ALYI - Alternet Systems Plans Management Restructuring And Expansion To Optimize Growth
May 14 2019 - 11:18AM
InvestorsHub NewsWire
ALYI - Alternet Systems Plans
Management Restructuring And Expansion To Optimize Growth
DALLAS, TX --
May 14, 2019 -- InvestorsHub NewsWire -- Alternet Systems, Inc.
(USOTC:
ALYI) (“ALYI”) today announced plans
for a management restructuring and expansion intended to contribute
to the company’s growing sales opportunities, technology
innovations and merger and acquisition developments. The
company signed $2 million dollars in orders in the first quarter of
2019 for its ReVolt Electric Motorcycles and has a $20 million
order under development in conjunction with a project to open an
African assembly plant. ALYI also has a number of alternative
energy storage related technologies under development.
Furthermore, ALYI has a robust merger and acquisition (M&A)
pipeline. The sales development, technology development and
M&A activity has the current management team stretched in
addition to some of the tasks under management differing from the
current management teams background and areas of expertise.
The company plans to soon release the results of its first quarter
2019 operations followed by a management brief further detailing
the first quarter results. Look for the management brief
coming by the end of next week. The management brief will
elaborate more on the planned management restructuring and
expansion. The following week of May 27th, ALYI
plans to release the final plan on the management restructuring and
expansion.
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.
Research Report Speculative Buy Rating And $0.09
Target PPS
Goldman Small Cap Research has recently issued a
research report update on the Company. The report confirms a
'speculative-buy' rating with a target price-per-share
of $0.09. The report provides an in-depth overview and
analysis of Alternet's new strategy, new orders, and upcoming
milestones. To view the report, along with disclosures and
disclaimers, visit https://www.alternetsystemsinc.com/research-update or http://www.GoldmanResearch.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.
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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