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July 24, 2006
Spanish Language Version of SchoolWeb Software Released

Alternet Systems Inc.( NASD OTCBB: ASYI ) announces that it has released the Spanish language version of its SchoolWeb™ software for education.

The release of the Spanish language version of Schoolweb allows the Company to pursue the vast market in Latin America for SchoolWeb wireless broadband networks. This market is a top priority for the Company as it proceeds with SchoolWeb showcase projects in Latin America.

The market in Latin America for SchoolWeb wireless broadband systems is estimated at $350 million. Spanish is the third most spoken language in the world and is the official language of 20 countries in Latin America.

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. This is especially important for developing countries that have a large, rural population and limited library and education resources.
The Company has three main areas of focus: SchoolWeb application software; SchoolWeb network server systems; and wireless broadband networks, including VoIP and IPTV.

The Company’s systems are efficient and cost-effective, delivering affordability to the countries that need it the most. Contact: 1-866-608-2540.

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.

Source: Alternet Systems Inc.

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