Contact Information: Contact: Investor Relations 214-556-5927 ir@alternetsystems.com
Alternet Systems, Inc. Joins African Trade Mission With Focus on Strategic Mobile Payment Opportunities to Further Expand Its Existing Sales Base
| Source: Alternet Systems, Inc.
MIAMI, FL--(Marketwire - October 19, 2009) - Alternet Systems, Inc. (OTCBB : ALYI ) announced
today that the Company representatives will be joining a Trade Mission to
Kenya next week. On the Trade Mission, Alternet plans to focus on mobile
payment opportunities in Kenya and the East African market. The primary
sales targets for Alternet's mobile payment solutions will be concentrated
within developing economic regions. Alternet has announced partnerships to
penetrate markets in Asia and Africa through the Greenfield program, in
addition to its current base of sales in Central and South America.
Alternet began participating in the Greenfield program earlier this year.
The Greenfield program was started by NewMarket Technology, Inc.
(PINKSHEETS : NWMT ) 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. Other companies
currently participating in the program include China Crescent Enterprises,
Inc. (OTCBB : CCTR ) and NuMobile, Inc. (OTCBB : NUBL ). These companies were
chosen to participate in the partnership program based on their technology
and service offerings in conjunction with the emerging geographic markets
in which they currently participate.
Greenfield Partner Webcast Available On-Line
Alternet was featured in a Greenfield Webcast on Friday, October 9th. The
Webcast concentrates on the Company's mobile commerce and electronic
ticketing payment services and solutions, with a special focus on these
solutions in developing economies. The presentation also includes a
discussion of the Greenfield program and $0.28 suggested fair value target
price per share. The Webcast is available on-demand at
http://www.newmarkettechnology.com/webcast_20091009.htm.
Alternet's Mobile Payment and M-Commerce Systems and Emerging Markets
Alternet's solutions focus on 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.