Business News Americas Features Alternet Systems' (ALYI) Mobile Financial Services and New Joint Venture

MIAMI, FL--(Marketwire - March 31, 2010) -  Alternet Systems, Inc. (OTCBB: ALYI) today announced the Company 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.

2009 Performance Webcast - Thursday, April 1

Alternet is scheduled to release a 2009 annual review Webcast this Thursday, April 1, 2010. Alternet is a fully-reporting public company with an upcoming requirement to publish its financial results for 2009. CEO Henryk Dabrowski plans to present the Company's performance highlights for 2009 this Thursday and the Webcast will be made available for on-demand review on the Alternet corporate website.

Sign Up to Receive Regular Alternet Investor Updates

Alternet plans to issue regular investor updates via an email newsletter to its opt-in, permission-based email database. To join the email database, please visit www.alternetsystems.com and click on 'Newsletter' or send an email to ir@alternetsystems.com.

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