Alternet Systems Inc.
OTC Bulletin Board : ASYI

Alternet Systems Inc.

July 17, 2007 13:30 ET

Alternet Systems/TekVoice Communications Merger Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 17, 2007) - Alternet Systems Inc. (OTCBB:ASYI), announces that the merger with TekVoice Communications, Inc., is continuing. TekVoice is currently completing their audited financial statements and the merger is anticipated to complete on or before August 15 2007.

TekVoice is a telecommunications services company based in Miami Florida, with operations in North and South America. TekVoice's revenues exceeded $3 million in 2006 and the Company is forecasting significant growth in 2007.

The combined entity will be called Alternet Systems Inc. and will provide wireless broadband Internet, local and long-distance telecom and Internet management solutions for schools and health facilities throughout Latin America.

TekVoice and Alternet have been actively pursuing wireless broadband network opportunities and SchoolWeb and HealthWeb software sales. TekVoice has identified an opportunity to build a national wireless broadband / telecom network in a country in Central America and is also developing significant sales leads for SchoolWeb and HealthWeb software systems in two countries in South America.

Alternet meets the rapidly increasing demand for telecom and broadband Internet services in Latin America, where a majority of the population has limited access to these services, due to the lack of "wired" telecom networks in these areas.

Network Services and Solutions

Core services of the combined companies include:

- Alternet Broadband - High-speed Internet access utilizing state of the art WiFi and WiMax technology.

- Alternet Telecom - Fixed or mobile, local or long distance telephone service for business, government and residential communities, delivered over the Company's wireless networks.

- Alternet Education and Healthcare - Alternet-developed Internet management software enables remote areas to have modern, Internet-based education and healthcare software and content, delivered through the Company's wireless broadband networks.

About Alternet Systems:

Alternet Systems Inc. has, over the past three years, developed state-of-the-art application and network software for wireless broadband systems servicing businesses, government and health and educational facilities. Alternet's innovative software systems position the Company to capitalize on the rapid growth of wireless broadband networks in rural and developing regions.

About TekVoice Communications Inc.

TekVoice Communications, Inc. is a Voice over IP (VOIP) telecommunications company that since 2002, offers convergent voice and data services over IP networks. As a pioneer in the VoIP telecom industry, TekVoice has been at the leading edge in the design and deployment of new products and services in IP-based telecom for the corporate and residential markets. TekVoice Communications, Inc. is a U.S. corporation with offices in Miami, Dallas, Caracas, Venezuela and Lima, Peru.

For further information about this news release or the Company, contact: (866-608-2540) or visit Alternet's corporate 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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