SOURCE: Alternet Systems, Inc.

October 06, 2009 10:49 ET

Alternet Systems, Inc. Announces Greenfield Webcast to Present Updated Strategy and Suggested Fair Value Target Price per Share This Friday

MIAMI, FL--(Marketwire - October 6, 2009) - Alternet Systems, Inc. (OTCBB: ALYI) today announced the Company is scheduled to release an online, on-demand Webcast presentation on the Company's mobile commerce and electronic ticketing payment services and solutions and a suggested fair value target price per share this Friday, October 9.

Alternet's solutions focus on effective and profitable 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. With the majority of the population in emerging markets belonging to the "unbanked" sector, mobile banking opens up a major opportunity to deliver financial services to a rapidly growing subscriber base. Penetration of mobile services around the world has increased rapidly, with the subscriber base worldwide growing from just over 11 million mobile phone users in 1990 to over 3 billion in 2008. Growth is particularly impressive in developing economies. With only 1 billion bank accounts worldwide and close to 4 billion mobile phone subscribers, both mobile network operators and financial institutions recognize the value proposition in offering mobile financial services.

Greenfield Program's Focus on Technology in Emerging Markets

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 with a focus on Latin America.

A link to the presentation is scheduled to be released on Friday.

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

Alternet Systems, Inc. (OTCBB: ALYI) provides: telecommunications services; education and health-care application software and systems; and electronic transaction platforms for the mass transportation and utility markets. 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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