ALYI - Alternet Funding Synced With Electric Vehicle Ride-Share Sector Breakout
Dallas, Texas--(Newsfile Corp. - July 7, 2020) - Alternet Systems, Inc. (OTC Pink: ALYI) today confirmed a $2.5 million prefunding deal in conjunction with a recently announced $25 million first tranche investment at a $50 million enterprise valuation that is anticipated to close within the next 90 days (see more investment details below). The $2.5 million confirmation is made in conjunction with the company yesterday initiating a construction design and engineering engagement that will lead...
2020-07-07 2:23 PM EDT
ALYI - Alternet African Electric Mobility Vision Now Coming Into Focus
Dallas, Texas--(Newsfile Corp. - July 1, 2020) - Alternet Systems, Inc. (OTC Pink: ALYI) today announced the company will receive up to $2.5 million in advance of a $25 million first tranche investment agreement currently committed under a letter of intent (LOI). ALYI yesterday announced executing a letter of intent (LOI) for a $25 million first tranche investment at in advance of a planned initial coin offering (ICO) to fund ALYI's $300 million electric mobility initiative in Africa. In...
2020-07-01 2:18 PM EDT
ALYI EV Strategy Benefits From Industry Momentum
Dallas, Texas--(Newsfile Corp. - June 30, 2020) - Alternet Systems, Inc. (OTC Pink: ALYI) management today highlighted recent electric vehicle (EV) industry momentum in conjunction with ALYI's own notable and substantial progress. ALYI management points out that overall industry progress brings attention to how ALYI learns from industry readily recognized participants such as Tesla and correspondingly implements a strategy to differentiate itself and seize market segments separate from those...
2020-06-30 11:49 AM EDT
ALYI - Alternet Confirms Investment Schedule And $50 Million Valuation
Dallas, Texas--(Newsfile Corp. - June 29, 2020) - Alternet Systems, Inc. (OTC Pink: ALYI) today confirmed the company is scheduled to finalize terms and execute a letter of intent (LOI) for a $25 million first tranche investment to fund ALYI's $300 million electric mobility initiative in Africa. The LOI is scheduled to be finalized and executed by end of business today with an announcement to be released pre-market tomorrow. The company further confirmed the LOI for the $25 million first...
2020-06-29 10:25 AM EDT
ALYI - Alternet Systems Announces Anticipated $25 Million Investment At Approximate $50 Million Valuation
Dallas, Texas--(Newsfile Corp. - June 23, 2020) - Alternet Systems, Inc. (OTC Pink: ALYI) today published a management update with details on the structure of the anticipated $25 million first tranche investment to fund ALYI's $300 million electric mobility initiative in Africa. ALYI last week announced drafting a letter of intent (LOI) with its funding partner delineating terms for an initial $25 million first tranche investment. Management expects to have the LOI finalized by the end of...
2020-06-23 12:20 PM EDT
ALYI Management Update Detailing $25 Million Anticipated First Tranche Investment Scheduled for Tomorrow
Dallas, Texas--(Newsfile Corp. - June 22, 2020) - Alternet Systems, Inc. (OTC Pink: ALYI) today announced a management update scheduled for tomorrow, Tuesday, June 23, 2020. The purpose of the update is to present details on the structure of the anticipated $25 million first tranche investment to fund ALYI's $300 million electric mobility initiative in Africa. ALYI last week announced drafting a letter of intent (LOI) with its funding partner delineating terms for an initial $25 million first...
2020-06-22 1:46 PM EDT
ALYI - Alternet Drafts LOI To Receive $25 Million First Tranche
Dallas, Texas--(Newsfile Corp. - June 18, 2020) - Alternet Systems, Inc. (OTC Pink: ALYI) today announced drafting a letter of intent (LOI) with its funding partner delineating terms for an initial $25 million first tranche investment to fund ALYI's $300 million electric mobility initiative in Africa. Management expects to have the LOI finalized by the end of June. ALYI has an overall $300 million comprehensive electric vehicle strategy in Africa founded on initially launching the commercial...
2020-06-18 1:27 PM EDT
ALYI Electric Vehicle Strategy Affirmed by Volkswagen $2.3 B Investment in China
Dallas, Texas--(Newsfile Corp. - May 29, 2020) - Alternet Systems, Inc. (OTC Pink: ALYI) today highlighted the Volkswagen announcement featuring a $2.3 billion investment in the electric vehicle market in China as a parallel strategy affirming ALYI's efforts in Africa. In a recently published ALYI update (republished below), management confirmed its $300 million African electric mobility project remains on track and to date, has not been impacted by the Covid-19 pandemic. The ALYI update was...
2020-05-29 1:46 PM EDT
ALYI Financial Reports Demonstrate Sustainability; Pending ICO Could Be Bigger Than Anticipated
Dallas, Texas--(Newsfile Corp. - May 27, 2020) - Alternet Systems, Inc. (OTC Pink: ALYI) today released a management update to coincide with the recent publishing of its Q1 2020 financial report and 2019 annual financial report. Both reports show the company's base revenue has not been impacted by the Covid-19 pandemic. The management update below includes confirmation of management's confidence that the base revenue will continue throughout Q2 and Q3. ALYI management further confirms that...
2020-05-27 11:38 AM EDT
ALYI Publishes Q1 2020 Financial RPT And Schedules Mgmt. Update To Include 2020 Outlook
Dallas, Texas--(Newsfile Corp. - May 21, 2020) - Alternet Systems, Inc. (OTC Pink: ALYI) today announced publishing its Q1 2020 financial report. The company also published its 2019 annual financial report. Both reports show the company's base revenue has not been impacted by the Covid-19 pandemic. ALYI management further confirms that its $300 million African electric mobility project also remains on track and to date, has not been impacted by the Covid-19 pandemic. Management has scheduled...
2020-05-21 12:05 PM EDT
ALYI $100 Million African Electric Vehicle Financing Initiative Moves Forward
Dallas, Texas--(Newsfile Corp. - February 3, 2020) - Alternet Systems, Inc. (OTC Pink: ALYI) today reported on its meetings in Malta last week with local legal representatives, crypto strategy experts and African electric vehicle partners to coordinate the launch of new business entity domiciled in Malta. Malta To view an enhanced version of this image, please visit:
2020-02-03 9:09 AM EST
ALYI Outlook Following British Prime Minister Boris Johnson Summit and Recent Malta Conference to Be Topic of Management Update on Monday
Dallas, Texas--(Newsfile Corp. - January 31, 2020) - Alternet Systems, Inc. (OTC Pink: ALYI) today confirmed a management update scheduled for release next week on Monday, February 3rd. The company yesterday highlighted the recent UK-African summit held last week in London where British Prime Minister Boris Johnson hosted leaders form 21 African countries and 27 deals were signed worth an estimated $8.5 billion. The Monday update will illustrate what this means for ALYI's $300 million African...
2020-01-31 10:54 AM EST
ALYI Confirms African Electric Vehicle $100 Million Financing Update
Dallas, Texas--(Newsfile Corp. - January 29, 2020) - Alternet Systems, Inc. (OTC Pink: ALYI) today confirmed company plans to release on Monday, February 2nd, 2020 a summary of the meetings in Malta this week with local legal representatives, crypto strategy experts and African electric vehicle partners to coordinate the launch of new business entity domiciled in Malta. The new Malta business is the target organization intended to launch a $100 million initial coin offering (ICO) to fund...
2020-01-29 10:07 AM EST
ALYI Crypto Strategy Boosted by Facebook Cryptocurrency Initiative Awareness with 80% of Respondents Open to ALYI Led Offering
Dallas, Texas--(Newsfile Corp. - January 14, 2020) - Alternet Systems, Inc. (OTC Pink: ALYI) today announced Goldman Small Cap Research has published the final results of a survey conducted to evaluate the company's cryptocurrency fund raising strategy. Goldman reports that the survey outcome "bodes extremely well for the Company, its stock, and the planned crypto offering." The survey results demonstrate the limited market awareness and understanding of cryptocurrency strategies in general...
2020-01-14 10:05 AM EST
ALYI Announces Final Cryptocurrency Strategy Survey Results Scheduled For Release Next Week
Dallas, Texas--(Newsfile Corp. - January 8, 2020) - Alternet Systems, Inc. (OTC Pink: 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's plans to...
2020-01-08 8:50 AM EST
ALYI - Alternet Systems Confirms Thursday London Update
Dallas, Texas--(Newsfile Corp. - December 17, 2019) - Alternet Systems, Inc. (OTC Pink: ALYI) today confirmed an update scheduled for Thursday this week, December 19th, 2019 to review the outcome of the upcoming strategic meetings in London going on now. The company CEO, Randell Torno is in London to advance a developing opportunity anticipated to bring global attention to ALYI's electric vehicle initiative in Africa. The opportunity out of London has been in the works for months and ALYI...
2019-12-17 10:06 AM EST
ALYI - Alternet Systems Announces Strategic London Meeting To Advance African Electric Vehicle Initiative
Dallas, Texas--(Newsfile Corp. - December 6, 2019) - Alternet Systems, Inc. (OTC Pink: 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...
2019-12-06 9:51 AM EST
ALYI Announces Crypto Survey Results And $0.09 PPS Target From Goldman Small Cap Research With Twitter And Square Crypto Reactions
Dallas, Texas--(Newsfile Corp. - December 5, 2019) - Alternet Systems, Inc. (OTC Pink: ALYI) today announced that Goldman Small Cap Research has published the initial results from a survey intended to validate and provide guidance on ALYI's African Crypto Strategy (more below on ALYI Crypto Strategy). The results are favorable and reflect a recent 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 (more...
2019-12-05 8:51 AM EST
ALYI - Alternet Systems Highlights African Crypto Strategy After Twitter and Square CEO Plans Move To Africa
Dallas, Texas--(Newsfile Corp. - December 3, 2019) - Alternet Systems, Inc. (OTC Pink: ALYI) today highlighted its ongoing African Crypto Strategy after Twitter and Square CEO Jack Dorsey announced plans to move to Africa. Mr. Dorsey, the CEO of both companies has already been in Nigeria for a month meeting with crypto entrepreneurs. Dorsey has Tweeted about cryptocurrency and Square has launched a crypto division. A CNBC article reporting on Dorsey's plans include some analysts' outlooks:...
2019-12-03 11:48 AM EST
ALYI - Alternet Systems Hemp Electric Vehicle Developments Remain Center Stage
Dallas, Texas--(Newsfile Corp. - December 2, 2019) - Alternet Systems, Inc. (OTC Pink: ALYI) today announced that its ongoing hemp battery and hemp auto body development initiatives are included in the company's plans to establish a major electric vehicle research and production facility in Africa. 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...
2019-12-02 12:18 PM EST