Alternet Systems, Inc.'s (ALYI) Subsidiary Utiba Americas Targets Sales in Burgeoning Brazilian Mobile Money Market

MIAMI, FL--(Marketwire - May 11, 2010) -  Alternet Systems, Inc. (OTCBB: ALYI) today announced that its subsidiary, Utiba Americas, is targeting sales in the promising Brazilian market and will be meeting with prospective clients in conjunction with the upcoming GSMA Mobile Money Summit Show in Rio de Janeiro, Brazil. Utiba Americas offers financial institutions, mobile operators, governments, corporations and retailers the ability to design and deploy reliable, advanced, mobile commerce and banking services to their customers using the Utiba Americas hosted platform. Utiba Americas is a joint venture with Utiba Pte Ltd. The Utiba platform is used by over 320 million subscribers, and supports approximately 60% of the mobile payments made globally. Utiba Americas will also be exhibiting at the GSMA Mobile Money Summit Show, to be held May 24th - 27th in Rio de Janeiro (http://www.mobilemoneysummit.com/exhibition/whos_exhibiting.shtml).

Brazil, the second largest market in the Americas, had over 176 million cellular subscribers in 2009, representing a penetration of over 91% of the population. Mobile commerce holds great promise in Brazil, as in other developing countries, as a significant proportion of the adult population does not have a traditional bank account. In Latin America, it is expected that 65% of the adult population can be considered "unbanked," according to the Financial Access Initiative in a study reported in 2009 which can be found at (http://financialaccess.org/sites/default/files/110109%20HalfUnbanked_0.pdf)

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