Alternet Systems Inc.
OTC Bulletin Board : ASYI
FRANKFURT : EJM

Alternet Systems Inc.

October 06, 2005 06:00 ET

Alternet Enters South American Market

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 6, 2005) - Alternet Systems Inc. (OTCBB:ASYI)(FWB:EJM) -

The Company is pleased to announce that it has been asked for proposals for high-speed Internet access systems for countries in Central and South America.

Alternet Systems Inc. provides high-speed, wireless broadband systems for communities, schools and health centers, regardless of location.

CommunityWeb™ is a high-speed ISP system that provides internet access and all network services to Internet users in a community.

SchoolWeb™ provides high-speed Internet access for schools and includes a virtual internet library and learning system, all in the local language.

HealthWeb™ provides high-speed access to Internet-based medical information. It also includes a virtual Internet library and allows the sharing of patient information, pictures and diagnosis, with doctors in other cities.

The next billion users of the Internet worldwide are predicted to be connected by broadband wireless networks. Alternet products provide a complete technology solution for this market, that is both state-of-the-art and cost-effective.

Alternet Systems Inc.'s common stock has been listed for trading on the Frankfurt Stock Exchange under the symbol EJM.F. The German security code is WK.AOCADK.

The listing on the Frankfurt Stock Exchange provides the company with increased exposure to worldwide capital markets and enables Europeans to trade the company's common stock in euros. The company looks forward to widening its shareholder base in the region.

On Behalf of the Board of Directors

ALTERNET SYSTEMS INC.

Michael Dearden, President

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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