ALYI Alternet Systems Inc New (PK)

Alternet Systems Announces Its Digital Bank Initiative Through the Launch of Alternet Financial Systems, Inc.

MIAMI, FL--(Marketwired - May 5, 2014) - Alternet Systems, Inc. (OTCQB: ALYI) ("Alternet" or the "Company"), an accelerator of high growth opportunities in Digital Currency and Mobile Commerce services, is pleased to announce its Digital Bank initiative, through the commercial launch of Alternet Financial Solutions, Inc. ("AFS"). 

AFS is focused on bringing to market innovative consumer products, including a multi-asset debit and credit card. This initiative is the first of its kind with dynamic currency conversion from digital to physical currency, digital currency exchange and merchant acquisition solutions. All of these services will include the seamless integration of existing digital currencies, including Bitcoin, Ven, Dogecoin, Ripple and others. The company expects to have a global reach, initially launching in Latin America and the Caribbean, with expansion opportunities into Africa and Eastern Europe.

Henryk Dabrowski, Chief Executive Officer of Alternet Systems, stated, "Alternet has the vision of offering people all over the world multiple payment options on one platform. For the first time, we will be able to use currency as we have or cryptocurrency through these debit and credit card products. It is of critical importance to offer people in the parts of the world with volatile currencies the option of making purchases with cryptocurrencies."

Mr. Dabrowski continued, "We have appointed Mr. Jose Esayag, a veteran financial and technology professional to lead these efforts. Mr. Esayag founded several banks, technology startups and financial services companies. He will lead our expansion into this exciting field, leveraging our already successful efforts in the Mobile Financial Services sector. AFS will greatly benefit from his experience, as well as his deep knowledge of the financial services industry."

Jose Esayag has held executive positions in the financial industry for over twenty years integrating strategic management expertise and team leadership skills into dynamic corporate environments. Additionally, Mr. Esayag has built a skill set in business operations, strategic planning, project management and interpersonal and public relations. Currently, Mr. Esayag is Managing Partner of Angel Workforce, LLC, The Angel Services LLC Enterprise, and Esayag Financial Group, LLC. Additionally, Mr. Esayag is the President of ServiPos Latinoamericana SA. Prior to holding these positions, he was President of Blackberry Clinic & Blackberry Solutions, Financial Advisor at Esayag & Associates Financial Group, and Chairman and Director of Grupo Financiero Bolivar. 

About Alternet Systems Inc.: Alternet Systems Inc. (OTCQB: ALYI), headquartered in Miami, Florida, is an enterprise accelerator company focused on the complimentary, high-growth markets of Digital Currency, Mobile and Internet Commerce and Cyber-Security 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.

Contact: Investor Relations Contact at Alternet: Rich Kaiser Email Contact 1-888-823-8494 Or Alliance Advisors, LLC Alan Sheinwald Email Contact (914) 669-0222