Alternet Systems, Inc. Subsidiary Utiba Americas Partners With WAU Movil, Latin America's Largest Mobile Messaging and Transaction Network

MIAMI, FL--(Marketwire - February 23, 2010) - Alternet Systems, Inc. (OTCBB: ALYI) announced today that its subsidiary, Utiba Americas, has entered into a strategic partnership with WAU Movil, Latin America's largest mobile messaging and transaction network. The strategic partnership will allow Utiba Americas, a leading enabler of mobile financial and payment transaction platforms to quickly and effectively expand its services into more than 17 countries in the Americas and Caribbean.

Utiba Americas, a joint venture between Utiba PTE Ltd. and Alternet Systems, Inc., offers a proprietary Software as a Service (SaaS) platform, operational and commercial expertise, and experience in managing fast, successful implementations of mobile financial, money remittance and payment services. Both Utiba Americas and WAU Movil have Miami-based management, facilitating the rapid deployment of services and ensuring the same quality of technical and business support throughout the Americas and the Caribbean.

CEO of Alternet and Utiba Americas, Henryk Dabrowski, expressed enthusiasm for the partnership, stating, "Alternet, our subsidiary Utiba Americas and our partner Utiba are very excited and committed to partnering with WAU Movil. With the Utiba platform supporting approximately 60% of global mobile payments and over 320 million subscribers, Utiba is clearly a proven leader in this exciting new field. Utiba Americas leverages this leadership by offering a suite of mCommerce and mobile financial services on a Hosted Application Platform. In joining with WAU Movil, we will be able to leverage WAU's extensive carrier relationships, regional footprint and messaging expertise. This partnership will help speed the deployment of mobile banking and commerce solutions in the region, truly an exciting development."

Added Jorge Partidas, CEO of WAU Movil: "Collaboration with Utiba Americas poses exciting new possibilities for our companies and the Latin American mobile market as a whole. We are partnering with Utiba Americas for its proven leadership in mobile money and commerce solutions, product portfolio and technical support that complement our vision of being the region's one stop shop for mobile transactions. This agreement further underscores the growing interest mobile's leading players are showing in WAU as the gateway to Latin America."

About WAU Movil

WAU is Latin America's largest mobile transaction network, providing a single point of contact for mobile messaging connectivity and billing services to global companies looking to expand their services to Latin America. With headquarters in Miami, FL, offices in 17 countries and connectivity with over 50 wireless operators, WAU simplifies doing mobile business in Latin America, helping its customers efficiently reach, engage and monetize the region's burgeoning mobile consumer base.

For more information, please see www.waumovil.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: ir@alternetsystems.com 214-556-5927