SOURCE: Alternet Systems, Inc.

Alternet Systems, Inc.

April 15, 2010 09:20 ET

Raytheon and L-3 Veteran to Lead Alternet (ALYI) Mobile Security Division Expansion Into $4 Billion Mobile Security Market

MIAMI, FL--(Marketwire - April 15, 2010) -  Alternet Systems, Inc. (OTCBB: ALYI) has announced security industry veteran Juan Cubides as Chief Executive Officer of International Mobile Solutions (IMS), an Alternet subsidiary. Mr. Cubides brings to IMS a vision of a comprehensive solution to the threats posed to digital communication, through the creation of a broad portfolio of security products and services designed to protect and manage mobile and digital communications. Mr. Cubides is a twenty-five-year security veteran and a pioneer in the deployment and implementation of cutting edge security technologies, such as trace detection, body scanning using spectrometry and millimeter wave, computer tomography, and advanced x-ray technology. Mr. Cubides has worked for industry leaders Raytheon, Ion Track Instruments, General Electric and L-3 Communications, and founded ALAS, the largest trade association for security professionals in Latin America.

IMS was initially created in late 2009 to address security concerns when deploying mobile commerce and transaction services through Alternet's subsidiary Utiba Americas, which services the Americas and Caribbean. IMS expects to exceed Utiba Americas' needs and expand Alternet's mobile security services to the global market. The global mobile security market is expected to surpass $4 billion dollars in 2014, according to an ABI Research study published in January 2010.

When asked about his vision for the company, Mr. Cubides stated, "Our growing dependence upon digital and mobile communications has dramatically increased our security vulnerabilities. The market needs a single source supplier of security services and I am excited to create such a player in IMS. Our customers will have access to our best of class technology, in easily implemented solutions that meet all of their security needs."

Visit www.alternetsystems.com to Learn More and to Sign Up to Receive Regular Alternet Updates

Alternet recently launched an updated investor website and has begun issuing regular investor updates via an email newsletter to its opt-in, permission-based email database. The new website was designed to keep the investor community better informed of Alternet's accomplishments and goals in enabling secure mobile commerce and transactions. To join the email database, please visit www.alternetsystems.com and click on 'Newsletter.'

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.

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