Alternet Systems, Inc. Featured in Independent Analyst Report on NewMarket Technology, Inc. Rating NewMarket a 'Buy' With a $1.47 Target Price per Share Recommendation
Alternet to Be Featured in Greenfield Partnership Program Webcast Tomorrow
DALLAS, TX--(Marketwire - February 22, 2010) - Alternet Systems, Inc. (OTCBB: ALYI) today
announced that the Company's mobile commerce strategy has been featured in
an independent analyst report on NewMarket Technology, Inc. (PINKSHEETS: NWMT) rating NewMarket a 'buy' with a $1.47 target price per share
recommendation. A review of the Greenfield Program, including Alternet, is
included in the analyst report. New updates on Alternet's business
development progress, to include a strategic joint venture agreement
anticipated to drive Alternet to $75 million in annual revenue within five
years, will be reviewed in a Greenfield Partnership Program Webcast
scheduled for release tomorrow, Tuesday, February 23rd, 2010.
NewMarket started the Greenfield Partnership Program 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. Greenfield Program participant companies have
been chosen to participate in the partnership program based on their
technology and service offerings in conjunction with the emerging
geographic markets in which they operate.
The independent analyst covering NewMarket is a Certified Financial Analyst
(CFA) in accordance with the CFA Institute Code of Ethics and Standards
for Professional Conduct. The analyst has previously conducted research
for a number of Western European and North American financial institutions,
including Janney Montgomery Scott. NewMarket engaged the analyst and paid
for the services prior to any recommendation rating or price target to
ensure objective research.
A link to the Greenfield Partnership Program Webcast will be published
upon release tomorrow.
If you would like a copy of the report, please visit the Investor Relations
section of the NewMarket website at www.newmarkettechnology.com or email
ir@newmarkettechnology.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 16 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.