SOURCE: Alternet Systems, Inc.

Alternet Systems, Inc.

August 16, 2012 12:41 ET

Alternet (ALYI) Subsidiary and Partner Expand Cloud Based Mobile Payments Platform Worldwide

Alternet Subsidiary's Innovative Hosted Mobile Financial Services Platform to Be Available Worldwide

MIAMI, FL--(Marketwire - Aug 16, 2012) - Alternet Systems Inc. (OTCQB: ALYI) today announced that its partner Utiba, leading provider of mobile financial service solutions, is expanding its Software as a Service (SaaS) offering worldwide. Launched initially by Utiba Americas, Utiba's affiliate for the Americas and joint venture with Alternet, the SaaS offering has been positively received in the market and currently supports customers in Central America and Eurasia. Launches are underway in other Latin America countries of Bolivia, Colombia, Peru and Mexico, as well as in Asia Pacific. The market's enthusiastic response has led Singapore-based Utiba to expand the hosted services model globally, with regional points of presence (POPs) planned for Asia, India, Eastern Europe and the Middle East / Africa. 

The SaaS offering was designed to meet the needs of financial institutions, mobile network operators, and payment service providers seeking a robust and flexible platform on which to rapidly launch their mobile financial services. By offering customers access to Utiba's platform with a minimum upfront investment and ongoing, incremental fees per user or per transaction, Utiba lowers its customer's entry barriers and time to market. This allows the mobile payment provider to focus on their core skills of marketing, customer acquisition and retention and the development of distribution and agent networks, all of which will result in better end user adoption and usage rates.

"We are excited to see the SaaS product made available worldwide. Our subsidiary, Utiba Americas, has found the market in Latin America very receptive to the hosted service model. This business model allows us to participate in mobile payment transactions taking place on the platform over a period of years, providing us with a recurring revenue stream, while assuming the important role of technology partner for our customers. Offering the Utiba platform as a service has been an important element of our success in the Latin American region," commented Alternet CEO Henryk Dabrowski. 

About Utiba
Utiba has spent more than a decade developing the leading mobile financial services solutions in the market, in pursuit of its vision of enabling everyone to make mobile payments. In use in more than 30 countries, the Utiba Mobility platform supports 660 million subscribers and processes over 12 billion transactions per year, enabling people to send money, pay bills, receive salaries and more, all from their mobile phone. Privately held Utiba is headquartered in Singapore, with seven regional sales, service and development offices worldwide. For more information, visit or follow us on Twitter @utibamobility.

About Alternet Systems Inc.
Alternet Systems Inc. (OTCQB: ALYI), a US corporation headquartered in Miami, Florida, is an investment holding company focused on the complimentary, high-growth markets of cyber-security and mobile financial services. Through its subsidiaries, Alternet captures and converts the extraordinary growth and opportunities surrounding the explosion of mobile phones worldwide. Its cyber-security subsidiary, International Mobile Security (IMS), provides mobile and digital security solutions to law enforcement agencies. Alternet's mobile financial services subsidiary, Utiba Americas, is a joint venture with Utiba Pte, the leading developer of mobile payment software solutions. Utiba Americas is deploying mobile financial services solutions for mobile network operators, financial institutions and third party payment service providers throughout the Americas region. More information about Alternet and its subsidiaries can be found at and by following the company on Twitter

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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