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News
May 10, 2007
Alternet Systems /TekVoice Comunications
Merger Update
VANCOUVER, BC, CANADA -- Alternet Systems Inc. ( NASD
OTCBB: ASYI ) is currently conducting final due diligence
and anticipates closing the merger with TekVoice Communications,
Inc. in the second quarter of 2007. TekVoice is a telecommunications
services company based in Miami Florida, with operations in
North and South America.
The combined entity will be called Alternet Systems Inc.
and its primary business will be to acquire or build wireless
broadband networks in countries in Latin America, delivering
the “triple play” of voice, data and video services
to government, businesses, schools, healthcare facilities
and residents.
Alternet will utilize the technology and core competencies
of the combined companies to provide a complete wireless broadband,
telecom and content services solution throughout the region.
Alternet’s cost-effective, wireless broadband solution
has explosive growth potential because it meets the rapidly
increasing demand for voice, data and video services in Latin
America, where a majority of the population has limited access
to broadband or phone service due to the lack of traditional
“wired” telecom networks in these areas.
Network Services and Solutions
Core services include:
- Alternet Broadband – High-speed Internet
access utilizing state of the art WiFi and WiMax technology.
- Alternet Telecom – Cost-effective fixed or
mobile telephone service for government, business and residential
communities, delivered over the Company’s wireless
networks.
- Alternet Education and Healthcare - Alternet-developed
software enabling remote areas to have modern, Internet-based
education and healthcare software and content available
through the Company’s wireless broadband networks.
“Providing affordable telecom service and broadband
Internet access is a key component of raising the living standards
in developing countries. The other major component is providing
schools and health-care facilities with access to modern Internet-based
software tools, to bring them level with developed countries.”
said Patrick Fitzsimmons, President of Alternet. “Combining
Alternet with TekVoice is the ideal strategy to achieve our
goal of offering a complete wireless telecommunications solution
for this growing market.”
About Alternet Systems Inc.
Alternet Systems Inc. has developed state-of-the-art application
and network software for broadband systems in rural communities
and health and educational institutions. Alternet’s application
and network server software operates at the center of a broadband
wireless Internet system, positioning the Company to capitalize
on the rapid growth of wireless Internet networks.
About TekVoice Communications Inc.
TekVoice Communications, Inc. is a Voice over IP telecommunications
company that since 2002, offers convergent voice and data
services over IP networks. As a pioneer in the VoIP telecom
industry, TekVoice has been at the leading edge in the design
and deployment of new products and services in IP-based telecom
for the corporate and residential markets. TekVoice Communications,
Inc. is a U.S. corporation with offices in Miami, Dallas,
Caracas, Venezuela and Lima, Peru.
Contact: 866-608-2540 or visit the corporate website at www.alternetsystems.com
On Behalf of the Board of Directors
ALTERNET SYSTEMS INC.
Griffin Jones
Director
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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Source: Alternet Systems Inc.
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