ALYI Prepares For ICO In Reaction To Post COVID-19 IPO Market Heating Up
June 17 2020 - 11:23AM
InvestorsHub NewsWire
Dallas, TX -- June 17, 2020 --
InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC:
ALYI) today announced an approaching initial coin offering
(ICO) intended to fund the company’s $300 million electric mobility
initiative in Africa. After the delay of many initial public
offerings (IPO’s) earlier this year in the face of the Coronavirus
Pandemic, the IPO market is now building steam. The biggest IPO deal of the year, Royalty Pharma
(RPRX),
launched yesterday. The market appetite for ICO to fund
ALYI’s African electric mobility initiative is
improving.
ALYI has an
overall $300 million comprehensive electric vehicle strategy in
Africa founded on initially launching the commercial production of
the company’s own ReVolt Electric Motorcycle. The ReVolt
Electric Motorcycle pilot passed initial design requirements and
ongoing pilot design refinements are expected to soon deliver a
reduced overall weight and improved cruising range. ALYI has
partnered with an independent firm founded specifically for
launching an initial crypto currency offering (ICO) dedicated to
funding ALYI’s overall $300 million electric mobility project in
Africa.
ALYI is well
on track with its funding partner for the African electric mobility
project. A cryptocurrency has already been partitioned on the
Ethereum Blockchain. A pre ICO funding round is ready to launch and
ICO details are being
finalized.
For more
information and to stay up to date on the latest developments ,
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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