Alternet Systems, Inc.'s (ALYI) Utiba Americas Jointly Exhibits With Utiba Mobility at GSMA Mobile Money Summit, May 24th - 27th in Rio de Janeiro, Brazil

MIAMI, FL--(Marketwire - May 6, 2010) -  Alternet Systems, Inc. (OTCBB: ALYI) today announced that the Company will be exhibiting its mobile money technology and services at the GSMA Mobile Money Summit Show during May 24^th - 27^th in Rio de Janeiro, Brazil.
(http://www.mobilemoneysummit.com/exhibition/whos_exhibiting.shtml)

Utiba Americas, a joint venture between Alternet Systems and Utiba Pte Ltd, will be jointly exhibiting at the event with Utiba Pte Ltd. Utiba Americas' focus is to deploy a SaaS (Software as a Service) platform in the Americas and the Caribbean region with a focus on mCommerce and mobile financial services including mobile remittances, micro finance and mobile banking.

About Utiba Pte Ltd.

Founded in the year 2001, Utiba focuses on developing scalable, flexible and modular Mobile financial transaction platforms. The domain covered by its products ranges from Airtime distribution to airtime share to retail banking to domestic & international remittance and so on. Utiba's provides the mobile financial transaction solutions to MNOs, Banks and Third party PSPs alike, while the solutions have also found profound traction in the Microfinance and rural banking industry. Today Utiba's products are successfully deployed across 15+ countries with more than 20 customers, both Banks and MNOs. For more information, visit www.utiba.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:
Investor Relations
ir@alternetsystems.com
214-556-5927

Media Contact at Utiba
Ritesh Andley
Director - Product Marketing
Ritesh.andley@utiba.com