ALYI - Alternet Systems Announces Strategic London Meeting To Advance African Electric Vehicle Initiative
December 06 2019 - 8:50AM
InvestorsHub NewsWire
ALYI – Alternet Systems Announces
Strategic London Meeting To Advance African Electric Vehicle
Initiative
Dallas, TX --
December 6, 2019 -- InvestorsHub NewsWire -- Alternet Systems, Inc.
(USOTC:
ALYI) today announced the company CEO, Randell Torno will meet
in London the week of December 16th, 2019 to advance a
developing opportunity anticipated to bring global attention to
ALYI’s electric vehicle initiative in Africa if the opportunity can
be fully developed. The opportunity out of London has been in
the works for months and ALYI management considers the upcoming
meetings to be a major watershed event. The next step
following the meetings is anticipated to advance rapidly and to be
the first step where the public will become aware of the full
magnitude of the
opportunity.
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.
To address the
current limits regarding the information so far release pertaining
to the opportunity in London, ALYI is republishing a previously
released statement: “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.”
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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