ALYI Schedules $50 Million Africa Strategy Online Presentation Thursday April 18th
April 12 2019 - 3:05PM
InvestorsHub NewsWire
ALYI Schedules $50 Million Africa
Strategy Online Presentation Thursday April 18th
DALLAS, TX --
April 12, 2019 -- InvestorsHub NewsWire -- Alternet Systems,
Inc. (ALYI) (“ALYI”)
today announced an online presentation scheduled next week, on
Thursday, April 18th, 2019 to provide details on the
company’s plan to create over $50 million in value from its African
strategy. The $50 million in value will be a combination of
revenue generation and asset value. Management has been in
Kenya this week working on a combination of business agreements
that are all part of one strategy to advance the company’s electric
vehicle business in Africa. Earlier today, the company
announced the execution of a Letter of Intent (LOI) for a ReVolt
Electric Motorcycle assembly plant in Kenya that includes an
initial $20 million order of 2,000 ReVolt Electric
Motorcycles. The company also announced a second LOI
agreement that leads to a potential contract where ALYI secures a
leadership role in a global electric vehicle institution that is
expected to contribute substantially to the ongoing advance of
electric vehicle technology worldwide. The second LOI would
also lead to substantial revenue generation in addition to the $20
million order for 2,000 ReVolt Electric Motorcycles. Check
back next Thursday, April 18th to learn more about how
the two LOI’s fit into ALYI’s overall plan to create over $50
million in value from its African
strategy.
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.
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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