Alternet Systems, Inc. (ALYI) Featured in Small Equity Initiative (SEI) Webcast

MIAMI, FL--(Marketwire - May 18, 2010) -  Alternet Systems, Inc. (OTCBB: ALYI), a leading enabler of secure mobile commerce and payment transactions in the Americas and the Caribbean, today announced the Company has been featured in a Webcast presentation from the Small Equity Initiative (SEI). The Small Equity Initiative is a not-for-profit organization established by the founders of NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT) and China Crescent Enterprises, Inc. (OTCBB: CCTR) to coordinate education, advocacy and activism to improve the capital markets for both small business entrepreneurs and investors. A link to the Webcast is available at www.smallequity.com or directly here: http://www.smallequity.com/wb_5_10_2010.html.

Alternet is a unique operating company that focuses its investment and operational expertise in companies that will enable rapid growth in the secure mobile payment and communications markets. In 2010, Alternet has launched two subsidiaries; Utiba Americas, a joint venture with Utiba Pte Ltd, a Singapore company, and leader in mobile financial transactions; and International Mobile Security (IMS) for security solutions for the mobile communications industry.

About The Small Equity Initiative (www.smallequity.com)

Small Equity Initiative is a not-for-profit organization dedicated to improving the opportunity for self-directed retail investors to profit from over-the-counter investments and for entrepreneurs to gain better access to capital for their business plans. The Small Equity Initiative (SEI) plans to build a community for small business investors and entrepreneurs aimed at improving the collective understanding of how the over-the-counter market really works today and how it can be improved in the future. SEI is based in the U.S. but serves the global small business community.

Follow the Small Equity Initiative on twitter at https://twitter.com/small_equity or sign up for email updates at www.smallequity.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 Secure Mobile Commerce and Communications 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 International Mobile Security (IMS) a newly formed provider of mobile communications security products and 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.

Contact Information:

Media Contact at Alternet:
Erin Clancy
VP Marketing
marketing@alternetsystems.com

Investor Relations Contact at Alternet:
Investor Relations
ir@alternetsystems.com
214-556-5927