ALYI - Alternet Systems Confirms EV Brand Name Rumors
November 06 2019 - 2:26PM
InvestorsHub NewsWire
Dallas, TX
-- November 6, 2019 -- InvestorsHub NewsWire -- Alternet
Systems, Inc. (USOTC:
ALYI) today confirmed the company has received questions
regarding business developments with a brand name company
pertaining to ALYI’s electric vehicle projects in Africa. In
reaction to recent questions the company has received regarding a
deal signed with a major electric vehicle brand involving a new
project in Africa, ALYI management released the following
statement: “Alternet Systems believes in and is committed to its
electric vehicle initiative in Africa. Accordingly, we are
enthusiastically developing resources to advance and expand upon
our electric vehicle initiative in Africa. Our efforts to
develop resources absolutely includes engaging with major brand
names in the global electric vehicle market. We have made
inroads with one major brand name in particular and anticipate
making a joint announcement soon. Until then, we are not at
liberty to comment on the specific organization nor any details
regarding the nature of the potential
agreement.”
ALYI is developing
$300 million in electric vehicle projects in Africa targeting the
shared ride market. The company has signed orders to produce
in Africa, electric motorcycles with a side car initially for
shared ride providers in Kenya. The company successfully
passed an electric motorcycle prototype testing milestone recently
and anticipates having its production design pilot motorcycle
completed any day. ALYI has also recently announced a $100
million cryptocurrency investment strategy targeted at expanding
beyond the company’s existing $300 million in electric vehicle
projects in Africa.
For more information,
please visit: http://www.alternetsystemsinc.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.
Alternet Systems, Inc.
Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297
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