SOURCE: Alternet Systems, Inc.

August 15, 2008 10:32 ET

Alternet Systems, Inc. Wireless Prepayment Expansion in Latin America Featured by Business News Americas

Company to Conduct Q2 2008 Earnings Webcast August 19 to Review Wireless E-Ticketing Technology and $24 Million 2009 Revenue Projection

MIAMI, FL--(Marketwire - August 15, 2008) - Alternet Systems, Inc. (OTCBB: ALYI) CEO Henryk Dabrowski was recently interviewed by Business News Americas on the Company's plans to implement its wireless e-ticket solutions in Central America, the Caribbean, and the Andean region. The Company's first initiative is the focus on the mass transportation markets in Latin America. In the interview, Mr. Dabrowski expanded on the specific opportunities in the Latin American markets, stating, "Latin America represents an attractive market due to its young and rapidly growing population, expanding economies, and existing prepaid solutions for services such as mobile phone use."

A copy of the article is available at http://www.bnamericas.com/news/technology/AlterNet_Systems_eyes_expansion_in_Latin_America, or by visiting www.bnamericas.com. For further assistance viewing the article, please contact the Company at 214-556-5927 or send an e-mail to alternet@redriveradvisors.com.

Q2 Webcast to Review YTD Progress

Alternet management will conduct a public Webcast scheduled for Tuesday, August 19, 2008 at 4:30 pm EDT to review the Company's year-to-date financials, wireless E-Ticket technology, strategic partnerships, regional expansion and 2009 $24 million revenue forecast.

In 2007, the Company was restructured through an acquisition of a technology asset key to its current E-Transaction service strategy. Highlights of the Company's financials include:

--  The issued and outstanding today is under 16 million shares
--  The Company reported over $3 million in revenue in 2007
--  Gross Margins in 2007 were over 50%

ALYI Corporate Fact Sheet

A new Investor Fact Sheet highlighting the Company's recent acquisition of TekVoice Communications, E-Transaction technology, mass transportation management services and strategic partnerships is now available.

If you are interested in receiving a copy of the Investor Fact Sheet call 214-556-5927 or send an e-mail to Red River Advisors, at alternet@redriveradvisors.com, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country. Upon receipt of the above information, an overview will be sent to you by e-mail.

About Alternet Systems (www.alternetsystems.com)

Alternet Systems Inc. (OTCBB: ALYI) provides: telecommunications services; education and health-care application software and systems; and electronic transaction platforms for the mass transportation and utility markets. Alternet Systems Inc. is a U.S. corporation with offices in Miami, Florida and Vancouver, British Columbia, Canada.

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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