ALYI Stands Out Among Electric Vehicle IPOs and SPACs
August 31 2020 - 10:32AM
InvestorsHub NewsWire
Dallas, TX -- August 31, 2020 --
InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC:
ALYI) today highlighted its innovative fundraising approach for
its innovative electric vehicle EV solution. While a herd of
companies pursue traditional IPOs and SPAC mergers, ALYI stands out
in the EV fundraising market with its cryptocurrency
strategy.
ALYI’s funding partner, RevoltTOKEN
(www.revolttoken.com) will present a comprehensive
update this Wednesday, September 2, 2020 on the $100 million
transaction intended to fund ALYI’s electric mobility
business. RevoltTOKEN has just secured the last key component
necessary to proceed with the funding
transaction.
RevoltTOKEN has
already partitioned a cryptocurrency on the Ethereum Blockchain in
advance of the planned ICO.
ALYI has entered
into a comprehensive funding agreement with RevoltTOKEN that
includes an existing $25 million first tranche investment
commitment at $0.05 per share. ALYI has initiated a $2.5
million draw down on the first $25 million to begin construction on
a 100-acre facility in Africa. Overall, RevoltTOKEN intends
to invest $100 million in ALYI in conjunction with an
independent initial cryptocurrency offering
(ICO).
In addition to featuring the key component
now in place, the presentation will include an overall update on
progress toward the launch of the RevoltTOKEN initial
cryptocurrency offering (ICO). Based on both individual investor
and institutional investor response, the presentation will
specifically include an overview on how the $100 million funding
target could well be exceeded.
For more
information and to stay up to date on ALYI’s latest developments ,
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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