ALYI Goes Ford v Ferrari In Its Own Electric Way
August 21 2020 - 10:16AM
InvestorsHub NewsWire
Dallas, TX -- August 21, 2020 --
InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC:
ALYI) today revealed its long-term strategy to enter into
electric vehicle (EV) international racing. An EV racing
initiative has been underway at ALYI for two years and in the
coming weeks, the company expects to make details of the initiative
public.
ALYI management emphasis that it is not
inventing a new strategy with its entry into EV racing.
Automobile manufacturers have participated in racing for over 100
years to advance automobile technology and build brand
recognition. ALYI’s EV racing objective is just that – to
advance EV technology and build ALYI brand recognition. And
while the company may not be inventing the racing strategy, look
for ALYI to introduce some innovative new
twists.
The movie Ford v Ferrari staring Matt
Damon and Christian Bale as auto engineer Carol Shelby and race
driver Ken Miles is a notable recent example of how racing
contributes to technological advances and
branding.
ALYI expects to be in production by year
end on its first electric vehicle. The company has electric
vehicle agreements anticipated to generate $300 million in
revenue. ALYI has a long-term strategy to introduce a line of
electric vehicles starting with the ReVolt Electric Motorcycle
targeted for fleet deployment into the African Ride-Share
market.
For more
information and to stay up to date on ALYI’s latest developments ,
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
Alternet Systems (CE) (USOTC:ALYI)
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