ALYI $100 Million Investment Outlook Bolstered By 2019 $225 Billion Market Wide EV Investment
December 10 2019 - 11:21AM
InvestorsHub NewsWire
ALYI $100 Million Investment
Outlook Bolstered By 2019 $225 Billion Market Wide EV
Investment
Dallas, TX --
December 10, 2019 -- InvestorsHub NewsWire -- Alternet Systems,
Inc. (USOTC:
ALYI) today highlighted a $225 billion market wide investment
by automakers in the electrification of vehicles in 2019.
ALYI management points to the market wide investment as a
validation of ALYI’s own $300 million electric vehicle
initiative. At the same time, ALYI management points out the
differentiation of ALYI’s strategy. The same article that highlights the $225 billion
investment also highlights the typical focus by automakers on
electric vehicles for developed economic markets. Automakers
must rely on sales to “early adopters” in developed markets where
consumers must move away from fossil fueled cars. ALYI on the
other hand is concentrating its efforts on developing electric
vehicles for developing economic markets where electric vehicles
are likely to be an initial vehicle purchase, not one replacing a
fossil fuel powered vehicle.
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. 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 CEO,
Randell Torno will meet in London next week to advance a developing
opportunity anticipated to bring global attention to ALYI’s
electric vehicle initiative in Africa. The opportunity out of
London has been in the works for months and ALYI management
considers the upcoming meetings to be a major watershed
event. The next step following the meetings is anticipated to
advance rapidly and to be the first step where the public will
become aware of the full magnitude of the
opportunity.
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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