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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