Alternet Systems, Inc. Releases Letter to Shareholders on Five-Year Plan to Reach $75 Million in Profitable Annual Revenue in Partnership With Utiba and NewMarket Technology, Inc.
MIAMI, FL--(Marketwire - February 12, 2010) - Alternet Systems, Inc. (OTCBB: ALYI) today
released a letter to shareholders from CEO and founder Henryk Dabrowski.
The letter includes an overview of the Company's past experiences,
including a project team caught in the Haiti earthquake and how those
experiences have led to the current plan of operation. The letter also
reviews Alternet's partnerships with Utiba Pte Ltd. (www.utiba.com) and
NewMarket Technology, Inc (PINKSHEETS: NWMT). The letter is included in
its entirety below.
Dear Fellow Shareholders,
Alternet is an early stage company and faces both the opportunities and
challenges that come with being an early stage company. I am enthusiastic
about the promise of our proprietary technology and global business
partnerships and I am confident in our experienced Alternet management
team. I believe the everyday challenges of being an early stage company
that we face and overcome make us even stronger and will enable us to
successfully achieve our long-term goals. Surviving a global financial
crisis and an earthquake of historic proportion solidifies our resolve even
Yes, Alternet was on the ground in Haiti on the day of the earthquake.
Alternet is in the business of mobile money transaction systems, and the
leading market opportunities for mobile money remittance today are within
some of the world's more challenging economic regions. Alternet was
working on a project in Haiti. In fact, I was in Haiti myself for key,
next step meetings on the day of the earthquake. I would gladly exchange
multiple global financial crisis experiences and challenges for the 24
terrifying and humbling hours I spent in Haiti. I am grateful to my wife
for managing to coordinate a single engine Cessna to come to my rescue and
the rescue of our team. We are fortunate to have survived and ever
thankful. We are also awestruck by the role of mobile technology in saving
lives in Haiti. Our project in Haiti is a small financial loss, but an
overwhelming validation of the demand for mobile money remittances and
mobile commerce expansion. Mobile money remittance is not only a
tremendous business opportunity, it can change and even save lives. I
believe as we begin to communicate more information on both our current and
upcoming projects, that you will not only be impressed with the return on
investment potential, but the social responsibility benefit as well.
Look for a Webcast presentation later this month on our five-year, $75
million profitable annual revenue outlook. The presentation will include
an update of our vision and mission and an overview of our proprietary
technologies and key partnerships. We have a strategic partnership with
Utiba Pte. Ltd. from Singapore (www.utiba.com) and anticipate a number of
strategic announcements regarding our Utiba partnership over the coming
weeks. We are also participants in the NewMarket Technology Greenfield
Partners Program and are already benefiting from the NewMarket partnership
with wider market distribution and back office relief. We expect to
enhance our organic growth potential to $75 million in profitable annual
revenue with a small number of strategic acquisitions. We anticipate
potentially executing one or two of those acquisitions this year.
We plan to announce changes to our Board of Directors and the addition of
key management with successful industry track records as well as our move
to new corporate offices in Coral Gables, Florida. We have learned a
great deal about our mobile money and e-ticketing market opportunity
through both our ordinary and exceptional early stage company experiences.
We believe our refined business plan is sound and we know our determination
is resolved. We look forward to sharing more with you as our plan unfolds.
Until then, thank you.
Founder and CEO
Alternet Systems, Inc.
About Alternet Systems (http://www.alternetsystems.com/)
Alternet Systems Inc., 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
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.