SOURCE: Alternet Systems, Inc.

October 13, 2009 09:56 ET

Alternet Systems, Inc. Announces Greenfield Meetings in Shanghai Following Program Endorsement With $0.28 Suggested Fair Value Target Price per Share

MIAMI, FL--(Marketwire - October 13, 2009) - Alternet Systems, Inc. (OTCBB: ALYI) today announced Greenfield program meetings in Shanghai, China, this week concentrated on the Company's mobile payment software solutions in the Chinese market. Alternet's solutions focus on mobile payment and m-commerce systems and solutions that tie together telecom operators, financial institutions, and payees such as mass public transportation and utility providers. The Greenfield program has been developed to accelerate the introduction of new technologies into emerging markets around the world where technology buying is on the rise, while improving return on investment (ROI) potential. Alternet has been participating in the Greenfield program this year, and separately began developing business in China in 2008, with an initial focus on the Company's e-ticketing solution.

Greenfield Program's Focus on Technology in Emerging Markets

On Friday, Alternet released an online, on-demand Webcast presentation hosted by the Greenfield program. The Webcast concentrates on the Company's mobile commerce and electronic ticketing payment services and solutions, with a special focus on these solutions in developing economies. The presentation includes a discussion of the Greenfield program and $0.28 suggested fair value target price per share.

A link to the presentation titled "Greenfield Program Presentation Featuring Alternet Systems, Inc." is available at http://www.newmarkettechnology.com/webcast_20091009.htm.

About Alternet Systems (http://www.alternetsystems.com/)

Alternet Systems offers a wide range of mobile commerce and electronic ticketing payment services and solutions. It facilitates the transition of cash based transactions to mobile based cashless applications, by enabling the end user with a simple, efficient and reliable mobile experience. From M-Commerce Solutions IP Applications Billing to E-ticketing Services, Alternet offers a comprehensive suite of applications for the Utilities, Public Transportation, Financial, and Telecommunications markets. Its broad range of solutions delivers affordable and efficient m-commerce platforms that truly enable new customers, new merchants and new services. Alternet Systems, Inc. is a U.S. corporation headquartered in Miami, Florida.

"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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