ALYI Announces New Contract And Strategic Investment Expanding Its EV Ecosystem
April 08 2021 - 9:07AM
ADVFN Crypto NewsWire
Dallas, TX -- April 8, 2021 --
InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC:
ALYI) today announced executing a new agreement substantially
expanding the company’s overall electric vehicle ecosystem vision
and strategy.
The new agreement represents an electric
vehicle deployment sector expansion beyond ALYI’s current rideshare
entry point. It also brings a geographic expansion
opportunity beyond ALYI’s current East African
concentration.
The multitiered deal includes a new
strategic investment into ALYI with a structure that management
views as a confirmation of ALYI’s current value potential. The
investment structure also introduces an opportunity to
substantially contribute to ALYI’s balance sheet over the next
year.
Details regarding the deal are intended to
be disclosed in the subsequent events section of the pending ALYI
FY2020 annual report.
The new agreement and corresponding
expansion of the electric vehicle ecosystem announced today, is the
first in a pipeline of new opportunities management reports having
been generated by the recent publishing of a video
demonstrating the company’s first electric motorcycle intended
to highlight ALYI’s overall electric vehicle ecosystem business
plan.
Learn more about ALYI’s overall
Electric
Vehicle Ecosystem
Strategy.
Find out how to participate in ALYI’s
Electric Vehicle Ecosystem Strategy through the purchase of a
dedicated cryptocurrency, Revolt Token (RVLT) on
the RevoltTOKEN website:
www.RevoltToken.com
For more
information and to stay up to date on ALYI’s overall latest
developments, please visit 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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