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May 22, 2006
SchoolWeb Project – Republic of Colombia

Educational Telecommunications Services (ETS), a division of Alternet Systems Inc. (NASD OTCBB:ASYI ), announces the approval of a SchoolWeb project for the Republic of Colombia in cooperation with Grupo Odinsa S.A., a Colombian-based engineering services company The multi-phase project will lead to a country wide deployment in the primary and secondary schools of Colombia. The system employs a unique wireless broadband design, coupled with innovative and highly desirable content-based services.

Colombia is strategically one of the most dynamic markets in Latin America with a population base of over 43 million, with a large number of people between the age of 5 and 18 who would benefit by improving literacy and their overall work skills.

Alternet Systems sees Colombia as a critical milestone in our long term business goal of providing quality education technology in a fast growing large market whose economic potential has yet to be achieved.

Alternet Systems is dedicated to teaming with governmental and business leaders of developing nations to provide cost effective broadband Internet access to schools and medical clinics in the most remote areas of their countries.

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

The SchoolWeb network server system is an “ISP-in-a-box” that gives the schools the same capability that would be available through an Internet Service Provider, even though there may not be an ISP for hundreds of kilometres.

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

Michael Dearden

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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