SOURCE: Alternet Systems, Inc.

Alternet Systems, Inc.

October 28, 2009 10:34 ET

Alternet Systems, Inc. Strategic Update Webcast on Emerging Market Acquisition and Sales Pipeline Scheduled for Release Tomorrow, October 29th

MIAMI, FL--(Marketwire - October 28, 2009) - Alternet Systems, Inc. (OTCBB: ALYI) is scheduled to release an on-demand, strategic update Webcast presentation tomorrow to review the Company's acquisition and sales pipeline in China, Africa, Latin America and North America. Alternet has already announced partnerships to penetrate markets in Asia and Africa, in addition to its current base of sales in Central and South America.

Alternet plans to build a portfolio of mobile payment software solutions through the acquisition of strategic mobile services system integrators and solution developers. The primary sales targets for Alternet's mobile payment solutions will be concentrated within developing economic regions. Currently, Alternet representatives are participating in the previously announced Trade Mission to Kenya expand the Company's mobile payment and m-commerce technology solutions for the East African 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 is scheduled to be published upon release of the presentation tomorrow.

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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