New York, NY -- November 5, 2019 -- InvestorsHub NewsWire -- via NextBigTicker.com

 


Alternet Systems (ALYI) has seen trading volume skyrocket the last two days with the price edging up in the current session and looking ready to breakout.  ALYI management earlier today addressed questions about a rumor that ALYI has entered into an electric vehicle contract with a major industry brand name:


“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 has seen its PPS slip below a penny in the last weeks but now looks ready to rocket back up over a penny.  ALYI hit a 52-week higher earlier this year reaching over $0.06.  Goldman Small Cap Research recently recommended a Speculative BUY with a target PPS of $0.09.



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.


Other stocks looking to breakout today include Hemp, Inc. (HEMP), China Infrastructure Construction Corporation (CHNC) and Integrated Cannabis Solutions, Inc. (IGPK).

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