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Alternet Subsidiary’s Innovative Hosted Mobile Financial Services Platform to Be Available Worldwide

Marketwire

MIAMI, FL — (Marketwire) — 08/16/12 –
Alternet Systems Inc. (OTCQB: ALYI) today announced that its partner Utiba, leading provider of mobile financial service solutions, is expanding its Software as a Service (SaaS) offering worldwide. Launched initially by Utiba Americas, Utiba’s affiliate for the Americas and joint venture with Alternet, the SaaS offering has been positively received in the market and currently supports customers in Central America and Eurasia. Launches are underway in other Latin America countries of Bolivia, Colombia, Peru and Mexico, as well as in Asia Pacific. The market’s enthusiastic response has led Singapore-based Utiba to expand the hosted services model globally, with regional points of presence (POPs) planned for Asia, India, Eastern Europe and the Middle East / Africa.

The SaaS offering was designed to meet the needs of financial institutions, mobile network operators, and payment service providers seeking a robust and flexible platform on which to rapidly launch their mobile financial services. By offering customers access to Utiba’s platform with a minimum upfront investment and ongoing, incremental fees per user or

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