ALYI - Alternet Systems Management Gets Ahead Of EV Brand Name Rumors
November 05 2019 - 11:50AM
InvestorsHub NewsWire
ALYI – Alternet Systems Management
Gets Ahead Of EV Brand Name Rumors
Dallas, TX --
November 5, 2019 -- InvestorsHub NewsWire -- Alternet Systems, Inc.
(USOTC:
ALYI) management today issued a statement to get ahead of
rumors that a major electric vehicle brand name has expressed
interest in ALYI’s electric vehicle initiative in Africa.
ALYI is developing $300 million in electric vehicle projects in
Africa targeting the shared ride market. The company has
signed orders to produce in Africa, electric motorcycles with a
side car initially for shared ride providers in Kenya. The
company successfully passed an electric motorcycle prototype
testing milestone recently and anticipates having its production
design pilot motorcycle completed any day. ALYI has also
recently announced a $100 million cryptocurrency investment
strategy targeted at expanding beyond the company’s existing $300
million in electric vehicle projects in Africa. In reaction
to recent questions the company has received regarding a deal
signed with a major electric vehicle brand involving a new project
in Africa, ALYI management released the following statement:
“Alternet Systems believes in and is committed to its electric
vehicle initiative in Africa. Accordingly, we are
enthusiastically developing resources to advance and expand upon
our electric vehicle initiative in Africa. Our efforts to
develop resources absolutely includes engaging with major brand
names in the global electric vehicle market. We have made
inroads with one major brand name in particular and anticipate
making a joint announcement soon. Until then, we are not at
liberty to comment on the specific organization nor any details
regarding the nature of the potential
agreement.”
For more
information, please visit: http://www.alternetsystemsinc.com
Disclaimer/Safe Harbor: This news release
contains forward-looking statements within the meaning of the
Securities Litigation Reform Act. The statements reflect the
Company's current views with respect to future events that involve
risks and uncertainties. Among others, these risks include the
expectation that any of the companies mentioned herein will achieve
significant sales, the failure to meet schedule or performance
requirements of the companies' contracts, the companies' liquidity
position, the companies' ability to obtain new contracts, the
emergence of competitors with greater financial resources and the
impact of competitive pricing. In the light of these uncertainties,
the forward-looking events referred to in this release might not
occur.
Alternet
Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297
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