ALYI - Alternet receives advance for African mobility initiative
03 July 2020 - 3:59AM
InvestorsHub NewsWire
July 2, 2020 -- InvestorsHub NewsWire -- via Seeking
Alpha
About: Alternet Systems, Inc. (ALYI) |
By: Khyathi Dalal, SA News
Editor
Alternet Systems
(OTCPK:ALYI) announced that the company will receive up
to $2.5M in advance of its $25M first tranche investment
agreement.
Besides, the
company also plans to generate annual revenue from producing an
annual electric mobility conference and symposium that includes a
major brand name anchor event targeted for
Q121.
The first tranche
investment agreement is expected to be completed within the
upcoming 90 days.
SOURCE: Seeking Alpha
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