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

Alternet Systems Inc.

November 10, 2006 06:30 ET

Alternet Systems Inc.: Corporate Update

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 10, 2006) - Alternet Systems Inc. (OTCBB:ASYI)(FWB:EJM) has developed a comprehensive program to bring high-speed wireless broadband to cities, towns and villages worldwide. The Company's turnkey systems are designed to deliver the Internet to the next billion users - schools, health centers, businesses and residents in developing countries.

By employing a unique wireless broadband design, coupled with the Company's SchoolWeb and HealthWeb software for the Education and Health sectors, Alternet provides modern telecommunications services never before available in many locations in the world.

Alternet Systems has created a compelling two-stage business strategy to establish the Company as a major international wireless broadband services provider. Stage one is deploying a complete wireless network solution, delivering education and health information to hundreds of millions of users in developing countries.

In the second stage, Alternet offers a range of commercial and residential services including Internet access, telephone, television and interactive media services to urban and rural populations and businesses throughout the country.

Recent Developments

- The company is in the process of installing a SchoolWeb showcase in Latin America

- Approval to proceed with a SchoolWeb network in Eastern Europe

- Invitations to proceed with network construction in West Africa

Alternet Systems Inc. is dedicated to bringing the Information Age to developing countries around the world.

On Behalf of the Board of Directors

ALTERNET SYSTEMS INC.

Patrick Fitzsimmons, 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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