SOURCE: Alternet Systems, Inc.

Alternet Systems, Inc.

October 21, 2009 12:19 ET

Alternet Systems, Inc. Trading Volume and Share Price Increase, Building Momentum for Potential PPS Increase to $0.28 Suggested Fair Value Target

MIAMI, FL--(Marketwire - October 21, 2009) - Alternet Systems, Inc. (OTCBB: ALYI) provides mobile commerce and electronic ticketing payment services and solutions that tie together telecom operators, financial institutions, and payees such as mass public transportation and utility providers. Alternet's 20 day average daily trading volume has increased over 1400% with an approximate average $0.09 price per share. The average volume and price per share was calculated based on the 20 trading days ending yesterday, Tuesday, October 20, 2009. The over 1400% increase was calculated based on a comparison to the previous 20 trading days with an approximate average $0.07 price per share.

"Trading volume is a substantial factor in the price per share performance of an over the counter quoted company," said Henryk Dabrowski, CEO of AlterNet. "Earlier this year, Alternet joined the Greenfield Partnership program to improve our sales channels. The Greenfield program's mission is to introduce leading edge technologies such as ours into global, emerging markets where technology buying is on the rise, while improving return on investment potential. The Greenfield Partnership program recently suggested a $0.28 fair value target price per share for Alternet. While we do not expect a steady and continuous increase, we would instead look for periodic increases and subsequent declines that ideally demonstrate an upward trend toward the suggested $0.28 target. We anticipate those increases and declines would include increases and declines in trading volumes as well. With the recent trading volume and share price increasing for Alternet, in conjunction with recent business development events, we are optimistic that this might be an indication of the next milestone increase in the price per share."

Greenfield Program Webcast and $0.28 PPS Suggested Fair Value Target

Alternet recently released an online, on-demand Webcast presentation hosted by the Greenfield program. The Webcast concentrates on the Company's mobile commerce and electronic ticketing payment services and solutions, with a special focus on these solutions in developing economies. The presentation includes a discussion of the Greenfield program and $0.28 suggested fair value target price per share.

A link to the presentation titled "Greenfield Program Presentation Featuring Alternet Systems, Inc." is available at http://www.newmarkettechnology.com/webcast_20091009.htm.

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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