Contact Information: Contact: Investor Relations 214-556-5927 ir@alternetsystems.com
Alternet Systems, Inc. Mobile Payment and M-Commerce Systems to Be Featured on Kenya Trade Mission
Strategic Update Webcast Scheduled for Release Thursday, October 29th
| Source: Alternet Systems, Inc.
MIAMI, FL--(Marketwire - October 26, 2009) - Alternet Systems, Inc. (OTCBB : ALYI )
representatives are joining a previously announced Trade Mission to Kenya
commencing today that is scheduled to feature the Company's mobile payment
and m-commerce technology solutions for the East African market. Alternet
has announced partnerships to penetrate markets Africa, as well as Asia,
through the Greenfield program, in addition to its current base of sales in
Central and South America.
Alternet's solutions focus on mobile payment and m-commerce systems and
solutions that 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.
Strategic Update Webcast Scheduled for Thursday, October 29th
Alternet has announced a scheduled Webcast presentation for Thursday,
October 29th, to review the Company's acquisition and sales pipeline in
China, Africa, Latin America and North America. The Company plans to build
a portfolio of mobile payment software solutions through the acquisition of
strategic mobile services system integrators and solution developers and
the Company's primary sales targets for will be concentrated within
developing economic regions. A link to the Webcast is scheduled to be
published upon release on Thursday.
Greenfield Partner Webcast Available On-Line
To learn more about Alternet and its participation in the Greenfield
program, please review a brief Webcast currently available online at
http://www.newmarkettechnology.com/webcast_20091009.htm. 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 also includes a discussion of the
Greenfield program and $0.28 suggested fair value target price per share.
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.