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February 5, 2008

Alternet Systems Changes Management and Expands Business Vision and Scope to Include Latin America and the Caribbean

Alternet Systems Inc. (New Symbol - NASD OTCBB: ALYI ) announces that the merger with TekVoice Communications, Inc. has completed. TekVoice Communications is a VOIP telecommunications services company based in Miami Florida, with operations in North and South America, targeting the Hispanic community, regional carriers and resellers. TekVoice’s revenue for the last audited fiscal year exceeded $3 million.

“We will execute on the new vision of the company, by expanding our current VoIP, Education and Health offerings, into the transactional arena. We see ourselves as a key regional partner in the electronic collection management of urban mass transportation, and the prepayment of all types of utilities. We will also expand into the advanced hosting and management of mobile transactional applications, serving second and third tier mobile carriers, corporations and distribution networks,” expressed Mr. Henryk Dabrowski, President of Alternet Systems, Inc.

The new Alternet, as a combined entity, will provide a managed platform for the prepayment of utilities and urban mass transportation systems, mobile-based transaction processing services and state-of-the-art software for education content management and telemedicine.

The markets served with the combined offering will include the Americas and the Caribbean, with a particular interest in Mexico, Colombia, Peru, Guatemala and Panama. Alternet has several projects underway in different stages, and is confident it will come to successful closings within the next 3 months.

Alternet is currently offering SchoolWeb and HealthWeb, a content delivery platform targeting two of the major areas of interest in the region. “Education and health are the two major components of the global humanitarian effort and the social responsibility that our company is committed to today” said Mr. Dabrowski.

Alternet is a pioneer in the design, deployment and operation of transactional and content delivery networks, which are capable of providing the same applications, services and content to rural and remote areas of a country, as those available in major urban markets.

Mr. Dabrowski and his team of experienced managers have taken the task of restructuring the future offerings of the company. The company is partnering with key technology and services vendors, both from the Americas and Asia, which complement the expanded vision. It is also preparing a series of road trips to present the new vision and offering to prospective customers, in both government and private sectors.

About Alternet Systems Inc.

Alternet Systems Inc. (NASD OTCBB: ALYI) builds state-of-the-art broadband solutions for Latin American communities, coupled with innovative and highly desirable content-based services for the Education and Health sectors. Alternet has been at the leading edge in the design and deployment of new products and services for the corporate and residential markets. Alternet Systems Inc. is a U.S. corporation with offices in Miami, Florida and Vancouver, British Columbia, Canada.

On Behalf of the Board of Directors

Patrick Fitzsimmons

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.


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