SOURCE: Alternet Systems, Inc.

Alternet Systems, Inc.

June 27, 2011 09:00 ET

Alternet Systems, Inc. (ALYI) Partner & Subsidiary Participate in Global Mobile Money Summit

MIAMI, FL--(Marketwire - Jun 27, 2011) - Alternet Systems, Inc. (OTCQB: ALYI) (PINKSHEETS: ALYI) today announced that its mobile commerce partner, Utiba, and its subsidiary, Utiba Americas, will exhibit in the GSMA Mobile Money Summit (MMS) to take place in Singapore June 27th - 30th.

The GSMA Mobile Money Summit (MMS) is known as the industry's most important networking event, where key players from every sector of the industry meet to forge relationships, expand ideas and foster the growth of Mobile Money. With the rapid expansion of mobile money and mobile commerce globally, this year's event promises to bring interesting cases to the fore.

This year's MMS is held in Singapore, where Alternet partner Utiba is headquartered and where many of the company's more than 40 deployments are located, including: G-Cash in the Philippines, Dompetku in Indonesia, M-Service and Momo in Vietnam, Cellcard in Cambodia, True in Thailand and Maxis in Malaysia, among others.

Utiba Americas is Utiba's affiliate in the Americas and a joint venture with Alternet Systems. The company has been actively marketing the Utiba mobile financial services platform, both as a software license and as a software as a service (SaaS), a hosted platform that allows companies to launch mobile financial services without incurring the upfront investment in software and hardware and avoiding the operational expense associated with managing and maintaining the platform. Utiba Americas has projects in deployment in 14 countries throughout the Americas region.

About Utiba Pte. and Utiba Americas

Since its incorporation in 2001, Utiba has focused exclusively on the development of the most scalable, flexible and modular, mobile financial transaction platform in the market, Utiba Mobility. The Utiba Platform enables mobile phone based transactions including electronic airtime distribution, retail mobile banking, domestic & international remittance, government benefit distribution, and utility payments, among others. Utiba's clients include Mobile Network Operators (MNOs), Banks, and Payment Service Providers (PSPs) which have created highly successful solutions tailored to the microfinance and rural banking industries. The Utiba platform has been successfully deployed for over 40 customers in more than 30 countries. The platform currently supports more than 400 million subscribers, approximately 12 billion transactions per year, which represents 30% of the global, mobile commerce data traffic. For more information, visit www.utiba.com.

Utiba Americas is Utiba's affiliate for the Americas region, which offers both Utiba platform licenses, and the Utiba end to end mobile financial service solution as a hosted service. Utiba Americas is a joint venture with Miami based Alternet Systems, Inc. (ALYI), which invests in companies operating in the explosive mobile value added services markets.

For more information contact:

Erin Clancy - eclancy@utiba.com

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 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:
    Erin Clancy
    VP Marketing
    Email Contact
    Twitter: @Alternetsystems

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

    Alternet Systems Inc.
    South Bayshore Drive
    Suite 220-12
    Miami, FL 33133, USA
    T +1 (786) 265-1840
    F +1 (786) 513-2887
    www.alternetsystems.com