Alternet Systems Takes Big Step Toward Becoming Electric Vehicle Leader In Africa
April 15 2019 - 9:00AM
InvestorsHub NewsWire
Alternet Systems Takes Big Step
Toward Becoming Electric Vehicle Leader In Africa
DALLAS, TX --
April 15, 2019 -- InvestorsHub NewsWire -- Alternet Systems, Inc.
(USOTC:
ALYI) (“ALYI”) has scheduled an online presentation this
Thursday, April 18th, 2019 to provide details on the
company’s plan to create over $50 million in value from its African
strategy. The $50 million in value will be a combination of
revenue generation and asset value. Management spent all last
week in Kenya working on a combination of business agreements that
are all part of one strategy to advance the company’s electric
vehicle business in Africa. The company announced on Friday
last week, the execution of a Letter of Intent (LOI) for a ReVolt
Electric Motorcycle assembly plant in Kenya that includes an
initial $20 million order of 2,000 ReVolt Electric
Motorcycles. The company also announced a second LOI
agreement that leads to a potential contract where ALYI secures a
leadership role in a global electric vehicle institution that is
expected to contribute substantially to the ongoing advance of
electric vehicle technology worldwide. The second LOI would
also lead to substantial revenue generation in addition to the $20
million order for 2,000 ReVolt Electric Motorcycles. Check
back Thursday, April 18th to learn more about how the
two LOI’s fit into ALYI’s overall plan to create over $50 million
in value from its African
strategy.
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.
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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