(ALYI) Alternet Systems, Inc. Business Strategy Focused on $5 Billion Projected Mobile Money Market in 2012

MIAMI, FL--(Marketwire - May 4, 2010) -  Alternet Systems, Inc. (OTCBB: ALYI) is a leading enabler of secure mobile commerce and payment transactions in the Americas and the Caribbean. Alternet recently released a strategic update on its new mobile security division targeting the global mobile security market, which is expected to surpass $4 billion dollars in 2014, according to an ABI Research study published in January 2010. More recently, the McKinsey Quarterly issued an update projecting a possible $5 billion market in 2012 for mobile banking. The article discussed the opportunities in emerging markets, such as in Latin America and the Caribbean, for mobile transaction service and technology providers, by pointing out that only 37 percent of the population uses formal banking, while 50 percent use their mobile phone. It goes on to state that currently, an approximate "billion people in emerging markets have a mobile phone but no access to banking services; by 2012 this population will reach 1.7 billion."

Alternet Systems CEO, Henryk Dabrowski, was enthusiastic about the report, "It is gratifying to see research by McKinsey Quarterly that ratifies what we have long believed, that the mobile money market holds tremendous promise. Not only is this important for payment service providers like our subsidiary, Utiba Americas, but also for the large unbanked populations of the world, who stand to gain increased saving capacity and financial prosperity once given access to banking and commerce tools through the now almost ubiquitous, cellular phone."

The article, entitled "Capturing the promise of mobile banking in emerging markets" is available at http://www.mckinseyquarterly.com/Capturing_the_promise_of_mobile_banking_in_
emerging_markets_2539 with free registration.

The Company's recently released strategic update presentation is currently available for on-demand review at www.alternetsystems.com.

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