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March 2, 2006
SchoolWeb™ Digital Library

Alternet Systems Inc. ( NASD OTCBB: ASYI ) announces the first installation of a SchoolWeb Digital Library in a Canadian college This is the result of the commencement of the SchoolWeb Digital Library sales and marketing program for North American educational institutions in January. The market comprises approximately 7000 universities and colleges and 18,000 K-12 School Districts and is estimated to exceed $500 million in North America.

School libraries are increasingly being asked to be the custodians of digital learning materials (DLMs). With digital tools such as SchoolWeb Library, librarians can easily apply the same skills they use to manage physical materials to collecting, classifying and archiving digital materials. Recent trends in college and university library expenditures indicate that digital resource spending has increased from 23% of a library’s budget in 2000 to over 62% in 2005. This trend is expected to continue into the K-12 school library market as well.

DLMs can take a wide variety of forms, including anything from simple documents to moving animation and video packages of web-based content. This requires a particular type of cataloguing system to be able to store these packages in a way that the content can be easily accessed and searched. SchoolWeb Library supports several standards and specifications that are used to make DLM's portable and interoperable and accountable, including IEEE LOM Metadata, IMS Content Packages and SCORM.

The SchoolWeb Digital Library is designed to work as part of any open source solution or as part of a complete Virtual Learning Environment as offered in SchoolWeb VLE 2.4. The SchoolWeb Digital Library is the most cost-effective product in the market today.

SchoolWeb VLE 2.4 is a strategic software system that creates a user-friendly, Internet learning environment for teachers and students. Combining online courseware with a digital library, SchoolWeb VLE 2.4 provides all the tools required to create a high-quality learning environment for students and teachers in the digital age.

For schools that are located in rural or remote locations, SchoolWeb Network Server Systems provide high-speed internet service to locations that have limited access to broadband. These systems are especially critical in countries that have limited telecom infrastructure. Alternet is active in several parts of the world bidding and submitting proposals for country-wide SchoolWeb network server systems. The total market for Alternet’s network server systems is estimated to exceed $1 billion worldwide.

Alternet Systems Inc. is an education technology and software provider. The Company has three main areas of focus: SchoolWeb application software; SchoolWeb Network Server Systems; and Managed Broadband Wireless Networks.

On Behalf of the Board of Directors

Michael Dearden

Robin Bjorklund

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.

Source: Alternet Systems Inc.

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