Contact Information: Media Contact at Alternet: Erin Clancy VP Marketing eclancy@alternetsystems.com Investor Relations Contact at Alternet: ir@alternetsystems.com 214-556-5927
Alternet Systems, Inc. Subsidiary Utiba Americas Partners With WAU Movil, Latin America's Largest Mobile Messaging and Transaction Network
WAU Movil's Extensive Mobile Transaction Network Enables Rapid Expansion Into 17 Countries
| Source: Alternet Systems, Inc.
MIAMI, FL--(Marketwire - February 23, 2010) - Alternet Systems, Inc. (OTCBB : ALYI ) announced
today that its subsidiary, Utiba Americas, has entered into a strategic
partnership with WAU Movil, Latin America's largest mobile messaging and
transaction network. The strategic partnership will allow Utiba Americas, a
leading enabler of mobile financial and payment transaction platforms to
quickly and effectively expand its services into more than 17 countries in
the Americas and Caribbean.
Utiba Americas, a joint venture between Utiba PTE Ltd. and Alternet
Systems, Inc., offers a proprietary Software as a Service (SaaS) platform,
operational and commercial expertise, and experience in managing fast,
successful implementations of mobile financial, money remittance and
payment services. Both Utiba Americas and WAU Movil have Miami-based
management, facilitating the rapid deployment of services and ensuring the
same quality of technical and business support throughout the Americas and
the Caribbean.
CEO of Alternet and Utiba Americas, Henryk Dabrowski, expressed enthusiasm
for the partnership, stating, "Alternet, our subsidiary Utiba Americas and
our partner Utiba are very excited and committed to partnering with WAU
Movil. With the Utiba platform supporting approximately 60% of global
mobile payments and over 320 million subscribers, Utiba is clearly a proven
leader in this exciting new field. Utiba Americas leverages this
leadership by offering a suite of mCommerce and mobile financial services
on a Hosted Application Platform. In joining with WAU Movil, we will be
able to leverage WAU's extensive carrier relationships, regional footprint
and messaging expertise. This partnership will help speed the deployment of
mobile banking and commerce solutions in the region, truly an exciting
development."
Added Jorge Partidas, CEO of WAU Movil: "Collaboration with Utiba Americas
poses exciting new possibilities for our companies and the Latin American
mobile market as a whole. We are partnering with Utiba Americas for its
proven leadership in mobile money and commerce solutions, product portfolio
and technical support that complement our vision of being the region's one
stop shop for mobile transactions. This agreement further underscores the
growing interest mobile's leading players are showing in WAU as the gateway
to Latin America."
About WAU Movil
WAU is Latin America's largest mobile transaction network, providing a
single point of contact for mobile messaging connectivity and billing
services to global companies looking to expand their services to Latin
America. With headquarters in Miami, FL, offices in 17 countries and
connectivity with over 50 wireless operators, WAU simplifies doing mobile
business in Latin America, helping its customers efficiently reach, engage
and monetize the region's burgeoning mobile consumer base.
For more information, please see www.waumovil.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 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
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.