Alternet Systems, Inc. (ALYI) Subsidiary International Mobile Security (IMS) Portfolio to Include Voice and Data Encryption, Supported by Prospective Acquisition

MIAMI, FL--(Marketwire - April 29, 2010) - Alternet Systems, Inc. (OTCBB: ALYI) has released a strategic Webcast presentation covering their recently launched mobile security division. The presentation discusses Alternet's recently launched mobile security subsidiary, International Mobile Solutions (IMS), which was created in late 2009 to address security concerns when deploying mobile commerce and transaction services. IMS's aim is to expand Alternet's mobile security services to the global mobile security market, which is expected to surpass $4 billion in 2014, according to an ABI Research study published in January 2010.

The Webcast is conducted by Alternet CEO Henryk Dabrowski and the newly appointed CEO of International Mobile Security (IMS), Juan Cubides. Mr. Cubides is a twenty-five-year security veteran who has worked for industry leaders Raytheon, Ion Track Instruments, General Electric and L-3 Communications, and founded ALAS, the largest trade association for security professionals in Latin America.

In the presentation, they discuss the Company's approach to the mobile security marketplace, the IMS product portfolio, to include voice and data encryption, and a prospective acquisition. Alternet recently announced pursuing a confidential target acquisition to support the IMS subsidiary operation through mobile security-related intellectual property. The presentation is available for on-demand viewing at the corporate website www.alternetsystems.com. 

Alternet is a leading enabler of secure mobile commerce and payment transactions in the Americas and the Caribbean. More information on IMS's products and services can be found at www.internationalmobilesecurity.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.

Contact Information:

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

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