Alternet Systems ReVolt Motorcycle And EV Cryptocurrency Response

Date : 07/12/2018 @ 7:00PM
Source :InvestorsHub NewsWire
Stock : Alternet Systems, Inc. (PC) (ALYI)
Quote : 0.0175  -0.0004 (-2.23%) @ 2:51PM

Alternet Systems ReVolt Motorcycle And EV Cryptocurrency Response

Alternet Systems ReVolt Motorcycle And EV Cryptocurrency Response

Dallas, TX -- July 12, 2018 -- InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC: ALYI) on Tuesday this week, published an update on the company’s ReVolt Electric Motorbike subsidiary and other ongoing clean energy business initiatives.  The update included the introduction of a concept cryptocurrency backed electric vehicle (EV) purchase finance and leasing capability (see below).  We encouraged shareholders to tell us what they think by contacting us at Your responses so far have been helpful in both the consideration of the concept finance and leasing capability as well as the ongoing development of ReVolt Electric Motorbikes.  We are delighted by the number of responses from motorcycle enthusiasts. We’ve received a number of pre-order requests for the retro-classic WWII era designed electric motorcycle with sidecar.  The feedback is an early indication that we’ve got a product on the way that will be well received.  We received some very passionate responses in regard to the cryptocurrency backed EV purchase finance and leasing capability.  Most of the responses are in support of the concept.  Some include prudent cautionary warnings in light of the prevailing controversy surrounding cryptocurrencies.  We must also acknowledge that a few of the passionate responses were adamantly opposed to the concept.  We are encouraging more people to respond and let us know what you think.  Below is a link to the July 10th update with the ReVolt progress details and the cryptocurrency backed EV purchase finance and leasing concept.  An excerpt from the July 10th update regarding the cryptocurrency backed EV purchase finance and leasing concept is included below.

Next week, the company will release a communication with responses to questions received about the ReVolt.  We’re working to get some pictures of the bikes in the pilot process to include in the upcoming communication.  In a separate communication, we’ll summarize the responses to the cryptocurrency backed EV purchase finance and leasing concept and share more of management’s thinking on the consideration of the concept.


Cryptocurrency Backed EV Purchase Finance And Lease Capability Concept

“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:

Learn more on the company's website:

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
1 800 713 0297


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