Alternet Systems, Inc. announced today that they have agreed to terms to acquire proprietary technology to continue development of its business plan for their newly formed subsidiary, International Mobile Solutions (IMS). The technology to be acquired includes data and voice encryption and geo-positioning and tracking. The acquisition will complement partner technologies and will help IMS fulfill this product strategy as well as bring several projects in the sales pipeline. Details of the transaction and consummation of the deal are expected in June.

Alternet, a company which operates as an enabler of mobile commerce services in the Americas and the Caribbean, offers mobile payment and financial transaction software, as well as hosted Voice over Internet Protocol (VOIP) billing services and back office solutions, for carriers and large corporations. In order to address security concerns during mobile commerce and transaction services, Alternet launched their subsidiary, IMS, last year as a solution.

More information on the business strategies of Alternet can be found on their website at www.alternetsytems.com.

Also issued in a press release today, Alternet has been featured in a Webcast presentation from the Small Equity Initiative (SEI). The Small Equity Initiative is a not-for-profit organization established by the founders of NewMarket Technology, Inc. (PINKSHEETS: NWMT) (OTCQB: NWMT) and China Crescent Enterprises, Inc. (OTCBB: CCTR) to coordinate education, advocacy and activism to improve the capital markets for both small business entrepreneurs and investors. The Small Equity Initiative is still a small operation at this point, but has lofty ambitions to meet its objectives to improve access to capital for early stage businesses and improve the return on investment (ROI) potential for the individuals and institutions that invest in the small business sector.

In the webcast presentation, Alternet is featured as a company in the SEI “Small Business Laboratory.” Other companies that are part of this lab (the self-described area where founders of the SEI get their experience) include New Market Technologies, China Crescent Enterprises, Inc., NuMobile, Inc. (OTCBB: NUBL), Nova Energy Inc. (OTCBB: NVAE), Virtualhealth Technologies, Inc. (OTCBB: VHGI), ENABLE IPC CORP (OTCBB: EIPC), and The World Series of Golf, Inc. (OTCBB: WSGF).