SOURCE: Alternet Systems, Inc.

Alternet Systems, Inc.

April 20, 2010 09:08 ET

Alternet Systems, Inc. (ALYI) Launches Mobile Security Subsidiary International Mobile Security (IMS) Website to Support Partner Network

MIAMI, FL--(Marketwire - April 20, 2010) -  Alternet Systems, Inc. (OTCBB: ALYI), a leading enabler of secure mobile commerce and payment transactions, today announced that as part of its strategic plans for its mobile security subsidiary, International Mobile Solutions (IMS), the Company has launched an IMS web presence dedicated to its mobile security offering -- www.internationalmobilesecurity.com.

The web site currently provides an overview of the comprehensive product offering the company is preparing to deploy. In the near future, the site will provide both IMS technology partners and resellers with product literature and specifications, pricing, and a customer relationship management (CRM) tool for agents and distributors.

Alternet also recently announced pursuing a confidential target acquisition to support the IMS subsidiary operation and the appointment of security industry veteran, Juan Cubides (http://tinyurl.com/yysagh6), to lead IMS. The target acquisition would provide IMS with mobile security-related intellectual property. IMS was created in late 2009 to address security concerns when deploying mobile commerce and transaction services. IMS's aim is to expand Alternet's mobile security services to the global mobile security market, which is expected to surpass $4 billion dollars in 2014, according to an ABI Research study published in January 2010.

About Alternet Systems Inc. (www.alternetsystems.com)

Alternet Systems Inc. (OTCBB: ALYI), a US corporation headquartered in Miami, Florida, is a leading enabler of Mobile Commerce services in the Americas and Caribbean. Alternet has regional presences in 17 countries throughout the region through a network of fulfillment partners and agents. Alternet's subsidiaries provide a comprehensive suite of hosted and Software as a Service (SaaS) applications for the Utility, Transportation, Financial, and Telecommunication, and Retail industries. Alternet subsidiaries include Utiba Americas, a joint venture with Utiba Pte Ltd., the leading provider of mobile payment and financial transaction software and Tekvoice Communications, an established provider of hosted Voice over Internet Protocol (VOIP) billing services.

"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
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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