Alternet Systems Inc (ALYI)

Alternet Systems, Inc., a Nevada corporation was organized on June 26, 2000 under the name North Pacific Capital Corp. In 2001 the Company changed its name to SchoolWeb Systems Inc. and then, in 2002, to Alternet Systems, Inc. The Company offers mobile financial services and mobile and digital security solutions for the Western Hemisphere which includes North, Central and South America and the Caribbean. It operates through two subsidiaries namely, Alternet Transaction Systems Inc., which does business as Utiba Americas and International Mobile Security Inc. Utiba Americas has the exclusive rights to market all Utiba products, offered as Software as a Service (SaS), in North, South, and Central America, and the Caribbean. It targets mobile operators, financial institutions, money remitters, governments and utilities, and retailers. International Mobile Security offers services such as secure SMS, secure, encrypted messaging and voice, mobile geo-positioning and Mobile security monitoring and management. Its target industries are Telecommunications Providers (Mobile, Fixed and Data), Government and Corporations and Law Enforcement and Military. The Company competes with significantly larger companies that are better financed.