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

Alternet Systems Inc.

November 15, 2006 06:00 ET

Alternet Systems Inc.: SchoolWeb Project Approved for Costa Rica

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 15, 2006) - Alternet Systems Inc. (OTCBB:ASYI)(FWB:EJM) announces the approval of a SchoolWeb project for the Republic of Costa Rica. The goal of the project is a country-wide deployment over the next two years in the 3700 primary and secondary schools of Costa Rica. The system will employ a wireless broadband network, coupled with Alternet's Spanish-language SchoolWeb software.

Patrick Fitzsimmons, President of Alternet Systems, Inc., states, "We are excited about providing the citizens of Costa Rica with a leading-edge education solution. We are working with a number of Latin American countries and this project provides a springboard for Alternet's system solutions throughout the region." In addition to education services, Alternet offers residents, businesses and governments a variety of commercial services such as broadband internet, fixed and mobile VoIP telephones, video conferencing and IPTV.

Costa Rica is strategically one of the most dynamic markets in Latin America with a population base of over 4 million, with a large percentage of school children between the age of 5 and 18 who would benefit greatly by having access to Internet-delivered learning material. The market size for SchoolWeb systems in Costa Rica is significant, potentially exceeding $15 million annually. Spanish is the official language in 21 countries worldwide, with a total combined population of over 400 million people.

About Alternet Systems:

Alternet Systems provides comprehensive broadband telecommunications services never before available to many locations in the world. SchoolWeb delivers high-speed internet and a user-friendly, Internet-based, learning system for teachers and students. Combining online courseware with a virtual Internet library, SchoolWeb provides all the tools required to create a high-quality digital learning environment. Alternet's SchoolWeb software, with a wireless broadband network, provides Alternet's clients the ability to continually deliver vast amounts of educational content to their schools, in all regions of their country.

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.

Contact Information