Alternet Systems, Inc. Celebrates Mobile Industry Milestone of 4.4 Billion Cellular Subscribers Worldwide

MIAMI, FL--(Marketwire - June 3, 2010) -  Alternet Systems, Inc. (OTCBB: ALYI) today celebrated the global mobile industry achievement of over 4 billion mobile subscribers, as reported earlier this year by Wireless Intelligence, the market intelligence unit that serves the leading mobile industry association, the GSMA. Alternet is a unique operating company that focuses its investment and operational expertise in high growth, small cap companies targeting the secure mobile payment and communications markets. Both of its operating subsidiaries, Utiba Americas and International Mobile Security (IMS) see cellular penetration and usage as a driver of market potential.

As more than 70% of the world's adult population owns a cellular phone, the potential for mobile commerce services -- which use the cellular phone as an alternate payment and banking platform -- has ballooned. To target this opportunity, Alternet created Utiba Americas in joint venture with Utiba Pte Ltd, a Singapore company, and leader in mobile financial transactions. The Utiba platform currently supports more than 365 million subscribers and carries roughly 30% of the global mobile commerce traffic, the result of 10 years of deployments worldwide. Utiba Americas offers the powerful, flexible and robust Utiba platform as a software as a service (SaaS) in the Americas and Caribbean region.

Similarly, as the worlds' population increasingly communicates via cellular phone, and transmits confidential personal and corporate data through these networks, security has become an increasing concern. IMS, Alternet's mobile security subsidiary, is launching a comprehensive portfolio of products designed to safeguard both cellular users and their data.

Reaching four billion worldwide subscribers puts the global mobile industry on the path to reach six billion connections by 2013, and underscores the potential of both the mobile commerce and security markets. Alternet Systems eagerly anticipates the exciting developments this continued growth will bring.

About Alternet Systems Inc. (www.alternetsystems.com)
Alternet Systems Inc. (OTCBB: ALYI), a US corporation headquartered in Miami, Florida, is a leading enabler of Secure Mobile Commerce and Communications 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 International Mobile Security (IMS) a newly formed provider of mobile communications security products and 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
eclancy@alternetsystems.com

Investor Relations Contact at Alternet:
Investor Relations
ir@alternetsystems.com
1-888-823-8494