Contact Information: Contact: Investor Relations 214-556-5927 ir@alternetsystems.com
Alternet Systems, Inc. Strategic Update Webcast on Emerging Market Acquisition and Sales Pipeline Scheduled for Release Tomorrow, October 29th
| Source: Alternet Systems, Inc.
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.