SOURCE: Alternet Systems, Inc.

Alternet Systems, Inc.

June 18, 2010 10:43 ET

Alternet Systems, Inc.'s (ALYI) Partner UTIBA Authors mCommerce Article in ICT Magazine Connect-World

MIAMI, FL--(Marketwire - June 18, 2010) -  Alternet Systems, Inc. (OTCBB: ALYI) today announced that Justin Ho, Co-CEO of Alternet's mobile commerce partner Utiba Pte Ltd., has authored an article on the future of mobile commerce in the prestigious information and communication technology (ICT) magazine, Connect-World (www.connect-world.com). In the article, Ho highlights the prospects of mobile commerce, or mCommerce, as a source of differentiation, loyalty, and additional revenues for mobile operators, as well as an important financial development tool for rural areas and developing economies. The article is available here: http://www.connect-world.com/articles/recent_article.php?oid=AP_II_2010_06

Alternet announced its joint venture, Utiba Americas, with Utiba earlier this year. Utiba Americas offers the powerful and proven Utiba mobile commerce platform as a Software as a Service (SaaS) in the Americas and the Caribbean region. The Utiba platform currently supports over 365 million mobile commerce subscribers and approximately 30% of the global mobile commerce deployments, as a result of the company's ten years of experience in commercial implementations worldwide.

Utiba Americas offers financial institutions, mobile operators, governments, corporations and retailers the ability to design and deploy reliable, advanced, mobile commerce and banking services to their customers, without extensive upfront capital investment. Use of the hosted service allows customers to focus on acquiring customers and creating vibrant payment ecosystems essential to mobile commerce. By providing this powerful platform as a service, Utiba Americas is breaking the barriers to mobile commerce.

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.

About Utiba Pte Ltd.
Utiba was founded in 2001 with the objective of creating scalable electronic top-up and versatile mobile commerce ecosystems, where users should be able to remit amounts to anyone anywhere in the world, knowing only their mobile phone number. Utiba products are focused around providing mobile transaction and payment solutions to banks, mobile operators, micro finance institutions, and payment service providers. Utiba's products are successfully deployed across 4 different continents and 200 million subscribers. For details, please visit www.utiba.com.

"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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