Alternet Systems Appoints Fabio Alvino as CEO of Alternet Payment Solutions

Alternet Systems Appoints Fabio Alvino as CEO of Alternet Payment Solutions

Alternet Systems, Inc. (OTCQB: ALYI) (the "Company"), a business to business facilitator for digital currency and mobile commerce services in the digital asset and virtual currency ecosystem, today announced the appointment of Fabio Alvino as Chief Executive Officer of the Company's wholly owned subsidiary Alternet Payment Solutions ("APS").

APS is focused on providing a next generation digital currency and payment ecosystem by leveraging its experience in the mobile and disruptive payments technology industry. As previously disclosed, APS has reached a strategic agreement with BitPay, the world leader in business solutions for the bitcoin digital currency industry, to provide business to business payment methods such as converting fiat currency to digital currency and vice versa in the Americas, Caribbean and Asia-Pacific.

Mr. Alvino is the former founder of UTIBA Americas, a global leader in Mobile Financial Services, which was acquired by AMDOCS. An innovative manager and strategist, Mr. Alvino has founded and sold several other companies including FreshTech, Profile Multimedia and Cybermedia. Mr. Alvino will look to leverage his extensive business experience, knowledge, and network regarding the mobile financial services industry at APS.

Henryk Dabrowski, CEO of Alternet Systems, stated, "Fabio and I have worked together on several opportunities over the years and am pleased that he has accepted the position of CEO to lead our effort at Alternet Payment Solutions. The digital currency industry is only beginning to take shape. I am confident that Fabio's extensive experience and network will successfully implement our strategy and achieve our goals."

Fabio Alvino, Chief Executive Officer of APS, commented, "It is an exciting time for the launch of Alternet Payment Solutions. I passionately believe in the power of digital currency especially in those countries with significant currency volatility and restrictions. Our digital currency products and solutions will provide better options to facilitate business transactions between clients on a global basis. I look forward to working once again with Henryk and the team at Alternet."

About Alternet Systems, Inc.

Alternet Systems, Inc. is an enterprise accelerator company focused on the complementary, high-growth markets of Digital Currency and Mobile and Internet Commerce products and services. Through its subsidiaries, Alternet captures and converts extraordinary growth opportunities surrounding the explosion of newly adapted Internet technologies and platforms.

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.

Safe Harbor Statement:
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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