ALYI - Alternet Systems Q3 Financials Demonstrate Steady Progress
November 25 2019 - 10:22AM
InvestorsHub NewsWire
ALYI – Alternet Systems Q3
Financials Demonstrate Steady Progress
Dallas, TX --
November 25, 2019 -- InvestorsHub NewsWire -- Alternet Systems,
Inc. (USOTC:
ALYI) today highlighted the company’s steady ongoing progress
as highlighted in the most recent periodic financial report
published with OTC Markets for the period ended September 30,
2019. The company maintains an ongoing base consulting
business now well into its second year that supports the company’s
bigger picture electric vehicle development operations that have
evolved from the company’s experience with various emerging energy
storage technologies. The consulting business generating
$240,000 in annual revenue provides both operational synergies and
financial support to ALYI’s long-term eclectic vehicle development
objectives. ALYI has initiated and continues to develop $300
million in electric vehicle projects focused today primarily in
Africa targeting the shared ride market. Through a
partnership, ALYI has recently announced a finance initiative
intended to dramatically expand its electric vehicle developments
in Africa. ALYI last week hosted a kick off meeting in Dallas
with IW Global (www.IW-Global.com), and ALYI’s Kenyan electric
vehicle production partner to raise $100 million to fund
infrastructure for the ongoing production of electric vehicles in
Africa. ALYI plans to publish the latest on the project
tomorrow, Tuesday, November 26,
2019.
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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