ALYI Investment Interest Expands Beyond African Electric Motorcycle Production Plant
May 10 2019 - 11:10AM
InvestorsHub NewsWire
ALYI Investment Interest Expands
Beyond African Electric Motorcycle Production Plant
DALLAS, TX --
May 10, 2019 -- InvestorsHub NewsWire -- Alternet Systems, Inc.
(USOTC:
ALYI) (“ALYI”) today announced
the meeting in London scheduled later this month to negotiate
proposed investment terms for ALYI’s African ReVolt Electric
Motorcycle assembly plant now has an expanded scope. Last
month, ALYI management held key meetings in Kenya in conjunction
with a developing opportunity to open an assembly plant to complete
manufacturing in Africa for ReVolt Electric Motorcycles to be sold
across the African continent. The deal to build the
manufacturing opportunity included an initial 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
prior to last month’s meetings. ALYI management has received
confirmed investment interest in the Kenyan assembly plant
project. With the combination of the physical plant asset and
the initial $20 million order, a potential European investment
group has formally expressed initial investment terms and invited
ALYI management to meet in London later this month for the purpose
of refining the terms into a contract. Today, ALYI management
is disclosing that the investment group has expressed interest in
an even broader investment scope to include funding specific target
acquisitions in ALYI’s acquisition
pipeline.
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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