Alternet Systems, Inc. Announces $25 Million Contract With the Municipality of the City of Guatemala to Provide Mass Transportat
2008年12月2日 - 11:14PM
Marketwired
Alternet Systems, Inc. (OTCBB: ALYI) today announced that Transtech
de Guatemala, S.A., a regional subsidiary of the Company's joint
venture with Tianjin IC Card Public Network Systems Co. LTD (TCPS),
has signed a $25 million contract with the Municipality of the City
of Guatemala for the operation and management of a bus prepaid fare
collection system, user information systems, fleet management
systems and security systems for the municipality's transportation
company Transmetro, Inc. The population that will be served by
these systems is estimated at more than 2.5 million passengers per
day and more than 630 million trips per year. The initial duration
of the contract is for 10 years and it is renewable for another 10
years, exclusively.
The services will be deployed in partnership with the largest
bank in Guatemala, Banrural
(http://biz.yahoo.com/iw/081111/0451371.html), the Company's joint
venture with Tianjin IC Card Public Network Systems Co. LTD (TCPS),
Transtech Sino America, Inc.
(http://biz.yahoo.com/iw/080812/0424102.html), and a group of
private investors from Guatemala, creating an integrated and
seamless service across all buses in the City of Guatemala.
Alternet will also leverage a partnership with Pagos Digitales, S.
A., to use their already established distribution and collection
networks throughout the City of Guatemala.
Strategic Partnership with Banrural, the Largest Bank in
Guatemala
Alternet recently announced that their joint venture with
Tianjin IC Card Public Network Systems Co. LTD (TCPS), Transtech
Sino America, Inc. finalized a partnership with Banrural
(www.banrural.com), the largest bank in Guatemala with the largest
number of bank branches. In the partnership, Banrural will serve as
Transtech's financial partner for E-transaction, E-ticketing and
mobile payment solution projects in Guatemala and the surrounding
region, with an initial focus on mass transportation e-ticketing
solutions. Transtech will benefit from a variety of financial
services Banrural provides, including trust managements, cash
collection and sales channels through Banrural's extensive network
of ATM's. Initially, Banrural's ATM network will be used as a
recharge point of sale system for prepaid bus fare collection.
Additionally, the Banrural partnership may provide key financing to
Transtech's fleet replacement initiative in Latin America,
providing high efficiency and low emission liquid petroleum gas
(LPG) buses to municipalities with aging or inefficient bus fleets.
The partnership has the potential for additional expansion to
include utilities prepayment and municipal services.
Transtech: Alternet's Strategic Partnership with TCPS in Latin
America
Through their joint venture Transtech, Alternet Systems is TCPS'
strategic partner in Latin America. TCPS chose Alternet Systems for
their experience in Latin America and for their proprietary
wireless e-transaction capabilities, which are complementary to
TCPS' contactless card and financial terminals. TCPS is a large,
established company based just outside of Beijing in Tianjin,
China, providing urban mass transportation fare collection with
proven contactless card and terminal solutions that have been
developed and implemented in the most populated country in the
world. TCPS is currently the market leader in China, with more than
57% of the market served. Currently, TCPS' systems are used in 76
cities and process prepaid fares for more than 300 million people.
TCPS has issued more than 100 million contactless cards, has
proprietary technology in the fare collection industry and has set
up a post graduate Research and Development facility in partnership
with Hebei Industry University.
ALYI Corporate Fact Sheet
A Fact Sheet highlighting the Company's recent acquisition of
TekVoice Communications, E-Transaction technology, mass
transportation management services and strategic partnerships is
now available.
If you are interested in receiving a copy of the Fact Sheet call
214-556-5927 or send an e-mail to Red River Advisors at
alternet@redriveradvisors.com.
About Alternet Systems (www.alternetsystems.com)
Alternet Systems, Inc. (OTCBB: ALYI) provides:
telecommunications services; education and health-care application
software and systems; and electronic transaction platforms for the
mass transportation and utility markets. Alternet Systems, Inc. is
a U.S. corporation headquartered in Miami, Florida.
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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Contact: Red River Advisors 214-556-5927
alternet@redriveradvisors.com
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