Alternet expands board of directors with new addition

Alternet has added Fernando Cisneros to its board of directors. Cisneros is a partner at Octagon Group. He is also the former vice president at LXG Capital. Based in Miami, Alternet is a business accelerator focused on digital currency and mobile commerce.

PRESS RELEASE

MIAMI, FL–(Marketwired – Aug 5, 2014) – Alternet Systems, Inc. (OTCQB: ALYI) (“Alternet” or the “Company”), an accelerator of high growth opportunities in Digital Currency and Mobile Commerce services, today announced the appointment of Fernando Cisneros to the Board of Directors effective August 4, 2014.

Alternet Systems, Chief Executive Officer, Henryk Dabrowski commented, “We are honored to have Fernando join our Board of Directors. His extensive network, reputation and experience in the global financial industry will be invaluable as we continue to distinguish ourselves within the digital currency industry.”

Mr. Cisneros is an entrepreneur and private equity investor with deep financial expertise. He is currently a Partner at Octagon Group, a Peruvian real estate development firm, and spearheads multi-million dollar residential and commercial projects.

Prior to Octagon Group, Mr. Cisneros was a Vice President in LXG Capital, a boutique Latin American investment bank, working on mergers and acquisitions, divestitures, general strategic advisory services, and capital raising. Mr. Cisneros has also served as a Partner in Flow Investments, a global macro hedge fund, where he focused on equities and options and as Vice President of Finance at Grupo Mistral, a private group of companies in the industrial, retail, and consumer product sectors in Venezuela. Lastly, he began his career as an Analyst at Lazard Frères in mergers and acquisitions. Mr. Cisneros holds a BA in Economics from Duke University and an MBA from Columbia Business School.

Effective July 31, 2014, Fabio Alvino resigned from the Board of Directors to pursue other business interests. Mr. Alvino’s resignation was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

Mr. Dabrowski commented, “Fabio has been a great supporter of Alternet Systems. We very much appreciate his time at the Company and thank him for his service.”

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.

 

Leave a Reply

PEHUB Community

Join the 12506 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget