ALYI - Alternet Systems Confirms Goldman Small Cap Research Cryptocurrency Survey
November 29 2019 - 3:37PM
InvestorsHub NewsWire
Dallas, TX
-- November 29, 2019 -- InvestorsHub NewsWire -- Alternet
Systems, Inc. (USOTC:
ALYI) today confimred that it next week
anticipates Goldman Small Cap
Research issuing its
initial results from a consumer acceptance cryptocurrency survey
intended to measure the viability of a strategy to raise $100
million to expand ALYI’s African electric vehicle strategy and to
correspondingly refine the strategy in response to the survey
results.
ALYI has
initiated and continues to develop $300 million in electric vehicle
projects in Africa targeting the shared ride market. Through
a partnership, ALYI has recently announced a cryptocurrency finance
initiative intended to dramatically expand its electric vehicle
developments in Africa.
ALYI management
maintains that Africa holds higher potential for eclectic vehicle
sector growth than any other region within the global electric
vehicle market anticipated to reach over
$550 billion
by 2025. Africa
is urbanizing at a rate that exceeds twice the global
average. Car ownership in Africa is extremely low at
only 2% per
capita compared to 70%
in the U.S. and 50% in Europe leaving tremendous room for
growth. Shared riding has been a custom in Africa long-before
phone apps made the rest of the world aware of the shared ride
market. ALYI is betting on the rapid adoption of electric
vehicles for the shared ride market in Africa and positioning to be
the leader in the field of manufacturing electric vehicles for the
African shared ride market.
ALYI has
initiated and continues to develop $300 million in electric vehicle
projects 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.
IW Global
(www.IW-Global.com)
has proposed launching and managing an Initial Coin Offering (ICO)
on ALYI’s behalf specifically targeted at raising $100 million to
fund infrastructure for electric vehicle production in
Africa. IW Global, a well-established technology firm with a
wide breadth of experience spanning projects for NASA and more has
recently implemented multiple blockchain solutions, has proposed
launching and managing an Initial Coin Offering (ICO) on ALYI’s
behalf specifically targeted at raising $100 million to fund
infrastructure for electric vehicle production in
Africa.
ALYI and IW
Global have formulated a plan whereby, ALYI’s production and
marketing partners in Kenya will form a new company (NewCo) with
the specific focus of building a new, state of the art electric
vehicle production plant. This NewCo will be a separate
company apart from ALYI but exclusively contracted by ALYI for
producing ALYI designed vehicles. The NewCo is the business
entity that would initiate the proposed ICO. The funds would
be dedicated to 1. Building the plant and 2. Funding the production
of ALYI’s vehicles. A successful ICO would permit ALYI to
substantially accelerate and expand upon its initial $300 million
in existing electric vehicle
projects.
ALYI has engaged
legal counsel to ensure the cryptocurrency launch would be executed
in compliance with prevailing regulatory
guidelines.
ALYI has engaged
Goldman Small Cap Research to conduct a survey with first time and
experienced cryptocurrency investors in conjunction with a
potential $100 million initial coin offering (ICO) that would
provide strategic financing to fund a major expansion of the
company’s electric vehicle
developments.
Ethereum is the
proposed underling platform for the ALYI cryptocurrency
launch.
The Ethereum
platform and blockchain is the most reliable existing blockchain
and is supported by the Ethereum Foundation, based in Zug,
Switzerland and the Ethereum Enterprise Alliance based in the USA
with members like Microsoft, Intel, Mastercard, UBS, BBVA, Banco
Santander, among others. IW Global is experienced with
Ethereum and has launched previous cryptocurrencies build on the
Ethereum platform.
ALYI with its
partners, plan to soon announce a new company in Kenya that will be
the target of investment and building a state-of-the-art electric
vehicle research and development and production center. A
separate business entity for managing the sale of cryptocurrency to
fund the Kenyan business will be established within a European
venue. A website on the overall initiative is planned
to soon be launched. The website will include a whitepaper on
the African electric vehicle development
cryptocurrency.
ALYI management
plans to publish continued progress reports as the ICO strategy
develops.
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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