ALYI - Alternet Systems Anticipates Initial Goldman Small Cap Research Cryptocurrency Survey Results Next Week
November 27 2019 - 11:34AM
InvestorsHub NewsWire
ALYI – Alternet Systems Anticipates
Initial Goldman Small Cap Research Cryptocurrency Survey Results
Next Week
Dallas, TX --
November 27, 2019 -- InvestorsHub NewsWire -- Alternet Systems,
Inc. (USOTC:
ALYI) today announced that it next week anticipates Goldman
Small Cap Research issuing its initial results from a consumer
acceptance cryptocurrency survey intended to measure the viability
of a strategy to raise $100 million to expand ALYI’s African
electric vehicle strategy and to correspondingly refine the
strategy in response to the survey
results.
ALYI has
initiated and continues to develop $300 million in electric vehicle
projects in Africa targeting the shared ride market. Through
a partnership, ALYI has recently announced a cryptocurrency finance
initiative intended to dramatically expand its electric vehicle
developments in Africa.
ALYI management
maintains that Africa holds higher potential for eclectic vehicle
sector growth than any other region within the global electric
vehicle market anticipated to reach over $550 billion by 2025. Africa is
urbanizing at a rate that exceeds twice the global average.
Car ownership in Africa is extremely low at only 2%
per capita compared to 70% in the U.S. and 50% in Europe
leaving tremendous room for growth. Shared riding has been a
custom in Africa long-before phone apps made the rest of the world
aware of the shared ride market. ALYI is betting on the rapid
adoption of electric vehicles for the shared ride market in Africa
and positioning to be the leader in the field of manufacturing
electric vehicles for the African shared ride
market.
ALYI has
initiated and continues to develop $300 million in electric vehicle
projects in Africa targeting the shared ride market. Through
a partnership, ALYI has recently announced a finance initiative
intended to dramatically expand its electric vehicle developments
in Africa.
IW Global
(www.IW-Global.com)
has proposed launching and managing an Initial Coin Offering (ICO)
on ALYI’s behalf specifically targeted at raising $100 million to
fund infrastructure for electric vehicle production in
Africa. IW Global, a well-established technology firm with a
wide breadth of experience spanning projects for NASA and more has
recently implemented multiple blockchain solutions, has proposed
launching and managing an Initial Coin Offering (ICO) on ALYI’s
behalf specifically targeted at raising $100 million to fund
infrastructure for electric vehicle production in
Africa.
ALYI and IW
Global have formulated a plan whereby, ALYI’s production and
marketing partners in Kenya will form a new company (NewCo) with
the specific focus of building a new, state of the art electric
vehicle production plant. This NewCo will be a separate
company apart from ALYI but exclusively contracted by ALYI for
producing ALYI designed vehicles. The NewCo is the business
entity that would initiate the proposed ICO. The funds would
be dedicated to 1. Building the plant and 2. Funding the production
of ALYI’s vehicles. A successful ICO would permit ALYI to
substantially accelerate and expand upon its initial $300 million
in existing electric vehicle
projects.
ALYI has engaged
legal counsel to ensure the cryptocurrency launch would be executed
in compliance with prevailing regulatory
guidelines.
ALYI has engaged
Goldman Small Cap Research to conduct a survey with first time and
experienced cryptocurrency investors in conjunction with a
potential $100 million initial coin offering (ICO) that would
provide strategic financing to fund a major expansion of the
company’s electric vehicle
developments.
Ethereum is the
proposed underling platform for the ALYI cryptocurrency
launch.
The Ethereum
platform and blockchain is the most reliable existing blockchain
and is supported by the Ethereum Foundation, based in Zug,
Switzerland and the Ethereum Enterprise Alliance based in the USA
with members like Microsoft, Intel, Mastercard, UBS, BBVA, Banco
Santander, among others. IW Global is experienced with
Ethereum and has launched previous cryptocurrencies build on the
Ethereum platform.
ALYI with its
partners, plan to soon announce a new company in Kenya that will be
the target of investment and building a state-of-the-art electric
vehicle research and development and production center. A
separate business entity for managing the sale of cryptocurrency to
fund the Kenyan business will be established within a European
venue. A website on the overall initiative is planned
to soon be launched. The website will include a whitepaper on
the African electric vehicle development
cryptocurrency.
ALYI management
plans to publish continued progress reports as the ICO strategy
develops.
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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