Alphinat Announces Debenture Offering

THIS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR
DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES


Alphinat Inc. ("Alphinat") (TSX VENTURE:NPA), a leader in innovative Software
for the Smart Enterprise(TM), announces that it has closed the first tranche of
a non-brokered Debenture Offering, maximum of $3,000,000, consisting of Class A
Units, each comprising a Class A Debenture accompanied by one Bonus Common Share
per dollar of Class A Debenture subscribed and Class B Units, each comprising a
Class B Debenture accompanied by one Bonus Common Share per dollar of Class B
Debenture subscribed.


The Class A Debentures bear interest at 10% annually with interest payable
quarterly and mature on September 30, 2017. They are redeemable by the
Corporation on or after September 30, 2015. They are being offered at their face
value. The Class A and Class B Debenture holders have the right to convert the
debentures at the principal amount plus any unpaid accrued interest into the
next equity issue of the Corporation. In the event that the issue was offered at
a discount to market the Class B Debenture holders shall not be entitled to any
discount. Conversion of debentures will be conditional to prior TSX Venture
Exchange's approval. and the conversion price will be based market price at the
time of conversion.


The Class B Units, including a Class B Debenture substantially identical to the
Class A Debenture, are being offered exclusively to Alphinat secured lenders
(the "Secured Lenders") who advanced $500,000 (the "Secured Indebtedness") to
the Corporation in October 2011. The Units are offered in the context of a Debt
Settlement whereby in consideration of the cancellation of the Secured
Indebtedness which bears interest at a substantially higher rate than the Class
B Debenture, and the removal of the security for the Secured Indebtedness, the
Corporation will issue Class B Debentures having a value of 120% of the Secured
Indebtedness being settled. In addition, the Secured Lenders will be entitled to
receive one Bonus Common Share per dollar of Class B Debenture subscribed, of
which 154,761 Bonus Common Shares were issued at closing and the remaining
345,249 Bonus Common Shares will be issued if and only upon approval by the
shareholders at the next Special Shareholders Meeting.


The Corporation has sought, and continues to seek, investors for this placement.
The Corporation is pleased to announce that holders of $353,750 of Secured
Indebtedness have converted into Class B Units at the first closing. In
addition, to date, the Corporation has closed for additional funds in the amount
of $202,500 and conversion of subordinated debt of $183,358 into Class "A" Units
at the first closing. Final closing will be held on or before September 30,
2013.


With respect to the Secured Indebtedness debt settlement, the Chief Executive
Officer, Philippe Lecoq, stated: "We are very pleased with the progress of the
debt conversion. The terms of the conversion were fair for both parties and this
further reflects the ongoing confidence of the Secured Lenders and other debt
holders in the Corporation. The completed conversion diminishes the
Corporation's debt servicing load and eliminates the risk of debt obligations as
well as freeing up additional capital which can be used towards further
development. The elimination of the charge of on Alphinat's assets will open the
way to new investment and permit further growth."


The Units, Debentures and Shares purchased in this first closing are subject to
a four-month hold period ending four months after issuance of the Units, in
accordance with applicable securities laws.


Of the $353,750 of Secured Indebtedness referred to above, $278,750 of Secured
Indebtedness being converted is held by Insiders who received, subject to the
other conditions stated above, 278,750 Class B Units. The holders of the
$183,358 of unsecured indebtedness referred to above are also Insiders and
received 183,358 Class A Units.


No finder's fee was paid for the first closing, however the Corporation is
authorized to pay fees of 6% in cash and such number of shares equal to 6% of
shares issued pursuant to the offering with qualified intermediaries accepted in
writing by the Corporation.


The net proceeds from the Debenture Offering will be used to refund the
non-converted portion of the Secured Indebtedness which comes to maturity on
September 30, 2013 and to fund working capital. 


About Alphinat

Software for the Smart Enterprise(TM) providing agility to leverage existing IT
assets and lower costs.


Alphinat develops, markets and supports software technology that enables
non-technical managers to configure and deploy form based Web and mobile
applications and utilities that helps organizations and governments better serve
clients whether they are looking to deploy on premise or in the Cloud. This
technology uses sophisticated data organization and processing software to
automate interactions between systems, employees, clients, suppliers and
partners. The software seamlessly integrates into complex environments
permitting a high level of collaboration in delivering user-centric services
while leveraging existing IT assets. 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.


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 debenture
offering. 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.


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: 
Alphinat Inc.
Mr. Philippe Lecoq
Chief Executive Officer
(514) 398-9799 ext 222
Alphinat (TSXV:NPA)
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