ALYI Update and Highlights of Anticipated Entry Into Cannabis Sector Following USMJ Announcement
October 28 2016 - 8:30AM
InvestorsHub NewsWire
Alternet Systems Publishes Status Update and Highlights Its
Anticipated Entry into the Cannabis Sector Following Recent North
American Cannabis Holdings Announcement
Miami, FL -- October 28, 2016 -- InvestorsHub NewsWire
Alternet Systems, Inc. (ALYI)
today released a shareholder update following the recent
announcement by North American Cannabis Holdings, Inc. (USMJ)
regarding contract discussions between Alternet and North American
Cannabis Holdings. The purpose of this update is to
confirm the ongoing discussions with North American Cannabis
Holdings, and to provide further updates on Alternet’s current
status in the financial software industry, in addition to
highlighting Alternet’s future plans in the cannabis sector.
North American Cannabis Holdings and Alternet Contract
Discussions
On Tuesday this week, October 25, 2016,
North American Cannabis Holdings announced entering discussions
with Alternet on a deal intended to combine resources of the two
companies in the launch of a cannabis payment system.
Alternet has consulted with North American Cannabis Holdings since
the launch of their cannabis payment system pilot
project. North American Cannabis Holdings’
announcement last Tuesday went on to compare the plan with Alternet
to a previous transaction between North American Cannabis Holdings
and a separate company, Puration, Inc. (PURA).
The Puration transaction involved a share exchange between Puration
and North American Cannabis Holdings and dividend distribution to
North American Cannabis Holdings shareholders. Alternet
confirms the nature of the discussions with North American Cannabis
Holdings. The North American Cannabis Holdings release can be
seen in its entirety by following the below link:
North American Cannabis Holdings in
Discussions With Alternet Systems on Deal That Could Lead to Second
Spinoff and Dividend
Alternet’s Current Status
Alternet has a long-term track record in developing innovative
financial services industry software solutions. Alternet
continues today in an effort toward developing and commercializing
a growing portfolio of digital commerce technologies. Most
recently, Alternet has concentrated on Data Analytics.
Where big company sales used to be driven by ‘mass-marketing’
campaigns, marketing today is focused on ‘microsegments and hyper
localization.’ Instead of designing campaigns that appeal to the
mass, with the reach of today’s social media technologies,
marketing campaigns are designed for very specifically defined
populations and even designed for the individual consumer. The
input for such microsegmented and hyper localized campaigns starts
with Big Data Analytics.
Capturing and organizing sales transaction data, to study and
improve the efficiency and efficacy of future marketing programs,
is a competitive advantage almost exclusively available to the
largest corporations that can bankroll the development of
proprietary, multi-million dollar software solutions. Alternet’s
focus is on making Data Analytics available as a service affordably
in reach to smaller business, and in so doing, leveling
the $125
Billion Big Data Analytics playing field between
the Fortune 500 and everybody else.
Alternet Systems has a long-term track record in developing
innovative financial services industry software solutions. Very
similar to the approach the Company is currently utilizing to
develop its Data Analytics solution, Alternet recently developed a
previous financial services solution, later selling that solution
and realizing a 47% ROI. That same management is now developing the
Data Analytics centric solution.
Alternet Future Plans In The Cannabis Sector
Alternet’s business development since
the aforementioned financial services solution sale with a 47% ROI
has been slower than anticipated, but nevertheless promising.
In keeping with the slower than anticipated development pace, the
Company has sparingly expended resources. Management prioritized
sustaining operations for the long-term through an anticipated
short-term slow period. As a result of the sparing use of
resources, the Company is now behind schedule in filing current
financial information.
The engagement with North American
Cannabis Holdings would bring Alternet into the burgeoning cannabis
sector. Management anticipates an entry into the cannabis
sector to pick-up Alternet’s overall business development
pace. Negotiations with North American Cannabis Holdings
include direct and collateral business arrangements expected to
facilitate Alternet rapidly coming current in its financial
reporting requirements.
In addition to Alternet’s comprehensive
financial software industry experience, North American Cannabis
Holdings specifically saw Alternet’s recent focus on data analytics
as a potential differentiator in a retail cannabis payment
system.
To learn more about Alternet Systems, visit the Company’s
website:
AlternetSystems.com
Follow the Company on Twitter:
AlternetSystems
LinkedIn:
company/587026
Forward-Looking Statements:
This release contains forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended and
Section 21E of the Securities Exchange Act of 1934, as amended. All
forward-looking statements are inherently uncertain as they are
based on current expectations and assumptions concerning future
events or future performance of the company. Readers are cautioned
not to place undue reliance on these forward-looking statements,
which are only predictions and speak only as of the date hereof. In
evaluating such statements, prospective investors should review
carefully various risks and uncertainties identified in this
release and matters set in the company's SEC filings. These risks
and uncertainties could cause the company's actual results to
differ materially from those indicated in the forward-looking
statements.
Contact:
Henryk Dabrowski
ir@alternetsystems.com
305 989 5698
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