Contact Information: Contact: Investor Relations 214-556-5927 ir@alternetsystems.com
Alternet Systems, Inc. to Review Acquisition and Organic Sales Pipeline for China, Africa and North and South America in Strategic Update Webcast Next Thursday, October 29th
| Source: Alternet Systems, Inc.
MIAMI, FL--(Marketwire - October 23, 2009) - Alternet Systems, Inc. (OTCBB : ALYI ) today
announced a scheduled Webcast presentation 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. A link to the Webcast is scheduled to
be published upon release of the presentation next Thursday, October 29th.
The primary sales targets for Alternet's mobile payment solutions will be
concentrated within developing economic regions. Alternet has already
announced partnerships to penetrate markets in Asia and Africa, in addition
to its current base of sales in Central and South America.
Alternet's solutions focus on effective and profitable 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.
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.