Alternet Systems, Inc. Announces Mass Transit Wireless E-Ticket System Anticipated to Process 24...

tmcnet.com     Jul 24, 2008            

VANCOUVER, BC, July 24 / MARKET WIRE/ -- Alternet Systems, Inc. (OTCBB: ALYI) today released a letter to shareholders from CEO Henryk Dabrowski detailing the Company's rollout of its wireless consumer E-Ticket solution for the mass transportation market. Prepaid fare collection, commonly known as "E-Ticketing," is becoming an industry standard in the mass transportation marketplace. Alternet is initially targeting the mass transportation market in Central and South America and anticipates establishing a recurring revenue foundation with its E-Transaction solution by processing 24 million E-Tickets within the first year following the solution rollout. Alternet has built a comprehensive wireless E-Transaction system that can support electronic payment transactions for multiple industries. The Company plans to subsequently... [read full story]                    


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