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 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.
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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.
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