ALYI Announces Final Cryptocurrency Strategy Survey Results Scheduled For Release Next Week
January 08 2020 - 9:16AM
InvestorsHub NewsWire
ALYI Announces Final Cryptocurrency
Strategy Survey Results Scheduled For Release Next Week
Dallas, TX --
January 8, 2020 -- InvestorsHub NewsWire -- Alternet Systems, Inc.
(USOTC:
ALYI) today announced Goldman Small Cap Research has scheduled
next Tuesday, January 14, 2020 to release the final, comprehensive
results of its survey on ALYI’s African Cryptocurrency fund raising
strategy. Goldman published the initial results last month on
December 5, 2019. The results were favorable and reflected a
jump in crypto strategies in reaction to Twitter and Square CEO
Jack Dorsey plans to move to Africa in order to advance a crypto
strategy. Based on the initial survey results, on December 5,
2019, Goldman Small Cap Research reiterated a Speculative Buy and
$0.09 price per share target for the shares of
ALYI.
ALYI African Crypto
Strategy Highlights
The firm, 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. ALYI has partnered with IW Global and ALYI’s
production and marketing partners in Kenya to 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
existing $300 million in electric vehicle
projects.
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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