(ALYI) Alternet Systems, Inc. Subsidiary International Mobile Security Eyes $12bn Mobile Location Based Services Market

MIAMI, FL--(Marketwire - May 5, 2010) - Alternet Systems, Inc. (OTCBB: ALYI), a leading enabler of secure mobile commerce and payment transactions in the Americas and the Caribbean, recently released a strategic update on the market for International Mobile Security (IMS) services. The Company highlighted the promising Mobile Location Based Services Market, which according to a recent report by Juniper Reports, is expected to surpass $12 billion dollars in 2014. Combined with the $4bn projected market for mobile security services in an ABI Research study published in January 2010, IMS expects the market for its services to exceed $16bn in 2014. 

Alternet's recently launched mobile security subsidiary, International Mobile Solutions (IMS), was created in late 2009 to address security concerns when deploying mobile commerce and transaction services, provided by Alternet's other subsidiary, Utiba Americas, which offers hosted mobile commerce solutions on the powerful Utiba Mobility platform. Information on Alternet's operating companies can be found on the Alternet Systems website, www.alternetsystems.com, in addition to a recently released webcast that highlights the IMS secure mobile communications strategy.

About Alternet Systems Inc. (www.alternetsystems.com)
Alternet Systems Inc. (OTCBB: ALYI), a US corporation headquartered in Miami, Florida, is a leading enabler of Mobile Commerce services in the Americas and Caribbean. Alternet has regional presences in 17 countries throughout the region through a network of fulfillment partners and agents. Alternet's subsidiaries provide a comprehensive suite of hosted and Software as a Service (SaaS) applications for the Utility, Transportation, Financial, and Telecommunication, and Retail industries. Alternet subsidiaries include Utiba Americas, a joint venture with Utiba Pte Ltd., the leading provider of mobile payment and financial transaction software and Tekvoice Communications, an established provider of hosted Voice over Internet Protocol (VOIP) billing services.

"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:

Media Contact at Alternet:
Erin Clancy
VP Marketing
marketing@alternetsystems.com

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