ALYI - Alternet Systems African EV Strategy Bolstered By Recent Bloomberg Feature

Date : 06/04/2019 @ 2:10PM
Source :InvestorsHub NewsWire
Stock : Alternet Systems, Inc. (PC) (ALYI)
Quote : 0.00885  -0.00005 (-0.56%) @ 8:59PM

ALYI - Alternet Systems African EV Strategy Bolstered By Recent Bloomberg Feature

ALYI - Alternet Systems African EV Strategy Bolstered By Recent Bloomberg Feature


DALLAS, TX -- June 4, 2019 -- InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC: ALYI) (“ALYI”) today reemphasized the company’s recent restructuring designed to trigger 1000% revenue growth through its electric vehicle (EV) production and sales initiative in Africa.  The company’s African EV production and sales initiative was bolstered yesterday in what management views as an endorsement of the strategy in a Bloomberg feature titled Maybe Africa Really Will Be the New China - Contrary to expert opinion, manufacturing could lead the way.  The article points out what many may consider surprising in that “Six of the world’s fastest-growing economies are in Africa, according to IMF forecasts.”  The article discusses the magnitude of investment going into developing manufacturing capacity in Africa.  The United States is not mentioned as one of the sources of investment.  Chinese and Indian sources of investment currently lead the way in Africa. ALYI is a U.S. exception and leader in Africa.
ALYI has recently announced a number of major advances of its electric vehicle production and sales in Africa that could take the company from its roughly $250,000 in annual revenue and recently signed $2 million in orders to over $20 million in annual revenue.  In the first quarter of 2019, ALYI signed $1.5 million in orders for its ReVolt Electric Motorcycles in Africa.  The company has $2 million in orders for its electric motorcycles overall.  The company is also developing an opportunity to assemble its electric motorcycles in Africa in conjunction with a $20 million order for the ReVolt Electric Motorcycles. 

A key ALYI partner, Restance, Inc. (USOTC: ANCE) (“ANCE”) has played an important role in developing critical business relationships on ALYI’s behalf for the ReVolt Electric Motorcycle assembly operation and corresponding $20 million contract in Africa.  ALYI currently concentrates its primary business development efforts on a broad array of industrial initiatives in Kenya.

About Alternet Systems

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:

Alternet Systems, Inc. Contact:
Randell Torno


Alternet Systems, Inc. (PC) (USOTC:ALYI)
Historical Stock Chart

1 Year : From Jul 2018 to Jul 2019

Click Here for more Alternet Systems, Inc. (PC) Charts.

Alternet Systems, Inc. (PC) (USOTC:ALYI)
Intraday Stock Chart

Today : Monday 22 July 2019

Click Here for more Alternet Systems, Inc. (PC) Charts.

Latest ALYI Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts

Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.