ALYI Anticipates Lithium Energy Storage Solution Footprint To Expand In Conjunction With LEXG Acquisition Announced Today
October 31 2017 - 10:19AM
InvestorsHub NewsWire
Dallas, TX -- October 31,
2017 -- InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC:
ALYI) today announced that the company anticipates its lithium
energy storage solution footprint to expand in conjunction with the
Lithium Exploration Group
Acquisition (LEXG) announced today. Alternet Systems and
LEXG recently announced negotiations between the two companies
whereby Alternet Systems expects to expand its current portfolio of
lithium technologies in an agreement with LEXG. Alternet
Systems acquired Lithium IP Holdings on July 21st of this
year. Prior to the acquisition by Alternet Systems, Lithium
IP Holdings obtained a portfolio of patented lithium based energy
storage technologies in an exclusive and confidential agreement
with a prominent Fortune 500 company. Today, LEXG announced
that it has entered into a purchase agreement to acquire a series
of lithium patents for the retail consumer. Alternent Systems
anticipates that LEXG’s acquisition announced today will enhance
and expand Alternet’s lithium energy storage solution
footprint.
The Company’s website:
www.otc-alyi.com or www.lithiumip.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
https://www.otc-alyi.com/contact/