Alternet Systems Exits Financial Industry With USMJ Acquiring Point Of Sale Assets
July 11 2017 - 8:43AM
InvestorsHub NewsWire
DALLAS, TX –July 11, 2017
- InvestorsHub NewsWire - – Alternet Systems, Inc.
(USOTC: ALYI) today announced exiting the
financial industry with North American Cannabis Holdings, Inc.
(USOTC: USMJ) acquiring ALYI’s retail point of
sale (POS) technology assets. The two companies have
previously been working together on a cannabis POS pilot
project. USMJ will now move forward on its own to continue
rolling out the cannabis POS solution. USMJ recently
announced adding its own
Cryptocurrency to the cannabis point of sale
solution. The outgoing CEO of ALYI, Henryk Dabrowski is joining Ciao Group, Inc.
(USOTC: CIAU) to lead Ciao’s issuance of its own
digital currency. USMJ anticipates Ciao’s new Cryptographic
Enterprise Division to play a key role in the development of USMJ’s
own Cryptocurrency. USMJ plans an Initial Currency Offering
(ICO) of a cannabis digital coin in the not too distant
future. In conjunction with its exit from the
financial industry, ALYI will now be entering the Lithium sector
through a strategic acquisition. ALYI recently announced
entering into an agreement to acquire a
private Lithium Intellectual Property
Company. The acquisition is anticipated to be
complete by the end of July or earlier.
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.
These statements have not been evaluated by the Food and Drug
Administration. These products are not intended to diagnose, treat,
cure or prevent any disease.
Contact:
ir@alternetsystems.com
+1-305-989-5698
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