October 07, 2009 09:00 ET

NuMobile, Inc. and Alternet Systems, Inc. Announce Joint E-Commerce Strategy in China

CARY, NC--(Marketwire - October 7, 2009) - NuMobile, Inc. (OTCBB: NUBL) and Alternet Systems, Inc. (OTCBB: ALYI) today announced the launch of a joint E-commerce strategy in China. NuMobile is a young smartphone and mobile computing software company growing through a roll-up strategy to build a portfolio of mobile software solutions, and Alternet offers a wide range of mobile commerce and electronic ticketing payment services and solutions. Alternet began developing business in China in 2008, with an initial focus on the Company's e-ticketing solution, while NuMobile announced plans to enter the market earlier this year. The Companies plan to pursue mobile computing opportunities with NuMobile's channel partner in the Chinese market, China Crescent Enterprises, Inc. The Companies also previously announced a partnership to pursue the mobile computing and smartphone market in Central and South America where Alternet currently offers its mobile payment solutions.

Through their joint offerings, NuMobile and Alternet will be able to target the rapidly growing Chinese e-commerce and mobile phone markets. According to a China Tech News summary of a recent IDC market research report, trade in China's e-commerce is expected to reach CNY3.22 trillion in total trade by 2010, up from CNY1.951 trillion in 2008. The Chinese online auction site, Taobao.com, similar to E-bay, realized staggering growth, reporting CNY100 billion in trade volume in 2008, compared to just CNY43.3 billion in 2007. Even with strong growth, the penetration of e-commerce in China is just north of 25%, leaving considerable room for continued expansion. Wireless Expertise, a UK-based wireless market research and consulting firm, expects rapid growth in the global mobile application marketplace from $4.66 billion in 2009 to $16.6 billion in 2013. Much of the growth is fueled by mobile phones currently outnumbering PCs around the world 4:1. Because of their mobility, the opportunity for growth is substantially higher than fixed-line applications and solutions.

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About Alternet Systems (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.

About NuMobile, Inc. (www.numobileinc.com)

NuMobile is building a portfolio of security and software solutions for the global mobile computing and smartphone market. Through a roll-up strategy, NuMobile plans to acquire and develop mobile computing solutions for a variety of applications, including mobile banking, for the global marketplace. The demand for mobile security and software applications is being driven in large part by the growing number of mobile phone sales into emerging economies that currently do not have substantial access to the Internet via desktop computing. Already in North America, the Company has also forged a partnership in the Chinese market and is developing a plan for the emerging economies of East Africa. NuMobile is a SEC fully-reporting public company listed on the Over-the-Counter Bulletin Board.

"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This press release contains forward-looking statements that involve risks and uncertainties. The statements in this release are forward-looking statements that are made pursuant to safe harbor provision of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties, which may cause NuMobile's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. These risks and uncertainties include, among other things, product demand and market competition. You should independently investigate and fully understand all risks before making investment decisions.

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