Alternet Systems Announces the Successful Migration of TchoTcho Mobile to Utiba's Mobility Platform by Its Subsidiary Utiba

Alternet Systems Announces the Successful Migration of TchoTcho Mobile to 
Utiba's Mobility Platform by Its Subsidiary Utiba Americas
and Expansion Into Additional International Markets 
MIAMI, FL -- (Marketwired) -- 08/29/13 --  Alternet Systems, Inc.
(OTCQB: ALYI) ("Alternet" or the "Company"), a technology investment
holding company focused on the complimentary, high-growth markets of
mobile financial services and mobile cyber-security, announced today
TchoTcho Mobile, the mobile money platform of Haiti's leading
telephone company Digicel, has successfully migrated to Utiba's
Mobility platform. TchoTcho Mobile is the most popular mobile money
service in Haiti, allowing subscribers a quick, simple, and secure
way to manage their money from their phone. 
As outlined in the joint Digicel and Utiba press release dated August
6th 2013, the migration of TchoTcho Mobile to Utiba Mobility was
completed in May 2013, and includes standard mobile financial
transactional services, such as person-to-person and
person-to-business payments; agent management; cash-in via bank and
agent cash-in; government subsidies disbursement; as well as bill
payments, lottery payments and international remittances.
Additionally, the Utiba Mobility platform allows for the ability to
incorporate new features as needed. 
Renowned for delivering the best value, service and network to
customers and agents in 36 markets worldwide, Utiba's Mobility
platform was selected by Digicel in 2012 with the strategic objective
to create a new and improved base system to be utilized across select
operations. The mobile commerce agreement with Digicel is being
carried out by Utiba Americas, a joint venture between Utiba Pte.
Ltd. and Alternet Systems. Utiba Americas is focused on deploying
mobile financial services solutions to mobile network operators,
financial institutions and third party payment service providers
throughout the Americas region. 
Mr. Henryk Dabrowski, CEO of Alternet Systems, commented on the
completed migration, "We are very pleased and encouraged by Digicel's
timeliness and efficiency in migrating TchoTcho Mobile to Utiba's
Mobility platform and are confident they can continue on this
trajectory with their other operations over the next 2 years. Once
completed,
 Digicel users will have easy access to a variety of mobile
money services to meet their banking needs, and Digicel will have a
comprehensive platform that will no doubt set the bar very high for
their competitors moving forward." 
ABOUT TCHOTCHO MOBILE
 Digicel's TchoTcho Mobile is the first mobile
phone-based financial service launched in Haiti. For 3 years,
TchoTcho has pioneered an interconnected ecosystem of agents,
merchants, and customers with the goal of easing the burden of
financial transactions in Haiti. By providing subscribers with a
quick, simple, and secure way to perform financial transactions from
their phones, TchoTcho strives to innovate and create while ensuring
the service's simplicity and ease of use. With TchoTcho, subscribers
can pay for goods and services; withdraw and deposit cash via agents
and banks; recharge their telephones; receive government subsidies,
and purchase lottery credit. New programs, such as savings programs
and other innovative financial services, are continually researched
and developed as applicable. Visit
http://digicelhaiti.com/tchotcho/en/ for more information. 
ABOUT DIGICEL
 Digicel Group Limited is a leading global
telecommunications provider with operations in 31 markets in the
Caribbean, Central America and Asia Pacific. After 12 years of
operation, total investment to date stands at over US$4.5 billion
worldwide. The company is renowned for delivering best value, best
service and best network. Visit www.digicelgroup.com for more
information. 
ABOUT UTIBA
 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 660
million subscribers and processes over 12 billion transactions per
year, enabling people to send money, pay bills, and 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. Utiba has partnered in joint venture
with Alternet Systems, Inc. (OTCQB: ALYI) for the Americas region and
with MasterCard, Validsoft, i2c, Oracle and others to develop and
deploy more sophisticated mobile financial services. For more
information, visit www.utiba.com or follow on Twitter at
www.twitter.com/utibamobility  
ABOUT ALTERNET SYSTEMS INC.
 Alternet Systems Inc. (OTCQB: ALYI), a
US corporation headquartered in Miami, Florida, is an investment
holding company focused on the complimentary, high-growth markets of
cyber-security and mobile financial services. Through its
subsidiaries, Alternet captures and converts the extraordinary growth
and opportunities surrounding the explosion of mobile phones
worldwide. Its cyber-security subsidiary, International Mobile
Security (IMS), provides mobile and digital security solutions to law
enforcement agencies. Alternet's mobile financial services
subsidiary, Utiba Americas, is a joint venture with Utiba Pte, the
leading developer of mobile payment software solutions. Utiba
Americas is deploying mobile financial services solutions for mobile
network operators, financial institutions and third party payment
service providers throughout the Americas region. More information
about Alternet and its subsidiaries can be found at
www.alternetsystems.com and by following the company on Twitter
www.twitter.com/alternetsystems.  
For further information about this release contact Investor Relations
at 1-888-823-8494, 1-800-631-8127 and/or via email at
ir@alternetsystems.com. 
"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. 
Investor Relations Contact at Alternet: 
Rich Kaiser
1-800-631-8127
1-888-823-8494
ir@alternetsystems.com