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December 5th, 2008
Inc.'s Transtech de Guatemala, S.A. Hosts Association of Urban
Buses of the City of Guatemala on Chinese Trade Mission
MIAMI, FL -- (Marketwire) -- 12/05/08 -- Alternet Systems,
Inc.'s (OTCBB: ALYI) regional subsidiary Transtech de Guatemala,
S.A. recently hosted 54 members of the Association of Urban
Buses of the City of Guatemala on a trade mission to China.
The trade mission was co-hosted by Tianjin IC Card Public
Network System Co. LTD, Transtech's Chinese partner.
This is the second trade mission in which Transtech has hosted
the Association of Urban Buses. In October, Alternet hosted
the Association's board of directors and other senior management.
Following the success of the trade mission, the Association
of Urban Buses requested an additional trade mission to showcase
Transtech's turnkey mass transportation management capabilities
to additional association members.
The trade mission included visiting Chinese bus manufacturing
facilities and prepaid fare collection operations in Tianjin.
Additionally, trade mission delegates had the opportunity
to visit Guangzhou in the Guangdong province to learn more
about the operation of 6,000 buses currently running on Liquid
Petroleum Gas (LPG) fuel.
Strategic Partnership with Banrural, the Largest Bank in Guatemala
Alternet recently announced that their joint venture with
Tianjin IC Card Public Network Systems Co. LTD (TCPS), Transtech
Sino America, Inc., finalized a partnership with Banrural
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, currently provided to the Municipality of
the City of Guatemala. Initially, Banrural's ATM network will
be used as a recharge point of sale system for prepaid bus
fare collection, and will eventually be adopted in the bank
agencies and offices. 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
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
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. (OTCBB: ALYI) 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.
Red River Advisors
Source: Marketwire (December 5, 2008 - 2:47 PM EST)
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