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

Alternet Systems Inc.

December 05, 2006 06:00 ET

Alternet Systems Inc.: Republic of Guinea Update

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 5, 2006) - Alternet Systems Inc. (OTCBB:ASYI)(FWB:EJM) announces that it will deploy a SchoolWeb project in the Republic of Guinea, Africa. The system will employ a wireless broadband network, coupled with SchoolWeb network and learning management software, in cooperation with the Ministry of Education.

Guinea is one of the key markets in Sub-Saharan Africa with a population base of over 9.5 million, of which 2 million are school children between the age of 5 and 18. There are approximately 6,000 primary and secondary schools in Guinea. The network revenue potential in Guinea is estimated to exceed $20 million dollars per year.

The President of Alternet, Mr. Pat Fitzsimmons, states, "This will be the Company's first SchoolWeb deployment in Africa, and will provide a springboard for Alternet's network systems throughout the region." Alternet is in discussions to install wireless broadband networks in 5 other countries in Africa.

In addition to broadband internet for Guinea's schools, Alternet will offer local residents, businesses and government a variety of commercial services such as: fixed and mobile telephones, IPTV and video conferencing.

Less than 1% of the population of Guinea has internet access and only 2% have telephone service of any kind, providing an excellent market opportunity for Alternet Systems. In Africa, only the major cities have access to the Internet, leaving the 70% of the population located in rural areas with no Internet access and minimal phone service.

Internet-based (Voip) phones have become commonplace in North America and have the potential to revolutionize telecom in Guinea and Africa. There is also a huge potential market for Internet-based mobile phones, as a cheaper alternative for high-cost cellular service.

The Company's turnkey wireless broadband systems deliver Internet-based telecom service to the most rural areas of a country, in addition to delivering the Internet to schools and health centers. Alternet's cost-effective broadband systems have the ability to deliver telecom services throughout Guinea and provide a significant revenue stream to the Company.

Alternet Systems sees Guinea as a milestone in the goal of providing Internet-based telecom and education services, to an underserved country whose economic potential is significant.

About Alternet Systems Inc.:

Alternet Systems provides comprehensive broadband telecommunications services to locations around the world. Alternet has also developed best-in-class application software, SchoolWeb and HealthWeb, for the education and healthcare sectors. Alternet combines its application software with wireless broadband, allowing it to deliver high-speed Internet to schools and telecom services to residents and businesses. For further information contact Griffin Jones toll free at 1-800-608-2540 or visit our website at www.alternetsystems.com.

On Behalf of the Board of Directors

ALTERNET SYSTEMS INC.

Griffin Jones, 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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