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News
March 21, 2007
Alternet Systems Signs Letter of Intent
to Merge with TekVoice Comunications to Deploy VoIP and Wireless
Broadband Telecom Networks Throughout Latin America
VANCOUVER, BC, CANADA -- Alternet Systems Inc. ( NASD
OTCBB: ASYI ), announces it has executed a letter of intent
(LOI) agreement to merge with TekVoice Communications, Inc.
of Miami, Florida. TekVoice is a telecommunications services
company with operations in North and South America. TekVoice
revenues were $3 million in 2006, and the company is forecasting
significant growth in 2007.
The combined entity will be called Alternet Systems Inc.
and its primary business will be to acquire and develop wireless
broadband networks in under-served countries in Latin America
and the Caribbean, delivering voice, data and content services
to customers in these regions. Alternet will offer a portfolio
of next-generation wireless broadband and telecom solutions
for government, business, schools, hospitals and community
residents.
“Improving education and health services through broadband
Internet access is a key component of raising the living standards
in developing countries. The other major component is affordable
and accessible telecom services” said Patrick Fitzsimmons,
President of Alternet. “Combining Alternet with TekVoice
is the ideal strategy to achieve our goal of offering a complete
wireless telecommunications solution for this growing market.”
The combined company offering will provide cost-effective,
wireless telecom solutions, which have the greatest impact
in developing regions of the world, such as Latin America.
Low Internet-usage rates in Latin America are well below other
developing countries, specially compared to Asia. Risk of
further widening the digital divide in Latin America, is a
concern shared by both public and private sector entities,
particularly as an inhibitor to sustained, long-term growth.
“The combination of Alternet’s proprietary software
systems, with the TekVoice VoIP based telecommunications offerings,
supplied over a cost-effective network platform, will significantly
improve the way rural telecom services, education and medical
information technology are delivered in the future” said
Henryk Dabrowski CEO of TekVoice. “This partnership is
a key milestone in advancing Alternet to Latin American markets”.
About Alternet Systems Inc.
Alternet Systems (NASD OTC: ASYI) has developed state-of-the-art
application and network software for broadband systems in
rural communities and health and educational institutions
around the globe. Alternet’s application and network
server software operates at the center of a broadband wireless
Internet system, positioning the Company to capitalize on
the rapid growth of wireless Internet networks.
About TekVoice Communications Inc.
TekVoice Communications, Inc. is a Voice over IP telecommunications
company that, since 2002, offers convergent voice and data
services over IP networks. With sales of over $3 million in
2006, and growing quickly, it has capitalized on its in-depth
knowledge of the Hispanic and Latin American market, the quality
of its telecommunications network and the dramatic cost savings
that the network delivers to its customers. As a pioneer in
the VoIP industry, TekVoice has been at the leading edge in
the design and deployment of new products and services for
the corporate and residential markets. TekVoice Communications,
Inc. is a U.S. corporation with offices in Miami, Dallas,
Caracas, Venezuela and Lima, Peru.
Contact Griffin Jones at 866-608-2540 or visit the 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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Source: Alternet Systems Inc.
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