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March 18, 2008
Corporate Update: PLANNING FOR GROWTH,
PERFORMING FOR THE FUTURE
Alternet Systems Inc. (New Symbol - NASD OTCBB: ALYI
) - 2008 will be a year of solid execution and growth in almost
all aspects of Alternets business. Given our realigned
product and service offering, financial performance and geographic
balance, we expect very good traction in key growth opportunities.
These include our core telecommunications offering, our education
and healthcare content distribution applications, as well
as our new offerings in the service provider market. In addition,
our transactional applications for the financial, telecommunications,
utilities and urban mass transportation sectors have uniquely
positioned Alternet Systems on the path to success.
In fiscal 2007, we invested heavily in research and development
in order to realign our current technologies and offerings,
focusing on innovation, flexibility and profitability in new
emerging business sectors. The technology partnerships that
we have nurturedmany of them with large Asian partnerswill
result in numerous new products and service introductions
during this coming year. We truly believe these upcoming products
and services are unrivalled within our industry, and offer
outstanding value to our customers. Alternet management believes
the key to the Companys success lies in our commitment
to offering innovative solutions that provide our customers
and partners with tangible price and performance advantages.
Our role as a trusted business and technology partner is
becoming increasingly important, as our customers focus on
future investments that drive profitability, productivity,
return on investment, cost savings, as well as having an immense
impact in their societies.
Alternet, Tekvoice and its subsidiaries key stakeholderscustomers,
partners, employees, and shareholdersremain at the center
of our strategy. Fiscal 2008 will reflect our passionate focus
on the needs of our key stakeholders during a time of industry
recovery and growth.
GROWTH AND INNOVATION
We expect Alternets revenues, profits and return on
investments to be balanced across all three of the growth
areas we have outlined in our strategic plan. These three
areas are our core retail telecommunications offerings currently
provided by TekVoice Communications; the education and health
care content distribution market; and our advanced transactional
platforms for the financial, telecommunications, utilities
and mass transportation markets. In addition to the anticipated
growth in these sectors, we aim to strengthen our ability
to continuously innovate and lead the way in many other markets
through our product and service offerings, which we strongly
believe will be a major driver of our future success. We anticipate
Alternet gaining new customers and partners in almost all
of its product areas, and in each of the customer markets
we participate in telecommunications, financial, utilities
and mass transportation, both in the private and government
Revenues from TekVoice Communications retail telecommunications
offerings will increase as a result of a commitment to invest
in marketing and promotion, as well as acquiring certain key
retail distribution organizations in the United States. Our
expected strong revenue growth will be driven by use of our
transactional platform solutions to increase our penetration
of the retail market, and by enabling the retailer and end
user mobile phones to be used for micro payment and mobile
based purchases. These solutions will provide significant
performance enhancements to the retail distribution network,
often with price reductions to the end user, ensuring the
balance between customer success, Alternets profitability,
and our leadership in the marketplace.
A significant growth opportunity continues to be in the education
and health care content distribution market, where Alternet
has made significant investments over the past several years.
We expect to expand our sales and marketing efforts in all
geographic regions, by offering a suite of technological solutions
that will help our customers make efficient use of their limited
budgets. We believe that by helping build effective partnerships,
between the public and private sectors, we can deploy complete
frameworks for the education and health care networks of an
entire country, always hand-in-hand with the local policies
and objectives. Our offerings include financing for infrastructure
improvements (building of schools, providing solar and wind
generated power and sanitary facilities), and the acceleration
of the implementation of a digital content delivery platform
in our target countries. With the collaboration of our major
partners, we are now in a wonderful position to win these
national projects, and are excited by the opportunities that
will be coming our way in 2008, as the social capital spending
environment improves throughout Latin America.
Continued investment in our transactional platform offerings
is a major objective in our future plans, as this sector is
expected to yield significant revenue growth and market acceptance
in the coming years. The four advanced offerings we identified
last year include: mobile transactions (which include micro
payments, mobile prepaid top-up, domestic and international
money remittance, micro finance and micro payments); the prepayment
of public utilities including water, power and gas; the management
and fare collection systems of urban mass transportation networks,
both city and nationwide; and a mobile based point-of-sale
system and network that will support the described services.
We have reached several milestones in these areas, such as
establishing the appropriate partnerships with different vendors,
and discussions with multilateral financing institutions and
local banks to finance the deployment of these projects in
Latin America. A recent presentation to high-ranking officials
of a Latin American country was an overwhelming success, and
validated both our marketing approach and our range of products
and services. As a result, we are currently hiring key operational
management and establishing an operating budget for the period
While we believe each of these four markets has the potential
to grow into a multi million-dollar business, we will continue
to look for opportunities to expand into additional areas
over the next several years.
Innovation is a major component of Alternets success
and will be integral to our growth over the next 20 years.
Our ability to innovate internally and, at the same time,
form strategic alliances and successfully integrate acquisitions
will be a competitive advantage that will accelerate our growth
in new and existing markets.
We believe it may be challenging, to achieve the type of
growth that AlterNet expects, without taking good business
risks. Taking good business risks is an integral part of our
growth strategy, and you should expect AlterNet to continue
to be aggressive in our business strategy and conservative
in our financial reporting.
Our business strategy incorporates our dedication to corporate
citizenship. Alternets responsible business practices
span the areas of product and service stewardship, human resources,
ethics, social impact management, knowledge transformation,
governance, and financial disclosure to create sustainability
for competitive advantage.
We are actively building partnerships with non-profit organizations
that believe the strengthening of underdeveloped economies
is inextricably linked to its access to information, education
and higher health care standards. We wholeheartedly seek to
build relationships with organizations that promote the expansion
of Internet-based content access, aimed at minimizing the
digital divide between our societies.
In the past years, Alternet has worked to improve local communities
through their involvement with Regional Civic and Government
Councils. Alternet has supported the build out of broadband
wireless networks linking government offices and other public
institutions, which in turn create programs encouraging access
to digitally available content in the areas of art, science,
math, engineering, and technology. Our employees are committed
to change the way the world works, lives, plays, and learns.
Going into fiscal 2008, we will continue to develop within
our three major targeted growth areas, with a particular focus
on market results, profit contribution, catching market transitions,
and listening to our customers.
We believe that technological innovation can be a catalyst
for increases in everyday productivity and improving standard
of living, and that the best is yet to come.
We would like to take this opportunity to thank our customers,
partners, employees, and shareholders for your continued confidence
and support as we embark on a new and exciting phase in the
development of our company.
Chairman of the Board and President
About Alternet Systems:
Alternet Systems Inc. ( OTCBB: ALYI ) has three main product
areas: retail telecommunications services currently provided
by TekVoice Communications; the education and health-care
content distribution sytems; and our advanced electronic transaction
platforms for the financial, telecommunications, utilities
and mass transportation markets. Alternet Systems Inc. is
a U.S. corporation with offices in Miami, Florida and Vancouver,
British Columbia, Canada.
For further information about this news release or the Company,
contact: Patrick Fitzsimmons (866-608-2540) or visit Alternet's
corporate website at www.alternetsystems.com.
On Behalf of the Board of Directors
ALTERNET SYSTEMS INC.
Patrick Fitzsimmons, 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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