SOURCE: Alternet Systems, Inc.

Alternet Systems, Inc.

December 08, 2011 09:32 ET

Alternet Systems, Inc. (ALYI) Appoints Visionary Technologist as Chief Technology Officer

MIAMI, FL--(Marketwire - Dec 8, 2011) - Alternet Systems, Inc. (OTCQB: ALYI) (PINKSHEETS: ALYI) today announced the appointment of Angel Pacheco as Alternet's Chief Technology Officer (CTO). Mr. Pacheco brings more than twenty years of experience in C-level positions for companies in the financial and mobile payment industries in the United States, Europe, Latin America and Asia Pacific. Most recently, he was a founder of mobile linked payments provider, Denarii Systems, which provides end-to-end transaction processing technology to implement stored value card programs and mobile banking services.

A serial entrepreneur and visionary technologist, Angel's ventures focus on bringing efficiency to inefficient markets, which is what has inspired him to pursue the field of mobile payments and to join the Alternet team. "We share a vision of facilitating the transition to mobile payments, and the growing need for mobile security. That's why I'm here," Angel commented regarding his recent appointment.

Alternet CEO Henryk Dabrowski expressed enthusiasm for Mr. Pacheco's talents and his addition to the team, saying, "Angel brings a wealth of experience in successfully launching companies and services in evolving technology markets, which he will apply as Chief Technology Officer at Alternet, where he will be responsible for oversight and technology leadership of our mobile commerce and mobile security subsidiaries."

About Alternet Systems, Inc.

Alternet Systems, Inc. (OTCQB: ALYI) (PINKSHEETS: 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.

"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:
    Erin Clancy
    VP Marketing
    Email Contact

    Investor Relations Contact at Alternet:
    Investor Relations
    Email Contact
    1-888-823-8494

    Alternet Systems, Inc.
    South Bayshore Drive
    Suite 301
    Miami, FL 33133, USA
    T +1 (786) 265-1840
    F +1 (786) 513-2887
    www.alternetsystems.com