SOURCE: Alternet Systems, Inc.

Alternet Systems, Inc.

February 12, 2010 10:56 ET

Alternet Systems, Inc. Releases Letter to Shareholders on Five-Year Plan to Reach $75 Million in Profitable Annual Revenue in Partnership With Utiba and NewMarket Technology, Inc.

MIAMI, FL--(Marketwire - February 12, 2010) - Alternet Systems, Inc. (OTCBB: ALYI) today released a letter to shareholders from CEO and founder Henryk Dabrowski. The letter includes an overview of the Company's past experiences, including a project team caught in the Haiti earthquake and how those experiences have led to the current plan of operation. The letter also reviews Alternet's partnerships with Utiba Pte Ltd. ( and NewMarket Technology, Inc (PINKSHEETS: NWMT). The letter is included in its entirety below.

Dear Fellow Shareholders,

Alternet is an early stage company and faces both the opportunities and challenges that come with being an early stage company. I am enthusiastic about the promise of our proprietary technology and global business partnerships and I am confident in our experienced Alternet management team. I believe the everyday challenges of being an early stage company that we face and overcome make us even stronger and will enable us to successfully achieve our long-term goals. Surviving a global financial crisis and an earthquake of historic proportion solidifies our resolve even more.

Yes, Alternet was on the ground in Haiti on the day of the earthquake. Alternet is in the business of mobile money transaction systems, and the leading market opportunities for mobile money remittance today are within some of the world's more challenging economic regions. Alternet was working on a project in Haiti. In fact, I was in Haiti myself for key, next step meetings on the day of the earthquake. I would gladly exchange multiple global financial crisis experiences and challenges for the 24 terrifying and humbling hours I spent in Haiti. I am grateful to my wife for managing to coordinate a single engine Cessna to come to my rescue and the rescue of our team. We are fortunate to have survived and ever thankful. We are also awestruck by the role of mobile technology in saving lives in Haiti. Our project in Haiti is a small financial loss, but an overwhelming validation of the demand for mobile money remittances and mobile commerce expansion. Mobile money remittance is not only a tremendous business opportunity, it can change and even save lives. I believe as we begin to communicate more information on both our current and upcoming projects, that you will not only be impressed with the return on investment potential, but the social responsibility benefit as well.

Look for a Webcast presentation later this month on our five-year, $75 million profitable annual revenue outlook. The presentation will include an update of our vision and mission and an overview of our proprietary technologies and key partnerships. We have a strategic partnership with Utiba Pte. Ltd. from Singapore ( and anticipate a number of strategic announcements regarding our Utiba partnership over the coming weeks. We are also participants in the NewMarket Technology Greenfield Partners Program and are already benefiting from the NewMarket partnership with wider market distribution and back office relief. We expect to enhance our organic growth potential to $75 million in profitable annual revenue with a small number of strategic acquisitions. We anticipate potentially executing one or two of those acquisitions this year.

We plan to announce changes to our Board of Directors and the addition of key management with successful industry track records as well as our move to new corporate offices in Coral Gables, Florida. We have learned a great deal about our mobile money and e-ticketing market opportunity through both our ordinary and exceptional early stage company experiences. We believe our refined business plan is sound and we know our determination is resolved. We look forward to sharing more with you as our plan unfolds.

Until then, thank you.

Henryk Dabrowski
Founder and CEO
Alternet Systems, Inc.

About Alternet Systems (

Alternet Systems Inc., 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.


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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