SOURCE: Alternet Systems, Inc.

Alternet Systems, Inc.

October 29, 2009 09:00 ET

Alternet Systems, Inc. Posts Exclusive Strategic Update Webcast on M-Commerce and E-Ticketing Solutions

MIAMI, FL--(Marketwire - October 29, 2009) - Alternet Systems, Inc. (OTCBB: ALYI) today released an on-demand, strategic update Webcast presentation on the Company's m-commerce and e-ticketing solutions. The Webcast reviews the Company's acquisition pipeline and global sales pipeline and projections to a potential $25 Million in annual revenue.

Alternet has recently announced partnerships to penetrate markets in Asia and Africa, in addition to its current base of sales in Central and South America. The Webcast reviews several of these partnerships, including the recently announced partnership with NuMobile, Inc. (OTCBB: NUBL) to jointly pursue the mobile computing and smartphone market in Central and South America, where Alternet currently offers its mobile payment solutions, and in China. NuMobile is a young smartphone and mobile computing software company growing through a roll-up strategy to build a portfolio of mobile software solutions that are complimentary to the mobile payment solutions offered by Alternet.

Alternet's Mobile Payment and M-Commerce Solutions

Alternet's solutions focus 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. With the majority of the population in emerging markets belonging to the "unbanked" sector, mobile banking opens up a major opportunity to deliver financial services to a rapidly growing subscriber base. Penetration of mobile services around the world has increased rapidly, with the subscriber base worldwide growing from just over 11 million mobile phone users in 1990 to over 3 billion in 2008. Growth is particularly impressive in developing economies. With only 1 billion bank accounts worldwide and close to 4 billion mobile phone subscribers, both mobile network operators and financial institutions recognize the value proposition in offering mobile financial services.

A link to the Webcast is available here: http://www.newmarkettechnology.com/webcastgfalyi_20091029.htm.

About Alternet Systems (http://www.alternetsystems.com/)

Alternet Systems offers a wide range of mobile commerce and electronic ticketing payment services and solutions. It facilitates the transition of cash based transactions to mobile based cashless applications, by enabling the end user with a simple, efficient and reliable mobile experience. From M-Commerce Solutions IP Applications Billing to E-ticketing Services, Alternet offers a comprehensive suite of applications for the Utilities, Public Transportation, Financial, and Telecommunications markets. Its broad range of solutions delivers affordable and efficient m-commerce platforms that truly enable new customers, new merchants and new services. Alternet Systems, Inc. is a U.S. corporation headquartered in Miami, Florida.

"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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