SOURCE: Alternet Systems, Inc.

Alternet Systems, Inc.

April 23, 2012 09:00 ET

Alternet Systems, Inc. (ALYI) Announces Letter to Shareholders

MIAMI, FL--(Marketwire - Apr 23, 2012) - Alternet Systems, Inc. (OTCQB: ALYI) (PINKSHEETS: ALYI) today announced the availability of a Letter to Shareholders from company Chairman and CEO, Henryk Dabrowski, which can be downloaded from the company's website. The letter outlines advances made by both of Alternet's operating subsidiaries which target two explosive segments of the mobile value added services market, mobile financial services and mobile security.

In the letter Chairman Dabrowski offers an overview of the accomplishments of Utiba Americas, Alternet's mobile commerce subsidiary and joint venture with leading mobile financial services solution provider, Utiba. Highlights include a summary of the company's contracts and deployments since its launch in 2010, an overview of the evolving market for mobile financial services and how Utiba Americas' product mix is changing to cater to new market segments.

Alternet's partner Utiba recently announced its Converging Payments strategy and leading participation in the MasterCard Mobile Money Partnership Program, and in the letter Mr. Dabrowski outlines how this partnership and strategy will impact Utiba Americas and its current and future customers throughout the Americas region.

Mr. Dabrowski also highlights the acquisition of intellectual property concluded by Alternet's mobile security subsidiary IMS, and its redoubled efforts in marketing mobile security solutions for law enforcement. As a result of these efforts the company has many contracts currently under consideration and a pipeline of qualified sales opportunities.

In conclusion, Mr. Dabrowski provides additional analysis of the company's financial results for the fiscal year 2011 and the goals to be realized in 2012.

About Alternet Systems Inc.
Alternet Systems Inc. (OTCQB: 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 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
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    Investor Relations Contact at Alternet:
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