ALYI Electric Vehicle Strategy Stands Out Among Industry Contenders

Dallas, Texas--(Newsfile Corp. - July 13, 2020) - Alternet Systems, Inc. (OTC Pink: ALYI) is an innovative electric vehicle company with a differentiated focused on the African market. ALYI CEO, Dr. Randell Torno, contends that the immediate opportunity for electric powered transportation growth in Africa by far exceeds the electric powered transportation opportunity anywhere else in the world and that the electric mobility technology innovations that will be developed for Africa will ultimately form the foundation of commercial electric powered transportation everywhere. In short, Africa is the global proving ground for electric powered transportation.

ALYI recently announced initiating a design and engineering phase of a development to construct facilities covering approximately 100 acres that will be required to host the intended anchor event at the company's annual electric mobility conference and symposium in Africa. The company recently announced a $2.5 million investment deal intended to fund this first phase of the development. The $2.5 million is an advance on a $25 million investment currently committed under a letter of intent. Tomorrow, on Tuesday, July 14, management plans to publish more details on the 100-acre development.

For more information and to stay up to date on the 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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/59643

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