Contact Information: Contact: Investor Relations 214-556-5927 ir@alternetsystems.com
Alternet Systems, Inc. Targets Mobile Banking Market in Emerging Economies as Featured in The Economist Magazine
Emerging Market Webcast Featuring Alternet Systems Scheduled for Release Tomorrow
| Source: Bright Side, LLC
MIAMI, FL--(Marketwire - October 8, 2009) - Alternet Systems, Inc. (OTCBB : ALYI ) provides
effective and profitable mobile payment and m-commerce systems and
solutions to emerging economies in Latin America. The September 24th
edition of The Economist magazine includes a special report on
telecommunications in emerging markets. The special report, titled "The
Power of Mobile Money"
(http://www.economist.com/opinion/displaystory.cfm?story_id=14505519), is
featured on the front cover of the magazine, includes five articles and
discusses how mobile phones have become "tools of economic empowerment...
allowing information to move more freely, making markets more efficient and
unleashing entrepreneurship."
Alternet's mobile payment and m-commerce solutions 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.
Greenfield Presentation on Alternet's M-Commerce and E-Ticketing Solutions
and Fair Value Target Price Per Share Scheduled for Release Tomorrow
The Company is scheduled to release an online, on-demand Greenfield Webcast
presentation on the Company's mobile commerce and electronic ticketing
payment services and solutions and a suggested fair value target
price-per-share this Friday, October 9. The Greenfield program has been
developed to accelerate the introduction of new technologies into emerging
markets around the world where technology buying is on the rise, while
improving return on investment (ROI) potential. Alternet has been
participating in the Greenfield program this year with a focus on Latin
America. A link to the presentation is scheduled to be released on Friday.
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.