Contact Information: Contact: Investor Relations 214-556-5927 ir@alternetsystems.com
Alternet Systems, Inc. Offers Mobile Payment and E-Ticketing Solutions on Three Emerging Market-Dominated Continents Through Greenfield Partnership Program
| Source: Alternet Systems, Inc.
MIAMI, FL--(Marketwire - October 14, 2009) - Alternet Systems, Inc. (OTCBB : ALYI ) began
participating in the Greenfield Partnership program earlier this year. The
Greenfield program was started 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.
Through the Greenfield program, Alternet is expanding its offerings in
Central and South America and China and entering East Africa. Alternet
plans to expand its base of business in Latin America through the
introduction of additional mobile computing software solutions to its
portfolio. In China, the Company began business development last year 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 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 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.