MIAMI, February 3, 2016 /PRNewswire/ --
Alternet Systems, Inc. (OTC QB: ALYI) today announced the release of a research analyst report from Caprock Research. The analyst authoring the report initiated coverage with an 'accumulate' recommendation, near term price per share target of $0.05 and long term price per share target of $0.17. The full report can be found by visiting the Wall Street Corner Special Situation Report website under Alternet Systems analyst report.
The report details the Company's entrance into the mobile financial services and mobile security industries in 2009 and sale of Utiba America's assets in 2014. In 2015, Alternet began providing its products and services commercially across retail and consumer payment mechanisms, fintech solutions, point of sale infrastructure and most recently data analytics tools and services. Alternet is currently deploying a cloud-based analytics solution in the United States and South America that assists marketers, sales and supply chain organizations optimize their strategies and maximize yield.
Wall Street Corner has engaged Caprock Research to initiate ongoing research coverage on Alternet. An updated analyst report is anticipated following the Company's filing of its 2015 audited financial report.
About Alternet Systems, Inc.
Alternet Systems, Inc. is developing and commercializing a growing portfolio of digital commerce technologies. With the world becoming increasingly dependent on technological conveniences and advances, Alternet is investing in verticals within the digital commerce space, transforming the legacy electronic payments infrastructure and developing advanced predictive data analytics applications for the mass consumer as well as the telecommunications and financial industries. With strategic investments in these three key, high-growth markets, Alternet is accelerating the future of money and its role in the global demand for these services. The company is guided by a team of executives specializing in entrepreneurial endeavors, innovation, corporate strategy, financial and executive management of multi-national organizations, and a vast network of industry resources.
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This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
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