Contact Information: Contact: Investor Relations 214-556-5927 ir@alternetsystems.com
Alternet Systems, Inc. Mobile Payment and E-Ticketing Solutions Featured in Shanghai Summit Webcast
| Source: Alternet Systems, Inc.
MIAMI, FL--(Marketwire - October 15, 2009) - Alternet Systems, Inc.'s (OTCBB : ALYI ) mobile
payment and electronic ticketing services and solutions have been featured
in a Greenfield partner Webcast released earlier today focused on
technology and outsourcing opportunities in China. Alternet began business
development last year in China, with an initial focus on the Company's
e-ticketing solution, and this year has expanded its objectives in China to
include an e-commerce strategy. This week, the Company also announced
Greenfield program meetings in Shanghai, China 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. 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.
A link to the Webcast titled 'China Crescent Outsourcing Summit Review
Webcast' is now available at www.chinacrescent.com under Recent Webcasts.
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.