ALYI - Alternet Systems Introduces Consumer Finance Concept Seeking Shareholder Input
July 10 2018 - 9:23AM
InvestorsHub NewsWire
Dallas, TX -- July 10, 2018 -- InvestorsHub
NewsWire -- Alternet Systems, Inc. (USOTC:
ALYI) today released a letter from management to update
shareholders on the latest developments with the company’s ReVolt
Electric Motorcycle subsidiary and other ongoing business
initiatives to commercialize evolutionary battery
technologies. In relation to the company’s overall clean and
sustainable energy focus, management is also seeking shareholder
feedback on a concept consumer finance strategy to offer electric
vehicle buyers purchase financing and leasing options. The
proposed concept consumer finance strategy would potentially
leverage cryptocurrency to fund and democratize the purchase
financing and lease capacity. The letter from management is
included in its entirety below:
Dear
Shareholders –
Just
before the 4th of July we announced receiving our pilot
production motorcycles. If you’ve been following Alternet
Systems for a while you know about our subsidiary ReVolt
Electric Motorbikes. We have a comprehensive production
plan for a line of electric motorcycles and electric bikes starting
with the maiden rollout of a retro designed WWII era motorcycle
with sidecar. The classic design is intended to be fun and
clean energy powered with a proprietary lithium battery.
We’re ahead of schedule and on track to take orders for this
year’s holiday season. Herein we’ll provide you with the
latest details on our evolving strategy for ReVolt and how it fits
into our overall strategy to implement a variety of clean energy
solutions. Our overall strategy includes an inventive sales
and marketing plan to make the motorcycles available to range of
consumers. Our inventive sales and market strategy includes a
consumer finance component to help buyers purchase and lease
electric vehicles. We expect our inventive sales and
marketing strategy to be applicable to additional clean energy
products we intend to develop in the future. We have recently been
approached by an investment group proposing a cryptocurrency
solution to empower our consumer finance initiative. We
address the proposed cryptocurrency solution in this letter and we
want to hear back from you about the idea.
Alternet Systems initiated its entry into the
clean energy sector with a portfolio of inhouse lithium battery
technologies. Our approach to expanding our clean energy
portfolio is evolving. We are exploring clean energy
solutions outside just lithium battery technologies and we are
shifting our previous approach from just inhouse technologies to
include technologies we commercialize through partnership. We have
found the optimal path to commercializing the best clean energy
solutions involves the integration of numerous technologies and we
believe a strategy that only includes inhouse technologies can be
limiting. By expanding our approach to include the
integration of technologies acquired through partnership agreements
we can improve upon the potential of the end
product.
Our
core competency is the commercialization of an end product and the
marketing of that end product. Our leading focus today is on
electric motorcycles and electric bikes. We are integrating
the vehicle mechanics with a lithium battery powered motor.
We have accessed a motorcycle frame that includes components from a
number of manufacturers and we are piloting an electric powerplant
that will include components from a number of manufacturers.
By expanding our reach to include components from partners, rather
than just inhouse technologies, we improve our speed to market and
the quality of the end product. As our pilot phase continues,
shareholders can look forward to more details on the final selected
components integrated into the end product.
Alternet Systems has previously published
information pertaining to additional clean energy powered
products. In addition to the current focus on electric
motorcycles and electric bikes, Alternet has also maintained
development efforts to produce clean energy powered products for
the defense sector. The expanded partnership approach
detailed here in regard to the ReVolt developments is also being
applied to the ongoing defense sector efforts.
Concept Cryptocurrency To Back Electric Vehicle
Purchase Financing And Leasing
To
support the sales of electric motorcycles and eclectic bikes,
management has been working on a consumer finance solution to
provide buyers with purchase financing and leasing products.
In the course of our business development efforts, we have been
approached by an investment group proposing the introduction of a
cryptocurrency that would permit individual investors to back the
purchase financing and leasing products. The concept is for
the sale of a cryptocurrency to source funds that would be used to
finance the purchase or lease of our electric vehicles. In so
doing, the ownership of such a cryptocurrency would represent a
percentage of ownership in the portfolio of loans and leases
secured by electric vehicles. The concept includes a
registration of the cryptocurrency in advance of any sales of the
cryptocurrency. The cryptocurrency market appears to provide
early stage companies with a promising path to rapidly finance new
enterprises. Cryptocurrencies also have an appealing
democratic characteristic inherent within the nature of the
universally open architecture of a cryptocurrency offering.
The technology is open, and the offering is open to anyone with an
internet connection. At the same time, cryptocurrencies are a
subject of considerable controversy. Accordingly, and in the
spirit of the democratic nature of cryptocurrency, we are seeking
feedback from shareholders. Do you think this concept is a
good idea? Do you have your own cryptocurrency experiences to
share? Please let us know what you think by following this
link on our website:
https://www.otc-alyi.com/contact/
We’ll
follow up with an email to all respondents summarizing the feedback
we receive.
Thank
you,
Randell
Torno
CEO
Alternet Systems
Learn
more on the company's website: 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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