SOURCE: Alternet Systems, Inc.

Alternet Systems, Inc.

August 29, 2013 08:00 ET

Alternet Systems Announces the Successful Migration of TchoTcho Mobile to Utiba's Mobility Platform by Its Subsidiary Utiba Americas and Expansion Into Additional International Markets

MIAMI, FL--(Marketwired - Aug 29, 2013) - Alternet Systems, Inc. (OTCQB: ALYI) ("Alternet" or the "Company"), a technology investment holding company focused on the complimentary, high-growth markets of mobile financial services and mobile cyber-security, announced today TchoTcho Mobile, the mobile money platform of Haiti's leading telephone company Digicel, has successfully migrated to Utiba's Mobility platform. TchoTcho Mobile is the most popular mobile money service in Haiti, allowing subscribers a quick, simple, and secure way to manage their money from their phone.

As outlined in the joint Digicel and Utiba press release dated August 6th 2013, the migration of TchoTcho Mobile to Utiba Mobility was completed in May 2013, and includes standard mobile financial transactional services, such as person-to-person and person-to-business payments; agent management; cash-in via bank and agent cash-in; government subsidies disbursement; as well as bill payments, lottery payments and international remittances. Additionally, the Utiba Mobility platform allows for the ability to incorporate new features as needed.

Renowned for delivering the best value, service and network to customers and agents in 36 markets worldwide, Utiba's Mobility platform was selected by Digicel in 2012 with the strategic objective to create a new and improved base system to be utilized across select operations. The mobile commerce agreement with Digicel is being carried out by Utiba Americas, a joint venture between Utiba Pte. Ltd. and Alternet Systems. Utiba Americas is focused on deploying mobile financial services solutions to mobile network operators, financial institutions and third party payment service providers throughout the Americas region.

Mr. Henryk Dabrowski, CEO of Alternet Systems, commented on the completed migration, "We are very pleased and encouraged by Digicel's timeliness and efficiency in migrating TchoTcho Mobile to Utiba's Mobility platform and are confident they can continue on this trajectory with their other operations over the next 2 years. Once completed, Digicel users will have easy access to a variety of mobile money services to meet their banking needs, and Digicel will have a comprehensive platform that will no doubt set the bar very high for their competitors moving forward."

ABOUT TCHOTCHO MOBILE
Digicel's TchoTcho Mobile is the first mobile phone-based financial service launched in Haiti. For 3 years, TchoTcho has pioneered an interconnected ecosystem of agents, merchants, and customers with the goal of easing the burden of financial transactions in Haiti. By providing subscribers with a quick, simple, and secure way to perform financial transactions from their phones, TchoTcho strives to innovate and create while ensuring the service's simplicity and ease of use. With TchoTcho, subscribers can pay for goods and services; withdraw and deposit cash via agents and banks; recharge their telephones; receive government subsidies, and purchase lottery credit. New programs, such as savings programs and other innovative financial services, are continually researched and developed as applicable. Visit http://digicelhaiti.com/tchotcho/en/ for more information.

ABOUT DIGICEL
Digicel Group Limited is a leading global telecommunications provider with operations in 31 markets in the Caribbean, Central America and Asia Pacific. After 12 years of operation, total investment to date stands at over US$4.5 billion worldwide. The company is renowned for delivering best value, best service and best network. Visit www.digicelgroup.com for more information.

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, and 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. Utiba has partnered in joint venture with Alternet Systems, Inc. (OTCQB: ALYI) for the Americas region and with MasterCard, Validsoft, i2c, Oracle and others to develop and deploy more sophisticated mobile financial services. For more information, visit www.utiba.com or follow on Twitter at www.twitter.com/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 www.alternetsystems.com and by following the company on Twitter www.twitter.com/alternetsystems.

For further information about this release contact Investor Relations at 1-888-823-8494, 1-800-631-8127 and/or via email at ir@alternetsystems.com.

"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

  • Investor Relations Contact at Alternet:
    Rich Kaiser
    1-800-631-8127
    1-888-823-8494
    Email Contact