Alternet Systems, Inc. Targets Mobile Banking Market in Emerging Economies as Featured in The Economist Magazine

MIAMI, FL--(Marketwire - October 8, 2009) - Alternet Systems, Inc. (OTCBB: ALYI) provides effective and profitable mobile payment and m-commerce systems and solutions to emerging economies in Latin America. The September 24th edition of The Economist magazine includes a special report on telecommunications in emerging markets. The special report, titled "The Power of Mobile Money" (http://www.economist.com/opinion/displaystory.cfm?story_id=14505519), is featured on the front cover of the magazine, includes five articles and discusses how mobile phones have become "tools of economic empowerment... allowing information to move more freely, making markets more efficient and unleashing entrepreneurship."

Alternet's mobile payment and m-commerce solutions 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.

Greenfield Presentation on Alternet's M-Commerce and E-Ticketing Solutions and Fair Value Target Price Per Share Scheduled for Release Tomorrow

The Company is scheduled to release an online, on-demand Greenfield Webcast presentation on the Company's mobile commerce and electronic ticketing payment services and solutions and a suggested fair value target price-per-share this Friday, October 9. The Greenfield program has been developed 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. Alternet has been participating in the Greenfield program this year with a focus on Latin America. A link to the presentation is scheduled to be released on Friday.

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.

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