ALYI Announces Late Breaking Developments Improving $20 Million Order Prospects
April 09 2019 - 7:50AM
InvestorsHub NewsWire
ALYI Announces Late Breaking
Developments Improving $20 Million Order Prospects
DALLAS, TX --
April 9, 2019 -- InvestorsHub NewsWire -- Alternet Systems, Inc.
(USOTC:
ALYI) (“ALYI”) management is currently in Kenya meeting
potential partners and touring facilities to possibly open an
assembly plant to complete manufacturing in Africa for ReVolt
Electric Motorcycles to be sold across the African
continent. The meetings in Kenya are being held in conjunction
with a deal under development that would include an 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 this week’s meetings. ALYI management has set plans
for this Friday, April 12th to publish from Kenya an
out-brief summarizing the details of this week’s meetings and the
status of the overall deal that would include the $20 million
order. Now in the second day of meetings in Kenya, management
is pleased to announce a separate but related agreement expected to
be signed today that will substantially enhance and improve ALYI’s
prospects in signing the $20 million order. The agreement
anticipated today is an electric vehicle industry opportunity
expected to contribute substantially to the ongoing advance
electric vehicle technology market wide. ALYI could
potentially play a major role in what could become an electric
vehicle institution.
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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