ALYI - Alternet Systems Enters Lithium Technology Sector With Acquisition Of Lithium IP Holdings
September 12 2017 - 7:38AM
InvestorsHub NewsWire
Dallas, TX – September 17,
2017 – Alternet Systems, Inc., InvestorsHub NewsWire
-- (USOTC: ALYI) today announced the company
has entered the lithium technology sector with the acquisition of
Lithium IP Holdings, a company with a portfolio of patented lithium
battery technologies. On July 11th this year,
Alternet Systems announced exiting the financial services
industry. On July 21st, the Company acquired
Lithium IP Holdings in a transaction that included a management
change in addition to the lithium business direction change.
Randell Torno has been named the new Alternet Systems Chairman and
CEO. Ed Bollen, as the President of Lithium IP Holdings, also
joins the management team. The Company business plan is to
develop partnerships with prominent businesses and agencies to
commercialize its portfolio of lithium technologies while at the
same time continuing to expand the existing portfolio.
The Company has published a preliminary website that includes more
information about the business development strategy and the
management team.
Last year, Alternet Systems had little operational activity while
the former management team explored new business opportunities
having recently sold the Company’s primary financial services
business operation. The financial reports currently available
to the public are stale. The new management team anticipates
having public information disclosures updated and available on the
OTC Markets website later this month. The new management team
furthermore anticipates publishing more information on the
Company’s new website regarding the portfolio of patented lithium
battery technologies and business development efforts underway to
commercialize the patented lithium battery technology.
The Company’s new website:
www.otc-alyi.com or www.lithiumip.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:
https://www.otc-alyi.com/contact/
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