ALYI - Alternet Systems Implements Restructuring Designed To Trigger 1000% Revenue Growth
May 28 2019 - 10:06AM
InvestorsHub NewsWire
ALYI – Alternet Systems Implements
Restructuring Designed To Trigger 1000% Revenue Growth
DALLAS, TX --
May 28, 2019 -- InvestorsHub NewsWire -- Alternet Systems, Inc.
(USOTC:
ALYI) (“ALYI”) today announced
implementing a management restructuring plan in a strategic
partnership designed to trigger 1000% revenue growth. The
company has recently announced a number of developments regarding
major business developments to advance its electric vehicle
production and sales in Africa. The company has 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. The management restructuring announced today
includes a management swap with a partner company key to the ALYI
opportunity in Africa. On Thursday, May 30th,
later this week, ALYI will publish an online presentation on the
company’s website detailing the management restructuring designed
to trigger bringing to fruition the initiative in Africa that would
rapidly increase ALYI’s orders from $2 million to over $20 million.
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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