Alternet Systems, Inc. Presents $1 Million Investment Commitment and Merger and Acquisition Plan in Exclusive Strategic Update Webcast Conducted by CEO Henryk Dabrowski

MIAMI, FL--(Marketwire - March 23, 2010) -   Alternet Systems, Inc. (OTCBB: ALYI) today released an exclusive on-demand Webcast to present the Company's latest strategic updates. Chief Executive Officer Henryk Dabrowski overviews the Company's recent $1 million investment commitment and merger and acquisition plan. The Webcast is approximately six minutes long and is available at http://app.sliderocket.com/app/FullPlayer.aspx?id=be7b4d35-c563-4a75-b27a-596a11b65ba8.

Separately, Alternet is scheduled to be featured in an upcoming Webcast being released this Thursday, March 25^th by the NewMarket Technology, Inc. (PINKSHEETS: NWMT) Greenfield Partnership Program. Alternet is a Greenfield program participant, and the Webcast on Thursday has been planned to provide updates on program milestones and a preview of partners' upcoming financial reports for fiscal year 2009. A link to the on-demand Webcast will be posted to the NewMarket corporate website (www.newmarkettechnology.com) upon release Thursday. The Greenfield Partnership Program also includes China Crescent Enterprises, Inc. (OTCBB: CCTR) and NuMoblile, Inc. (OTCBB: NUBL) and the Webcast is scheduled to include updates on all participant companies.

Mobile Payment and M-Commerce Solutions

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.

Sign Up to Receive Regular Alternet Investor Updates

Alternet plans to launch its updated web presence shortly and to issue regular investor updates via an email newsletter to its opt-in, permission-based email database. To join the email database, please send an email to ir@alternetsystems.com.

About Alternet Systems Inc. (www.alternetsystems.com)

Alternet Systems Inc. (OTCBB: ALYI), a US corporation headquartered in Miami, Florida, is a leading enabler of Mobile Commerce services in the Americas and Caribbean. Alternet has regional presences in 17 countries throughout the region through a network of fulfillment partners and agents. Alternet's subsidiaries provide a comprehensive suite of hosted and Software as a Service (SaaS) applications for the Utility, Transportation, Financial, and Telecommunication, and Retail industries. Alternet subsidiaries include Utiba Americas, a joint venture with Utiba Pte Ltd., the leading provider of mobile payment and financial transaction software and Tekvoice Communications, an established provider of hosted Voice over Internet Protocol (VOIP) billing services.

"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.

Contact Information:

Media Contact at Alternet:
Erin Clancy
VP Marketing
eclancy@alternetsystems.com

Investor Relations Contact at Alternet:
Investor Relations
ir@alternetsystems.com
214-556-5927