ALYI Confirms African Electric Vehicle Plant And $20 Million Order Out-Brief Presentation This Friday
April 09 2019 - 3:07PM
InvestorsHub NewsWire
ALYI Confirms African Electric
Vehicle Plant And $20 Million Order Out-Brief Presentation This
Friday
Dallas, TX --
April 9, 2019 -- InvestorsHub NewsWire -- Alternet Systems,
Inc. (ALYI) (“ALYI”)
today confirmed a scheduled a management out-brief presentation
this Friday, April 12th to be publish from Kenya
summarizing the details of this week’s meetings and the status of
the overall deal management is developing that would include a $20
million order. Management is currently in Kenya meeting
potential partners and touring facilities to possibly open an
assembly plant to complete manufacturing in Africa for ReVolt
Electric Motorcycles to be sold across the African
continent. The meetings in Kenya are being held in conjunction
with a deal under development that would include an order for two
thousand ReVolt Electric Motorcycles which would total $20 million
in sales. ALYI has already signed $1.5 million in confirmed
orders for its ReVolt Electric Motorcycles to be delivered in
Kenya. The presentation will also include new developments in
Kenya sperate from but related to the agreement that could result
in a $20 million order. The new developments, which were
announced in a separate press release earlier today, pertain to an
electric vehicle industry opportunity expected to contribute
substantially to the ongoing advance of electric vehicle technology
market-wide. ALYI could potentially play a major role in what
could become an electric vehicle
institution.
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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