Alternet Systems, Inc. (ALYI) Webcast to Highlight Mobile Financial Services Strategy and Presence in 17 Countries

MIAMI, FL--(Marketwire - April 1, 2010) - Alternet Systems, Inc. (OTCBB: ALYI) is schedule to release a 2009 annual review Webcast to the corporate website for on-demand review today. In the Webcast, CEO Henryk Dabrowski is expected to present the Company's performance highlights for 2009 and corporate strategy and accomplishments in 2010. Highlights of the Webcast are expected to include further discussion on Alternet's mobile financial services strategy, as recently covered by Business News Americas, and the Company's joint venture with Utiba Pte Ltd, Utiba Americas. Utiba, a leading global supplier of mobile financial transaction platforms for mobile operators and financial institutions, has entered into a joint partnership with Alternet Systems to deploy a Software as a Service (SaaS) platform in the Americas and Caribbean region focused on M-Commerce and mobile financial services including mobile remittances, micro-finance and mobile banking. The Webcast will be made available on-demand on the Alternet corporate website later today.

Alternet's Mobile Financial Services Strategy

Alternet focuses on mobile payment and M-commerce systems and solutions that tie together telecom operators, financial institutions, and payees such as mass public transportation and utility providers. Alternet has regional presences in 17 countries throughout the Americas and Caribbean through a network of fulfillment partners and agents and is actively developing business in Asia and East Africa.

Alternet Featured by Business News Americas

Alternet has been featured in the Business News Americas (BNA) article, 'Leveraging mobile penetration for financial services via Saas'. BNA interviewed Alternet CEO Henryk Dabrowski to learn more about the Company's new joint venture, Utiba Americas and its mobile financial service offerings. The interview provides an inside look at Alternet's expansion plans in Latin America and the Caribbean, target customers and proprietary technologies. To receive a copy of the article, please email ir@alternetsystems.com.

Visit www.alternetsystems.com to Learn More and to Sign Up to Receive Regular Alternet Updates

Alternet has launched an updated web presence and plans to issue regular investor updates via an email newsletter to its opt-in, permission-based email database. The new website was designed in part to keep the investor community better informed of Alternet's accomplishments and goals in enabling secure mobile commerce and transactions. To join the email database, please visit www.alternetsystems.com and click on 'Newsletter.'

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.

Contact Information:

Media Contact at Alternet:
Erin Clancy
VP Marketing
marketing@alternetsystems.com

Investor Relations Contact at Alternet:
Investor Relations
ir@alternetsystems.com
214-556-5927