MIAMI, FL--(Marketwire - October 16, 2008) - Alternet Systems, Inc. (
OTCBB:
ALYI) today
announced that Company CEO Henryk Dabrowski will lead a trade mission to
China October 18-26, 2008. The trade mission concludes many months of
negotiation with the city of Guatemala, Private Association of Bus Owners
and other local partners to bring Alternet's wireless e-ticketing system to
their municipality. Delegates of the trade mission include the board of
directors of the Private Association of Bus Owners, the President and Vice
President of Banrural, the largest bank in Guatemala, as well as senior
management of Transmetro and the City of Guatemala. The delegation intends
to finalize plans to update the Guatemala City bus system to include a
wireless e-ticketing solution, while visiting a bus system solution running
with the components of the system to be implemented in Guatemala City.
The trade mission will include stops in Beijing, Tianjin, Zhongtong,
Hangzhou and Shanghai. Trade mission delegates will visit the
manufacturing facility of Zhongtong Bus Holdings and meet with key
financing institutions. Delegates will get to experience Hangzhou's
transportation system first hand, which is currently managed by Alternet
Systems partner TCPS. The system has been used successfully in more than 82
cities throughout China, to provide prepaid E-Ticketing that customers can
use to pay for a variety of municipal services, utilities and public
service, not the least of which is mass transportation.
Alternet Systems and Transtech Sino America
Earlier this year, Alternet Systems, in partnership with TCPS, formed
Transtech Sino America. Within the partnership Alternet provides business
development, resource sourcing, logistics and legal support while TCPS
provides capital, technology and substantial public transportation
management experience. Headquartered in Miami, with offices in Guatemala,
Colombia, El Salvador, Peru and Mexico, Transtech provides turn-key fleet
transportation management solutions, including the sale of buses
manufactured in China and sold into the Latin American market, smart card
e-payment solutions, alternative fuel solutions and carbon credits.
Additionally, Transtech will provide financing for new transportation
fleets. Financing is crucial for many municipalities that are obligated to
maintain up-to-date, reliable public transportation due to heavy dependency
on public transportation among residents.
Webcast Highlighting Latin American Expansion, Second Quarter Results and
$24 Million 2009 Revenue Goal Available Online
CEO Henryk Dabrowski recently conducted a Webcast to discuss the second
quarter 2008 and year-to-date earnings results, an update on operations,
the company's E-Ticketing solutions and expansion in Latin America.
Further highlights of the Webcast include:
-- Focus on mobile and E-Ticketing transactions
-- Strategic partnerships with partners in China and Singapore
-- Mobile transaction processing for pre-paid cell phones and utilities
-- Expansion into additional markets in Latin America
-- Business development initiatives underway in the Caribbean Basin
-- Imminent announcement of first milestone contract
-- 2009 revenue goal of $24 million
An archive of the Webcast is available at
http://www.investorcalendar.com/IC/CEPage.asp?ID=133304.
ALYI Corporate Fact Sheet
A Fact Sheet highlighting the Company's recent acquisition of TekVoice
Communications, E-Transaction technology, mass transportation management
services and strategic partnerships is now available.
If you are interested in receiving a copy of the Fact Sheet call
214-556-5927 or send an e-mail to Red River Advisors at
alternet@redriveradvisors.com.
About Alternet Systems (
www.alternetsystems.com)
Alternet Systems, Inc. (
OTCBB:
ALYI) provides: telecommunications services;
education and health-care application software and systems; and electronic
transaction platforms for the mass transportation and utility markets.
Alternet Systems, Inc. is a U.S. corporation with offices in Miami, Florida
and Vancouver, British Columbia, Canada.
Certain statements in this news release may contain forward-looking
information within the meaning of Rule 175 under the Securities Act of 1933
and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to
the safe harbor created by those rules. All statements, other than
statements of fact, included in this release, including, without
limitation, statements regarding potential future plans and objectives of
the Company, are forward-looking statements that involve risks and
uncertainties. There can be no assurance that such statements will prove to
be accurate and actual results and future events could differ materially
from those anticipated in such statements.
Contact Information: Contact:
Red River Advisors
214-556-5927
alternet@redriveradvisors.com