Alternet Systems Management Issues Shareholder Letter Discussing New Initiatives
2009年2月2日 - 11:15PM
Marketwired
Alternet Systems, Inc. (OTCBB: ALYI), a leader in e-ticketing and
mobile transactions services, today issued the following letter to
shareholders from Chairman and CEO, Henryk Dabrowski.
Dear Alternet Shareholders:
The team at Alternet Systems is planning some exciting changes
and additions to our product and service lines designed to further
enhance our revenues and add to shareholder value. We have spent a
considerable amount of time over the past year establishing the
right partnerships to expand and diversify Alternet's offerings and
to successfully accomplish the change of the Company. Since early
2008, the objectives and goals defined by our management team and
approved by our Board of Directors have been 100% accomplished.
We entered into a joint venture with TCPS, the largest provider
of Contactless Fare Collection products and services in China. The
result of this joint venture is Transtech Sino America, Inc. with
which we have secured contracts in Central America, and we are
currently prospecting multiple opportunities in South America and
the Caribbean. We expect that 2009 will allow us to close
additional prospecting opportunities. In conjunction with UTIBA, a
leading mobile transaction platform provider located in Singapore,
we entered into a Letter of Intent to set the basis for our future
initiatives in the M-Commerce area. Under the agreement, Alternet
will provide local management, business development, technical
support and the required funding, while UTIBA will provide
technical support, its proprietary software, operational and
commercial expertise. We have also been quite active in researching
additional markets and applications for our future M-Commerce
offering. We expect to finish the financial models by March 2009
and correspondingly start to execute the first agreements with
potential customers. Specifically, we will be offering a suite of
platforms and services to the Money Remittance, Microfinance and
Micropayment industries in the Americas and the Caribbean.
We have used the knowledge that we have acquired over the last
year to precisely define our existing and future services and
product lines, and to establish the organization and resources to
quickly transform into revenues. It is truly exciting to have
Alternet Systems ready to participate in these revolutionary and
rapid growth market segments.
We will soon be making formal announcements regarding our
revised service and product strategy including our joint ventures
and partnerships, contracts and increased revenue projections.
We see many applications for our offerings across multiple
markets and believe these will be strong potential revenue streams
for us moving through 2009.
In 2008 we engaged the services of Red River Advisors, a
seasoned micro and small cap public relations and investor
relations team. During the initial stage of the financial crisis,
we decided to weather that period and focus on finalizing our
operational objectives for the year. This year, their team will be
helping us expand Alternet's public awareness, providing current
and future investors with updated information, as well as
communicating with the market.
Our organization is happy to announce that Mr. Wei Xiu, Chairman
of TCPS, has officially moved to Miami, Florida. He will undertake
the CEO role at our joint venture, Transtech Sino America,
overseeing its operations and building the operational team to
integrate TCPS operations in China and Alternet's resources. This
is a show of trust and commitment to the joint venture and to our
common vision. Mr. Xiu holds a Ph.D. in International Finance and
is well recognized as a leader in the Prepaid Fare Collection
industry in China. He was responsible for the expansion of TCPS
into more than 80 cities in China and initiated the international
expansion in 2004.
Our management is aware of the challenges ahead. We also
understand that the current worldwide financial crisis is a
potential threat to our business. Our management team is comprised
of seasoned professionals with international experience, who have
managed through periods of financial, political and social crisis.
Based on the team's collective experience, we all agree it is also
a time of opportunity and potentially high profits. Our TCPS
partners say that in China, the word 'crisis' is also used to
express 'opportunity.'
We are very excited about these and other upcoming developments,
and believe we now have the right service and product set to
significantly grow our revenues and enhance shareholder value. It
is going to be an exciting year for our Company and our
shareholders. We look forward to sharing our excitement with you
over the upcoming weeks as we provide more details of this revised
and enhanced product and distribution strategy.
Thank you for your continued support,
Henryk Dabrowski
Chairman and CEO
Alternet Systems, Inc.
About Tianjin IC Card Public Network System CO. LTD
Tianjin IC Card Public Network System CO. LTD (TCPS) is a
high-tech company specialized in the research & development and
production of contactless IC card application system and financial
payment terminals. The Company also attaches a great importance to
the integration of network systems, the exploration of application
software as well as the investment and operation of contactless IC
card payment systems. The company has its headquarters in Tianjin,
in the Peoples Republic of China. (http://www.tcps.com.cn/EN/)
About UTIBA
UTIBA Pty LTd. (UTIBA) creates innovative software solutions for
Mobile Operators and Financial Institutions. Sitting at the
cross-roads between the Subscriber, Merchants and Banks, UTIBA
facilitates low value transactions across mobile networks. UTIBA
currently processes millions of transaction per day, providing cost
savings and new revenue streams for Mobile Operators around the
world. The Company has a deep understanding of the micro payments
market and business requirements and its product portfolio is
mature, flexible and scalable. UTIBA is privately held and was
founded in 2001. UTIBA has selected strategic global partners and
distribution channels to facilitate its aggressive expansion into
new markets, including Asia, Sub-continent, Eastern Europe and
South America. UTIBA is a world leader in micro payments and
distribution systems, growing rapidly as a de-facto technology for
mobile transactions.
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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