ALYI Announces Electric Vehicle $100 Million ICO Coming Soon
18 July 2020 - 12:01AM
ADVFN Crypto NewsWire
Dallas, TX -- July 17, 2020 --
InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC:
ALYI) today announced an online presentation to be published
next week on Thursday, July 23, 2020 to detail the coming initial
coin offering intended to back ALYI’s electric vehicle strategy in
Africa.
From its
founding in patented lithium technology commercialization, ALYI has
evolved into an innovative electric vehicle company with an
initial $300 million electric mobility initiative
in Africa designed to rapidly expand beyond the
initial $300 million scope. The $300
million initiative includes a key customer for ALYI's Revolt
Electric Motorcycle, and a comprehensive annual electric mobility
event designed to both fuel the branding and marketing of ALYI's
current and future electric vehicles in addition to serving as a
catalyst in the development of all ALYI's future electric mobility
solutions.
ALYI's Revolt
Electric Motorcycle is a rugged design that has now endured two
rounds of prototyping and testing and is ready for
production. The Revolt Electric Motorcycle will be
manufactured in Kenya initially for the Kenyan ride-share
market. Motorcycles are already widely accepted and in use as
taxi's in Africa.
The branding and
marketing for ALYI's current and future electric mobility solutions
will be built on the company gaining recognition for its annual
electric mobility conference and symposium that includes an already
branded anchor event. The anchor event is part of an existing
and well established $6 billion industry. The annual
electric mobility conference and symposium and anchor event is
expected to contribute significantly to both ALYI's top and bottom
line, in addition to providing a catalyst to the development of
future ALYI mobility
solutions.
On June 30,
2020 ALYI entered into a letter of intent (LOI) for a $25
million first tranche investment to fund
ALYI's overall $300 million electric mobility
initiative in Africa.
The planned ALYI
investment is one component of the investor's overall $100
million initial cryptocurrency offering (ICO)
strategy. The investor is independently launching an ICO
dedicated to funding ALYI's overall $300 million electric
mobility project in Africa with future plans to fund
additional electric mobility initiatives in Africa. The
investor has already partitioned a cryptocurrency on the Ethereum
Blockchain in advance of the planned
ICO.
Next week on
Thursday, July 23rd, the investor will publish an online
presentation detailing the upcoming ICO’s overall strategy to fund
an environmentally sustainable, electric mobility initiative in
Africa that economically benefits local African markets while
providing those purchasing the cryptocurrency multiple incentives
and economic benefits.
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
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