Alternet Systems, Inc. (ALYI) Arranges First Tranche of Private Placement
MIAMI, FL — (Marketwire) — 07/20/11 — Alternet Systems, Inc. (OTCQB: ALYI) (PINKSHEETS: ALYI) today announced that it has arranged a non-brokered private placement. The proceeds of the private placement will be used to finance Alternet-s growth plan in the high growth segments of the mobile value added services markets, and digital and mobile security. Mobile value added services are growing explosively fueled by the near ubiquity of the mobile phone, which has achieved over 80% penetratio