MIAMI, FL -- (Marketwire) -- 03/01/12 -- Alternet Systems, Inc. (OTCQB: ALYI) (PINKSHEETS: ALYI) proudly highlights the media coverage obtained by its partner Utiba, a Singapore-based, leading mobile financial services solution provider. Utiba recently launched its Converging Payments strategy and announced its leading participation in the MasterCard Mobile Money Partnership Program. The news was featured prominently in Telecom Review North America.
Alternet and Utiba have been partners since 2009 in mobile commerce for the Americas region, marketing the leading Utiba end to end mobile financial service solution as a hosted service and as a traditional software license. Since launching services in the Americas region in 2010, they have implemented mobile financial service solutions in Bolivia, Colombia, Ecuador and Guatemala, with further implementations under way in Venezuela, Honduras and Mexico. Utiba expects to be present in 14 countries in the Americas including the United States and Canada by the end of 2013.
"Utiba's continuing innovation in mobile financial services and visionary approach to Converging Payments clearly sets it apart from the competition. Participation in the MasterCard Mobile Money Partnership Program is a first step in Utiba's Converging Payments Strategy to bring sophisticated financial services to emerging markets, and the next step in Financial Inclusion," commented Henryk Dabrowski, CEO of Alternet Systems.
Richard Matotek, Co-CEO of Utiba, added: "Our partnership with Alternet has permitted us to expand rapidly in the Americas. Latin America has been delayed in deployments of mobile payments compared to other emerging markets, but represents an important part of the global opportunity, and a projected $60 billion dollar market by 2014. With Alternet we expect to take a leadership role in enabling those transactions."
Utiba has spent more than a decade developing the leading mobile financial services solutions in the market, in pursuit of its vision of enabling everyone to make mobile payments. In use in more than 30 countries, the Utiba Mobility platform supports 500 million subscribers and processes over 12 billion transactions per year, enabling people to send money, pay bills, receive salaries and more, all from their mobile phone. Privately held Utiba is headquartered in Singapore, with seven regional sales, service and development offices worldwide. For more information, visit www.utiba.com.
About Alternet Systems Inc.
Alternet Systems Inc. (OTCQB: 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 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.
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