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December 5, 2006
Republic of Guinea Update
VANCOUVER, BC, CANADA -- Alternet Systems Inc. (NASD
OTCBB: ASYI / FWB: EJM), announces that it will deploy a SchoolWeb
project in the Republic of Guinea, Africa. The system will
employ a wireless broadband network, coupled with SchoolWeb
network and learning management software, in cooperation with
the Ministry of Education.
Guinea is one of the key markets in Sub-Saharan Africa with
a population base of over 9.5 million, of which 2 million
are school children between the age of 5 and 18. There are
approximately 6,000 primary and secondary schools in Guinea.
The network revenue potential in Guinea is estimated to exceed
$20 million dollars per year.
The President of Alternet, Mr. Pat Fitzsimmons states, This
will be the Companys first SchoolWeb deployment in Africa,
and will provide a springboard for Alternets network
systems throughout the region. Alternet is in discussions
to install wireless broadband networks in 5 other countries
In addition to broadband internet for Guineas schools,
Alternet will offer local residents, businesses and government
a variety of commercial services such as: fixed and mobile
telephones, IPTV and video conferencing.
Less than 1 % of the population of Guinea has internet access
and only 2 % have telephone service of any kind, providing
an excellent market opportunity for Alternet Systems. In Africa,
only the major cities have access to the Internet, leaving
the 70% of the population located in rural areas with no Internet
access and minimal phone service.
Internet-based (Voip) phones have become commonplace in North
America and have the potential to revolutionize telecom in
Guinea and Africa. There is also a huge potential market for
Internet-based mobile phones, as a cheaper alternative for
high-cost cellular service.
The Companys turnkey wireless broadband systems deliver
Internet-based telecom service to the most rural areas of
a country, in addition to delivering the Internet to schools
and health centers. Alternets cost-effective broadband
systems have the ability to deliver telecom services throughout
Guinea and provide a significant revenue stream to the Company.Alternet
Systems sees Guinea as a milestone in the goal of providing
Internet-based telecom and education services, to an underserved
country whose economic potential is significant.
About Alternet Systems Inc:
Alternet Systems provides comprehensive broadband telecommunications
services to locations around the world. Alternet has also
developed best-in-class application software, SchoolWeb and
HealthWeb, for the education and healthcare sectors. Alternet
combines its application software with wireless broadband,
allowing it to deliver high-speed Internet to schools and
telecom services to residents and businesses. For further
information contact Griffin Jones toll free at 1-800-608-2540
or visit our website at www.alternetsystems.com.
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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