SOURCE: Alternet Systems, Inc.

October 19, 2009 13:20 ET

Alternet Systems, Inc. Joins African Trade Mission With Focus on Strategic Mobile Payment Opportunities to Further Expand Its Existing Sales Base

MIAMI, FL--(Marketwire - October 19, 2009) - Alternet Systems, Inc. (OTCBB: ALYI) announced today that the Company representatives will be joining a Trade Mission to Kenya next week. On the Trade Mission, Alternet plans to focus on mobile payment opportunities in Kenya and the East African market. The primary sales targets for Alternet's mobile payment solutions will be concentrated within developing economic regions. Alternet has announced partnerships to penetrate markets in Asia and Africa through the Greenfield program, in addition to its current base of sales in Central and South America.

Alternet began participating in the Greenfield program earlier this year. The Greenfield program was started by NewMarket Technology, Inc. (PINKSHEETS: NWMT) 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. Other companies currently participating in the program include China Crescent Enterprises, Inc. (OTCBB: CCTR) and NuMobile, Inc. (OTCBB: NUBL). These companies were chosen to participate in the partnership program based on their technology and service offerings in conjunction with the emerging geographic markets in which they currently participate.

Greenfield Partner Webcast Available On-Line

Alternet was featured in a Greenfield Webcast on Friday, October 9th. 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 also includes a discussion of the Greenfield program and $0.28 suggested fair value target price per share. The Webcast is available on-demand at http://www.newmarkettechnology.com/webcast_20091009.htm.

Alternet's Mobile Payment and M-Commerce Systems and Emerging Markets

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. 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.

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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