SOURCE: Alternet Systems, Inc.

Alternet Systems, Inc.

September 09, 2010 09:00 ET

Alternet Systems (ALYI) Expands Mobile Commerce Offering to Include Business Consulting

Subsidiary Concludes Framework Agreement With Amarante Consulting

MIAMI, FL--(Marketwire - September 9, 2010) -  Alternet Systems, Inc. (OTCBB: ALYI) today announced the conclusion of a framework agreement between its mobile commerce subsidiary, Utiba Americas, and Amarante Consulting. This agreement will give Utiba Americas' customers -- mobile network operators, financial institutions, mobile payment service providers, to name a few -- access to Amarante Consulting's expertise in the implementation of mobile financial services, in packages tailored to their needs. 

Amarante Consulting is a leading independent consultancy specialized in Mobile Financial Services (MFS) for emerging markets. Amarante Consulting's team of international experts provides pragmatic advice informed by hands on implementation experience gained from 25 MFS projects. Current Amarante projects span the continents of Asia, Africa, Middle East and Central America, and customers include Orange, Roshan, QTEL, TIGO, Guyana Telecom, Scotia Bank, Family Bank, IDB and the Rural Banks of Indonesia.

Utiba Americas is the result of a joint partnership between Singapore-based Utiba Pte., the leading global supplier of mobile financial transaction platforms for mobile operators and financial institutions, and Alternet. Utiba Americas is rapidly deploying Utiba's robust and flexible mobile commerce platform as a Software as a Service (SaaS) in the Americas and the Caribbean region, providing mCommerce and mobile financial services including mobile remittances, micro-finance and mobile banking.

The agreement between Utiba Americas' and Amarante Consulting gives Utiba Americas' customers access to industry best practices for assessing mobile commerce and banking opportunities, and hands on assistance in the design of business models and processes to support the rapid and successful deployment of these services. 

About Alternet Systems Inc.

Alternet Systems Inc. (OTCBB: ALYI), a US corporation headquartered in Miami, Florida, is a leading enabler of Secure Mobile Commerce and Communications 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 International Mobile Security (IMS) a newly formed provider of mobile communications security products and 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:
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    Investor Relations Contact at Alternet:
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