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November 11th, 2008
Alternet Systems, Inc. Announces Transtech Sino America
Inc.’s Partnership with Banrural for E-Transaction and
MIAMI, FLORIDA- Nov 11, 2008 - Alternet Systems, Inc.
(OTCBB: ALY I ) today announced that their joint venture with
Tianjin IC Card Public Network Systems Co. LTD (TCPS), Transtech
Sino America, Inc. has finalized a partnership with Banrural
(www.banrural.com), the largest bank in Guatemala with the
largest number of bank branches. In the partnership, Banrural
will serve as Transtech’s financial partner for E-transaction,
E-ticketing and mobile payment solution projects in Guatemala
and the surrounding region, with an initial focus on mass
transportation e-ticketing solutions. Transtech will benefit
from a variety of financial services Banrural provides, including
trust managements, cash collection and sales channels through
Banrural’s extensive network of ATM’s. Initially,
Banrural’s ATM network will be used as a recharge point
of sale system for prepaid bus fare collection. Additionally,
the Banrural partnership may provide key financing to Transtech’s
fleet replacement initiative in Latin America, providing high
efficiency and low emission liquid petroleum gas (LPG) buses
to municipalities with aging or inefficient bus fleets. The
partnership has the potential for additional expansion to
include utilities prepayment and municipal services.
Transtech: Alternet’s Strategic Partnership
with TCPS in Latin America
Through their joint venture Transtech, Alternet Systems is
TCPS' strategic partner in Latin America. TCPS chose Alternet
Systems for their experience in Latin America and for their
proprietary wireless e-transaction capabilities, which are
complementary to TCPS' contactless card and financial terminals.
TCPS is a large, established company based just outside of
Beijing in Tianjin, China, providing urban mass transportation
fare collection with proven contactless card and terminal
solutions that have been developed and implemented in the
most populated country in the world. TCPS is currently the
market leader in China, with more than 57% of the market served.
Currently, TCPS' systems are used in 76 cities and process
prepaid fares for more than 300 million people. TCPS has issued
more than 100 million contactless cards, has proprietary technology
in the fare collection industry and has set up a post graduate
Research and Development facility in partnership with Hebei
Alternet’s E-Transaction Solutions in Latin
The Company is currently working on E-transaction solutions
in Latin America, with the initial focus on providing E-ticketing
solutions for the mass transportation industry. The Company
chose Latin America for several reasons, including its high
annual growth rate, large population, dependence on public
transportation and lack of formal banking for many residents.
Some highlights of Alternet's E-transaction business
-- Establishing a recurring revenue foundation through the
Company's E- Transaction solution by processing 24 million
E-Tickets within the first year following the solution roll
-- Sales campaign to market Alternet's mobile (cell phone
and PDA) transaction services to support electronic payment
transactions in the financial, telecommunications, and utility
-- Strategic partnerships with established industry leaders
to provide additional technology enhancements such as video
and voice security, prepaid fare collection and green technology
for mass transportation fleets
-- The benefits to potential clients using e-transactions,
including reduced "bad debts," improved operational
and administrative activity, increased payment flexibility
and improved cash flow.
Webcast Highlighting Latin American Expansion, Second Quarter
Results and $24 Million 2009 Revenue Goal Available Online
CEO Henryk Dabrowski recently conducted a Webcast to discuss
the second quarter 2008 and year-to-date earnings results,
an update on operations, the company’s E-ticketing solutions
and expansion in Latin America.
Further highlights of the Webcast include:
• Focus on mobile and e-ticketing transactions
• Strategic partnerships with partners in China and
• Mobile transaction processing for pre-paid cell phones
• Expansion into additional markets in Latin America
• Business development initiatives underway in the Caribbean
• Imminent announcement of first milestone contract
• 2009 revenue goal of $24 million
An archive of the Webcast is available at http://www.investorcalendar.com/IC/CEPage.asp?ID=133304.
ALYI Corporate Fact Sheet
A Fact Sheet highlighting the Company's recent acquisition
of TekVoice Communications, E-Transaction technology, mass
transportation management services and strategic partnerships
is now available.
If you are interested in receiving a copy of the Fact Sheet
call 214-556-5927 or send an e-mail to Red River Advisors
at [email protected].
About Alternet Systems (www.alternetsystems.com)
Alternet Systems Inc. (OTC BB: ALYI.OB - News) provides: telecommunications
services; education and health-care application software and
systems; and electronic transaction platforms for the mass
transportation and utility markets. Alternet Systems Inc.
is a U.S. corporation headquartered in Miami, Florida.
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.