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November 15, 2006
Showcase Project Approved for Costa
VANCOUVER, BC, CANADA -- Alternet Systems Inc. ( NASD
OTCBB: ASYI / FWB: EJM ), announces the approval of a SchoolWeb
project for the Republic of Costa Rica. The goal of the project
is a country-wide deployment over the next two years in the
3700 primary and secondary schools of Costa Rica. The system
will employ a wireless broadband network, coupled with Alternets
Spanish language SchoolWeb software.
Patrick Fitzsimmons, President of Alternet Systems, Inc.
states, "We are excited about providing the citizens
of Costa Rica with a leading edge education solution. We are
working with a number of Latin American countries and this
project provides a springboard for Alternets system
solutions throughout the region. Mr. Fitzsimmons further
stated, " In addition to Education services, Alternet
will offer local residents, businesses and government a variety
of commercial services such as broadband internet, fixed and
mobile VoIP telephones, video conferencing and IPTV to residents.
Costa Rica is strategically one of the most dynamic markets
in Latin America with a population base of over 4 million,
with a large percentage of school children between the age
of 5 and 18 who would benefit greatly by having access to
Internet-delivered learning material. The market size for
SchoolWeb systems in Costa Rica is significant, potentially
exceeding $15 million annually. Spanish is the official language
in 21 countries worldwide with a total population of over
400 million people.
About Alternet Systems:
Alternet Systems provides comprehensive broadband telecommunications
services never before available to many locations in the world.
The SchoolWeb system delivers high-speed internet and a user-friendly,
Internet-based learning system for teachers and students.
Combining online courseware with a virtual Internet library,
SchoolWeb provides all the tools required to create a high-quality
digital learning environment. Alternets SchoolWeb software,
with a wireless broadband network, provides Alternets
clients the ability to continually deliver vast amounts of
educational content to its schools, in all regions of the
On Behalf of the Board of Directors
ALTERNET SYSTEMS INC.
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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