ALYI Electric Vehicle Strategy Stands Out Among Industry Contenders
July 13 2020 - 12:44PM
InvestorsHub NewsWire
Dallas, TX -- July 13, 2020 --
InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC:
ALYI) is an innovative electric vehicle company with a
differentiated focused on the African market. ALYI CEO, Dr. Randell Torno, contends that the
immediate opportunity for electric powered transportation growth in
Africa by far exceeds the electric powered transportation
opportunity anywhere else in the world and that the electric
mobility technology innovations that will be developed for Africa
will ultimately form the foundation of commercial electric powered
transportation everywhere. In short, Africa is the global proving
ground for electric powered
transportation.
ALYI recently announced initiating a
design and engineering phase of a development to construct
facilities covering approximately 100 acres that will be required
to host the intended anchor event at the company’s annual electric
mobility conference and symposium in Africa. The company
recently announced a $2.5 million investment deal intended to fund
this first phase of the development. The $2.5 million is an
advance on a $25 million investment currently committed under a
letter of intent. Tomorrow, on Tuesday, July 14, management
plans to publish more details on the 100-acre
development.
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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