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News
Oct 25, 2004
Alternet to Enter Solar Energy Industry
VANCOUVER, B.C., Oct 25, 2004 -- Alternet Systems Inc. (NASD:OTCBB:ASYI)
is pleased to announce that it has entered into an agreement
with Solflex Energy Development Corp. to acquire a 25% equity
interest in Solflex and an exclusive license for North and
South America, for Solflex’s proprietary non-silicone
solar panel technology.
Solflex has developed an innovative, low-cost method of manufacturing
solar photovoltaic (PV) panels using screen printing onto
a flexible acetate substrate. The light-weight Solflex solar
panel can be used in a wide variety of applications, including
solar-powered buildings, homes and solar-power electrical
generating facilities. The Solflex solar panel is flexible,
weather resistant and more economical than standard silicone-
based solar panels currently in the market.
Solar power is recognized as one of the most reliable and
least intrusive alternative energy solutions, and is predicted
to experience rapid growth in the near future.
Solar PV panel sales world-wide are currently $1.5 billion
per year. The global solar panel market is projected to increase
to $27 billion annually by 2020.
The technical advantages of the Solflex solar PV panel, combined
with the rapid growth rate of the alternative energy sector,
provide an excellent opportunity for Alternet.
On Behalf of the Board of Directors
ALTERNET SYSTEMS INC.
Michael Dearden
President
Forward Looking Statement
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:
Alternet Systems Inc., Vancouver
Michael Dearden, President
(866) 608-2540
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Source: Alternet Systems Inc.
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