MIAMI, FL--(Marketwire - February 2, 2009) - Alternet Systems, Inc. (OTCBB: ALYI), a leader in e-ticketing and mobile transactions services, today issued the following letter to shareholders from Chairman and CEO, Henryk Dabrowski.

Dear Alternet Shareholders:

The team at Alternet Systems is planning some exciting changes and additions to our product and service lines designed to further enhance our revenues and add to shareholder value. We have spent a considerable amount of time over the past year establishing the right partnerships to expand and diversify Alternet's offerings and to successfully accomplish the change of the Company. Since early 2008, the objectives and goals defined by our management team and approved by our Board of Directors have been 100% accomplished.

We entered into a joint venture with TCPS, the largest provider of Contactless Fare Collection products and services in China. The result of this joint venture is Transtech Sino America, Inc. with which we have secured contracts in Central America, and we are currently prospecting multiple opportunities in South America and the Caribbean. We expect that 2009 will allow us to close additional prospecting opportunities. In conjunction with UTIBA, a leading mobile transaction platform provider located in Singapore, we entered into a Letter of Intent to set the basis for our future initiatives in the M-Commerce area. Under the agreement, Alternet will provide local management, business development, technical support and the required funding, while UTIBA will provide technical support, its proprietary software, operational and commercial expertise. We have also been quite active in researching additional markets and applications for our future M-Commerce offering. We expect to finish the financial models by March 2009 and correspondingly start to execute the first agreements with potential customers. Specifically, we will be offering a suite of platforms and services to the Money Remittance, Microfinance and Micropayment industries in the Americas and the Caribbean.

We have used the knowledge that we have acquired over the last year to precisely define our existing and future services and product lines, and to establish the organization and resources to quickly transform into revenues. It is truly exciting to have Alternet Systems ready to participate in these revolutionary and rapid growth market segments.

We will soon be making formal announcements regarding our revised service and product strategy including our joint ventures and partnerships, contracts and increased revenue projections.

We see many applications for our offerings across multiple markets and believe these will be strong potential revenue streams for us moving through 2009.

In 2008 we engaged the services of Red River Advisors, a seasoned micro and small cap public relations and investor relations team. During the initial stage of the financial crisis, we decided to weather that period and focus on finalizing our operational objectives for the year. This year, their team will be helping us expand Alternet's public awareness, providing current and future investors with updated information, as well as communicating with the market.

Our organization is happy to announce that Mr. Wei Xiu, Chairman of TCPS, has officially moved to Miami, Florida. He will undertake the CEO role at our joint venture, Transtech Sino America, overseeing its operations and building the operational team to integrate TCPS operations in China and Alternet's resources. This is a show of trust and commitment to the joint venture and to our common vision. Mr. Xiu holds a Ph.D. in International Finance and is well recognized as a leader in the Prepaid Fare Collection industry in China. He was responsible for the expansion of TCPS into more than 80 cities in China and initiated the international expansion in 2004.

Our management is aware of the challenges ahead. We also understand that the current worldwide financial crisis is a potential threat to our business. Our management team is comprised of seasoned professionals with international experience, who have managed through periods of financial, political and social crisis. Based on the team's collective experience, we all agree it is also a time of opportunity and potentially high profits. Our TCPS partners say that in China, the word 'crisis' is also used to express 'opportunity.'

We are very excited about these and other upcoming developments, and believe we now have the right service and product set to significantly grow our revenues and enhance shareholder value. It is going to be an exciting year for our Company and our shareholders. We look forward to sharing our excitement with you over the upcoming weeks as we provide more details of this revised and enhanced product and distribution strategy.

Thank you for your continued support,
Henryk Dabrowski
Chairman and CEO

Alternet Systems, Inc.

About Tianjin IC Card Public Network System CO. LTD

Tianjin IC Card Public Network System CO. LTD (TCPS) is a high-tech company specialized in the research & development and production of contactless IC card application system and financial payment terminals. The Company also attaches a great importance to the integration of network systems, the exploration of application software as well as the investment and operation of contactless IC card payment systems. The company has its headquarters in Tianjin, in the Peoples Republic of China. (http://www.tcps.com.cn/EN/)

About UTIBA

UTIBA Pty LTd. (UTIBA) creates innovative software solutions for Mobile Operators and Financial Institutions. Sitting at the cross-roads between the Subscriber, Merchants and Banks, UTIBA facilitates low value transactions across mobile networks. UTIBA currently processes millions of transaction per day, providing cost savings and new revenue streams for Mobile Operators around the world. The Company has a deep understanding of the micro payments market and business requirements and its product portfolio is mature, flexible and scalable. UTIBA is privately held and was founded in 2001. UTIBA has selected strategic global partners and distribution channels to facilitate its aggressive expansion into new markets, including Asia, Sub-continent, Eastern Europe and South America. UTIBA is a world leader in micro payments and distribution systems, growing rapidly as a de-facto technology for mobile transactions.

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 headquartered in Miami, Florida.

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: Contact: Red River Advisors 214-556-5927 alternet@redriveradvisors.com