Alternet Systems, Inc.'s Transtech de Guatemala, S.A. Hosts Association of Urban Buses of the City of Guatemala on Chinese Trade
2008年12月6日 - 4:47AM
Marketwired
Alternet Systems, Inc.'s (OTCBB: ALYI) regional subsidiary
Transtech de Guatemala, S.A. recently hosted 54 members of the
Association of Urban Buses of the City of Guatemala on a trade
mission to China. The trade mission was co-hosted by Tianjin IC
Card Public Network System Co. LTD, Transtech's Chinese partner.
This is the second trade mission in which Transtech has hosted
the Association of Urban Buses. In October, Alternet hosted the
Association's board of directors and other senior management.
Following the success of the trade mission, the Association of
Urban Buses requested an additional trade mission to showcase
Transtech's turnkey mass transportation management capabilities to
additional association members.
The trade mission included visiting Chinese bus manufacturing
facilities and prepaid fare collection operations in Tianjin.
Additionally, trade mission delegates had the opportunity to visit
Guangzhou in the Guangdong province to learn more about the
operation of 6,000 buses currently running on Liquid Petroleum Gas
(LPG) fuel.
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, currently provided to the Municipality of the City of
Guatemala. Initially, Banrural's ATM network will be used as a
recharge point of sale system for prepaid bus fare collection, and
will eventually be adopted in the bank agencies and offices.
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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