MIAMI, FL--(MARKET WIRE)--Aug 20, 2008 -- Alternet Systems, Inc. (OTC BB:ALYI.OB - News) CEO Henryk Dabrowski yesterday conducted a financial review Webcast to discuss the second quarter 2008 and year-to-date earnings results, an update on operations, the company's E-ticketing solutions and expansion in Latin America.

Further highlights of the Webcast include:

 
--  Focus on mobile and e-ticketing transactions
--  Strategic partnerships with partners in China and Singapore
--  Mobile transaction processing for pre-paid cell phones and utilities
--  Expansion into additional markets in Latin America
--  Business development initiatives underway in the Caribbean Basin
--  Imminent announcement of first milestone contract
--  2009 revenue goal of $24 million

An archive of the Webcast is available at http://www.investorcalendar.com/IC/CEPage.asp?ID=133304.

Company Fact Sheet

If you are interested in receiving a copy of Alternet's Investor Fact Sheet call 214-556-5927 or send an e-mail to Red River Advisors, at alternet@redriveradvisors.com, with your full name, telephone number, e-mail address, city, state and country. Upon receipt of the above information, an overview will be sent to you by e-mail.

About Alternet Systems (www.alternetsystems.com)

Alternet Systems, Inc. provides telecommunications services, education and health-care application software and systems, and electronic transaction platforms for the mass transportation and utility markets. Alternet Systems is a U.S. corporation with offices in Miami, Florida and Vancouver, British Columbia, Canada.

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:
     Red River Advisors
     214-556-5927
     alternet@redriveradvisors.com