ALYI Courts $20 Million Electric Vehicle Order
April 02 2019 - 9:18AM
InvestorsHub NewsWire
ALYI Courts $20 Million Electric
Vehicle Order
DALLAS, TX --
April 2, 2019 -- InvestorsHub NewsWire -- Alternet Systems, Inc.
(USOTC: ALYI)
(“ALYI”) today announced a prospective order for two thousand of
its ReVolt Electric Motorcycles which would total $20 million in
sales. ALYI has already announced $1.5 million in confirmed
orders for its ReVolt Electric Motorcycles to be delivered in
Kenya. The company has also recently announced that management
will meet potential partners and tour facilities next week in Kenya
looking to possibly open an assembly plant to complete
manufacturing in Africa for ReVolt Electric Motorcycles to be sold
accross the continent. Management further revealed today that
a commitment to open a plant in Kenya is part of an overall deal
that would include the initial order of 2,000 ReVolt Electric
Motorcycles. Management plans to issue updates from Kenya
next week as the opportunity progresses. Management also
indicates the Kenyan trip will include meetings with additional
potential partners expected to further advance ALYI’s electric
vehicle interests in Africa beyond the company’s ReVolt Electric
Motorcycles.
ALYI is focused
on offering varied, environmentally sustainable, energy storage
solutions for targeted markets, including consumer electric
vehicles and military applications. The first product category is
lithium battery-powered motorcycles, to be followed by motorbikes.
ALYI also has an ongoing hemp energy storage initiative leading its
current efforts to introduce an alternative to lithium
batteries.
Research Report Speculative Buy Rating And $0.09
Target PPS
Goldman Small Cap Research has recently issued a
research report update on the Company. The report confirms a
'speculative-buy' rating with a target price-per-share
of $0.09. The report provides an in-depth overview and
analysis of Alternet's new strategy, new orders, and upcoming
milestones. To view the report, along with disclosures and
disclaimers, visit https://www.alternetsystemsinc.com/research-update or http://www.GoldmanResearch.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.
For more information, please visit: http://www.alternetsystemsinc.com
Alternet
Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297
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