4		$	1.5		-11%	6	%		$	6.0		$	6.9		-12	%
Net Revenue ^(A) margin		17.9	%		17.6	%		18.7	%		17.9	%		14.3	%						18.0	%		13.2	%
Adjusted EBITDA ^(A)	$	1.2		$	1.3		$	1.0		$	0.9		$	1.0		-12%	18	%		$	4.2		$	4.5		-5	%
Adjusted EBITDA ^(A) margin		72.9	%		73.7	%		69.8	%		64.2	%		65.0	%						70.5	%		65.2	%

Corporate segment
Adjusted EBITDA ^(A)	$	(2.9	)	$	(2.8	)	$	(3.5	)	$	(3.2	)	$	(3.7	)	-2%	22	%		$	(12.4	)	$	(16.0	)	22	%

								Quarter ended								Year ended
		Q4 2023			Q3 2023			Q2 2023			Q1 2023			Q4 2022		September 30, 2023			September 30, 2022

Net income (loss)	$	1.6		$	(0.6	)	$	(2.6	)	$	(4.6	)	$	(10.0	)	$	(6.2	)	$	(9.3	)
Operating expenses		10.9			10.7			11.9			13.2			15.7			46.8			79.5
Amortization		0.9			1.0			1.0			1.0			1.1			3.9			4.5
Loss on disposal of property
and equipment		-			-			-			-			0.4			-			0.6
Other non-operating costs		-			-			-			-			-			-			0.1
Restructuring expenses		-			-			0.4			1.3			1.0			1.7			1.5
Impairment of goodwill		-			-			-			-			17.3			-			17.3
Interest expense		0.1			0.1			0.1			0.1			0.1			0.3			0.3
Interest income		(0.3	)		(0.2	)		(0.2	)		(0.1	)		(0.1	)		(0.8	)		(0.1	)
Net foreign exchange (gain) loss		(1.8	)		1.8			0.1			1.0			(5.0	)		1.0			(5.7	)
Gain on fair value of derivatives		(0.1	)		(0.5	)		(0.3	)		-			-			(0.8	)		-
Gain on fair value of warrants		-			-			-			-			-			-			(0.2	)
Income tax recovery		(0.1	)		(0.2	)		(0.5	)		(2.1	)		(6.1	)		(2.9	)		(3.1	)
Net Revenue	$	11.2		$	12.1		$	9.9		$	9.8		$	14.4		$	43.0		$	85.4

The Department of Labour at a New England State Acquires SmartGuide Production Licence and Alphinat Announces Results of Annual and Special Meeting Held on February 25, 2021

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