SOURCE: Alternet Systems, Inc.

Alternet Systems, Inc.

March 04, 2010 08:30 ET

Alternet Systems, Inc. (ALYI) Subsidiary, Utiba Americas, to Debut at Mobile Money Transfer (MMT) Americas Show, March 9th - 11th in Mexico City

Alternet CEO Henryk Dabrowski to Speak on Panel

MIAMI, FL--(Marketwire - March 4, 2010) -  Alternet Systems, Inc. (OTCBB: ALYI) today announced that the Company will be exhibiting its mobile money technology and services at the Mobile Money Transfer (MMT) Americas Show (http://www.mobile-money-transfer.com/americas), from March 9th - 11th in Mexico City. Also during the show, Henryk Dabrowski, CEO of Alternet, will contribute his professional experiences on hosted mobile technology in the mobile money market as an expert speaker in a panel discussion, and will debut Alternet's recent joint-venture with Utiba Pte Ltd - Utiba Americas. Utiba, a leading global supplier of mobile financial transaction platforms for mobile operators and financial institutions, has entered into a joint partnership with Alternet systems to deploy a Software as a Service (SaaS) platform in the Americas and the Caribbean region focused on mCommerce and mobile financial services including Mobile Remittances, Micro Finance and Mobile Banking.

MMT Americas
MMT Americas is the first MMT event in the region and will feature several notable guest speakers to include Francisco Gil Diaz, President, Telefonica and Movistar and Jojo Malolos, former Mexico Minister of Finance. The show is expected to include key stakeholders in the mobile money transfer industry and provide the opportunity to learn firsthand from industry experts through several workshops, roundtables, and CEO Q&A sessions.

The show is expected to draw large numbers of financial institutions, retailers, and mobile operators interested in the opportunity of Mobile Commerce and Money Transfer in Latin America and the Caribbean, where more than 80% of the population owns a mobile phone but less than 40% has access to a bank account. The USA to Mexico is the world's largest remittance corridor, with Mexico the world's third largest recipient of remittances, taking in 26.3 billion dollars per year. 

About Utiba Pte Ltd.
Utiba was founded in 2001 with the objective of creating scalable electronic top-up and versatile mobile commerce ecosystems, where users should be able to remit amounts to anyone anywhere in the world, knowing only their mobile phone number. Utiba products are focused around providing mobile transaction and payment solutions to banks, mobile operators, micro finance institutions, and payment service providers. Utiba's products are successfully deployed across 4 different continents and 200 million subscribers. For details, please visit www.utiba.com.

Media Contact at Utiba:
Ritesh Andley
Director - Product Marketing
Ritesh.andley@utiba.com

About Alternet Systems Inc. (www.alternetsystems.com)
Alternet Systems Inc. (OTCBB: ALYI), a US corporation headquartered in Miami, Florida, is a leading enabler of Mobile Commerce services 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 (SaS) 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 Tekvoice Communications, an established provider of hosted Voice over Internet Protocol (VOIP) billing 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.

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