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Alternet Systems, Inc. Mobile Payment and M-Commerce Systems to Be Featured on Kenya Trade Mission

Strategic Update Webcast Scheduled for Release Thursday, October 29th

MIAMI, FL -- (Marketwire) -- 10/26/09 -- Alternet Systems, Inc. (OTCBB: ALYI) representatives are joining a previously announced Trade Mission to Kenya commencing today that is scheduled to feature the Company's mobile payment and m-commerce technology solutions for the East African market. Alternet has announced partnerships to penetrate markets Africa, as well as Asia, through the Greenfield program, in addition to its current base of sales in Central and South America.

Alternet's solutions focus on mobile payment and m-commerce systems and solutions that tie together telecom operators, financial institutions, and payees such as mass public transportation and utility providers. With the majority of the population in emerging markets belonging to the "unbanked" sector, mobile banking opens up a major opportunity to deliver financial services to a rapidly growing subscriber base. Penetration of mobile services around the world has increased rapidly, with the subscriber base worldwide growing from just over 11 million mobile phone users in 1990 to over 3 billion in 2008. Growth is particularly impressive in developing economies. With only 1 billion bank accounts worldwide and close to 4 billion mobile phone subscribers, both mobile network operators and financial institutions recognize the value proposition in offering mobile financial services.

Strategic Update Webcast Scheduled for Thursday, October 29th

Alternet has announced a scheduled Webcast presentation for Thursday, October 29th, to review the Company's acquisition and sales pipeline in China, Africa, Latin America and North America. The Company plans to build a portfolio of mobile payment software solutions through the acquisition of strategic mobile services system integrators and solution developers and the Company's primary sales targets for will be concentrated within developing economic regions. A link to the Webcast is scheduled to be published upon release on Thursday.

Greenfield Partner Webcast Available On-Line

To learn more about Alternet and its participation in the Greenfield program, please review a brief Webcast currently available online at http://www.newmarkettechnology.com/webcast_20091009.htm. The Webcast concentrates on the Company's mobile commerce and electronic ticketing payment services and solutions, with a special focus on these solutions in developing economies. The presentation also includes a discussion of the Greenfield program and $0.28 suggested fair value target price per share.

About Alternet Systems (http://www.alternetsystems.com/)

Alternet Systems offers a wide range of mobile commerce and electronic ticketing payment services and solutions. It facilitates the transition of cash based transactions to mobile based cashless applications, by enabling the end user with a simple, efficient and reliable mobile experience. From M-Commerce Solutions IP Applications Billing to E-ticketing Services, Alternet offers a comprehensive suite of applications for the Utilities, Public Transportation, Financial, and Telecommunications markets. Its broad range of solutions delivers affordable and efficient m-commerce platforms that truly enable new customers, new merchants and new services. Alternet Systems, Inc. is a U.S. corporation headquartered in Miami, Florida.

"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.

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