Contact Information: Contact: Investor Relations 214-556-5927 ir@alternetsystems.com
Alternet Systems, Inc. Trading Volume and Share Price Increase, Building Momentum for Potential PPS Increase to $0.28 Suggested Fair Value Target
| Source: Alternet Systems, Inc.
MIAMI, FL--(Marketwire - October 21, 2009) - Alternet Systems, Inc. (OTCBB : ALYI ) provides
mobile commerce and electronic ticketing payment services and solutions
that tie together telecom operators, financial institutions, and payees
such as mass public transportation and utility providers. Alternet's 20 day
average daily trading volume has increased over 1400% with an approximate
average $0.09 price per share. The average volume and price per share was
calculated based on the 20 trading days ending yesterday, Tuesday, October
20, 2009. The over 1400% increase was calculated based on a comparison to
the previous 20 trading days with an approximate average $0.07 price per
share.
"Trading volume is a substantial factor in the price per share performance
of an over the counter quoted company," said Henryk Dabrowski, CEO of
AlterNet. "Earlier this year, Alternet joined the Greenfield Partnership
program to improve our sales channels. The Greenfield program's mission is
to introduce leading edge technologies such as ours into global, emerging
markets where technology buying is on the rise, while improving return on
investment potential. The Greenfield Partnership program recently
suggested a $0.28 fair value target price per share for Alternet. While we
do not expect a steady and continuous increase, we would instead look for
periodic increases and subsequent declines that ideally demonstrate an
upward trend toward the suggested $0.28 target. We anticipate those
increases and declines would include increases and declines in trading
volumes as well. With the recent trading volume and share price increasing
for Alternet, in conjunction with recent business development events, we
are optimistic that this might be an indication of the next milestone
increase in the price per share."
Greenfield Program Webcast and $0.28 PPS Suggested Fair Value Target
Alternet recently released an online, on-demand Webcast presentation hosted
by the Greenfield program. 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
includes a discussion of the Greenfield program and $0.28 suggested fair
value target price per share.
A link to the presentation titled "Greenfield Program Presentation
Featuring Alternet Systems, Inc." is available at
http://www.newmarkettechnology.com/webcast_20091009.htm.
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.