SOURCE: Alternet Systems, Inc.

Alternet Systems, Inc.

October 15, 2009 13:45 ET

Alternet Systems, Inc. Mobile Payment and E-Ticketing Solutions Featured in Shanghai Summit Webcast

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.

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