SOURCE: Alternet Systems, Inc.

July 31, 2008 10:32 ET

Alternet Systems, Inc. to Present Company's Wireless E-Ticket Technology Anticipated to Process 24 Million Transactions Within First Year in Public Webcast August 5th at 12 PM EDT

Company Releases Investor Fact Sheet Highlighting Proprietary E-Transaction Services

VANCOUVER, BC--(Marketwire - July 31, 2008) - Alternet Systems, Inc. (OTCBB: ALYI) today announced a public Webcast scheduled for Tuesday, August 5, 2008 at 12 pm EDT featuring the Company's recently announced wireless E-Ticket technology anticipated to process 24 million passenger transactions within the first year of operation. A link will be made available prior to the Webcast.

Alternet has recently launched a communications campaign in conjunction with the roll out of its proprietary E-Ticket solution. A new Investor Fact Sheet is available featuring the Company's mass transportation management services as well as the Company's recent expansion into E-Transaction services.

Alternet recently acquired TekVoice Communications, Inc. to augment the internal development of its wireless consumer E-Transaction solution. Prior to the TekVoice acquisition, Alternet was a development stage business. Through the TekVoice acquisition, Alternet has gained a proven billing solution to compliment the Company's overall wireless E-Transaction solution and a customer base with approximately $3 million in annual revenue. Initially, Alternet will concentrate on delivering its E-Transaction services in Latin America. The Company chose this region for several reasons, including its high annual growth rate, large population, dependence on public transportation and lack of formal banking for many residents. Some highlights of Alternet's E-transaction business model include:

--  Establishing a recurring revenue foundation through the Company's E-
    Transaction solution by processing 24 million E-Tickets within the first
    year following the solution roll out.
--  Sales campaign to market Alternet's mobile (cell phone and PDA)
    transaction services to support electronic payment transactions in the
    financial, telecommunications, and utility industries.
--  Strategic partnerships with established industry leaders to provide
    additional technology enhancements such as video and voice security,
    prepaid fare collection and green technology for mass transportation fleets
--  The benefits to potential clients using e-transactions, including
    reduced "bad debts," improved operational and administrative activity,
    increased payment flexibility and improved cash flow.
--  Imminent announcement of breakthrough E-Transaction contract in the
    region.
    

If you are interested in receiving a copy of the Fact Sheet, which provides a list of strategic partnerships, business sectors and relevant investment information send an e-mail to Red River Advisors, at alternet@redriveradvisors.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country. Upon receipt of the above information, an overview will be sent to you by e-mail.

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 with offices in Miami, Florida and Vancouver, British Columbia, Canada.

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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