Alternet Systems Announces Electric Vehicle And Lithium Exploration Group On Track
February 22 2018 - 10:48AM
InvestorsHub NewsWire
Dallas, TX -- February 15, 2018 -- InvestorsHub NewsWire --
Alternet Systems, Inc. (USOTC:
ALYI) today announced the company’s developing partnership to
launch an Electric Vehicle (EV) subsidiary utilizing Alternet’s
Patented Lithium Battery Technology, and the acquisition of Lithium
Exploration Group’s (USOTC:
LEXG) SonCav Technology are both on track.
Message From Alternet Systmes CEO Randell
Torno
The potential for Alternet’s Electric Vehicle project and the
SonCav technology as wells as much of the potential for many of the
lithium related technology opportunities we are pursuing, we expect
to be found outside the United States, and largely within frontier
and developing economic regions. We plan to concentrate our
Electric Vehicle efforts on motorcycles in regions of the world
where two wheeled transportation far surpasses four wheeled
transportation. The lithium mining opportunities that we
anticipate will find the Soncav technology to have a compelling
value proposition will likely be mining opportunities in developing
and frontier economic regions. The only way to meaningful
develop opportunities in frontier and emerging market regions is to
spend dedicated time face to face with interested business parties
in those regions. I have been on the ground in Africa for the
past month, and I communicating today from Ethiopia. I
expected to have a communication out to shareholders earlier this
week, but my travels have put me behind. Even this
communication will be a little more brief than I originally
planned. So please consider this a first communication in a series
of updates.
I have a high degree of confidence that the developing Electric
Vehicle partnership and the acquisition of SonCav will both come to
fruition soon. The projects are both on Track. I
consider the pacing item in closing both opportunities to be
Alternet establishing the subsidiary organizations to house each
deal and initiating the registration statement to independently
list each subsidiary organization. We are well in motion on
the establishing each subsidiary and the corresponding initiatives
to register each subsidiary organization. Those initiatives
are in good hands with counsel we feel well fit for the job.
In the meantime, I am dedicating myself to business development for
both opportunities as well as other initiatives I hope to share
with you soon. Look for more updates from me soon.
Learn more on 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/
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