SOURCE: Alternet Systems, Inc.

Alternet Systems, Inc.

November 16, 2010 09:00 ET

Alternet Systems (ALYI) Schedules Webcast to Discuss Accomplishments and Plans

Henryk Dabrowski, CEO of Alternet, Will Discuss the Company's Execution to Date and Expansion Plans for 2011, in a Webcast on November 18th

MIAMI, FL--(Marketwire - November 16, 2010) - Alternet Systems, Inc. (OTCBB: ALYI) today announced a Webcast scheduled for this Thursday, November 18th. The webcast will review the operational milestones reached this year, present its expansion plan and overall vision for the mobile commerce and mobile security industries, and outline its anticipated financing needs. Alternet is an early stage business, with a high growth business plan in the rapidly expanding mobile value added services industry. Alternet recently reported third quarter financial results which showed sales of its mobile commerce subsidiary, Utiba Americas, responsible for an over 200% increase in Alternet's consolidated sales.

The global mobile commerce and security markets are projected to reach a combined market of over $570 billion dollars by 2015. This explosive growth is fueled by the unparalleled spread and adoption of the cellular phone, and the continued evolution of smartphone technologies. In the coming webcast, Alternet CEO Henryk Dabrowski will elaborate on how the company plans to capitalize upon these opportunities.

The webcast is designed to provide current and prospective shareholders with greater insight into the company's plans, and will be hosted in the Investor section of the company website at 2 p.m. Eastern Standard Time on Thursday, November 18, 2010. To access the live webcast, please visit Alternet's web site at least 15 minutes before the scheduled start time to download any necessary audio or plug-in software. A replay of the webcast will be available thereafter and will remain available for at least 90 days.

For more information on Alternet and its subsidiaries visit the company website, follow the company on Twitter @AlternetSystems, LinkedIn, or contact Investor Relations.

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.

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
    Email Contact

    Investor Relations Contact at Alternet:
    Investor Relations
    Email Contact