ALYI Opts For EV Road Less Traveled Toward Bigger Potential Payday
02 September 2020 - 2:56AM
ADVFN Crypto NewsWire
Dallas, TX -- September 1, 2020 --
InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC:
ALYI), in advance of a funding release schedule for tomorrow
from its investment partner RevoltTOKEN (www.revolttoken.com), announced today its optimism in
the success of both realizing its $100 million funding object
through RevoltTOKEN’s upcoming ICO, and exceeding far beyond its
initial $300 million African electric mobility sales
goals.
ALYI management highlighted today that
most other notable electric vehicle (EV) companies are pursuing
IPOs and SPACS to fund their business
plans.
Statista reports, “The share of U.S. companies that
were profitable after their
IPO has been falling
since a decade high of 81 percent in 2009. In 2018, this figure had
dropped to only 28 percent, which may spell bad news for this form
of raising capital.”
Investopedia reports that the SPAC market
in 2019 was $13.6 billion. Statista reports the ICO
market in 2019 was $14.8 billion.
While one EV company after another
announces a SPAC merger, ALYI, virtually in a field by itself,
pursues the larger and growing ICO
market.
While ALYI management is pursuing an
investment road less traveled, the investment market trends
indicate ALYI’s path is taking the company in a promising
direction.
ALYI’s investment strategy is consistent
with its market sector development strategy. While most EV
companies pursue the replacement of existing internal combustion
engine powered vehicles within developed economies, ALYI is
focusing on bringing technology leapfrog EV solutions to developing
economic regions where adequate existing per capita transportation
solutions are not yet in place and have dramatic room for growth.
ALYI intends to feature a news release
tomorrow, September 2, 2020, from its funding partner, RevoltTOKEN
(www.revolttoken.com). RevoltTOKEN has recently
secured what it refers to as “the last key component” necessary to
proceed with a $100 million investment transaction to fund ALYI’s
$300 million electric mobility initiative in Africa that could soon
be a $500 million initiative.
ALYI has entered
into a comprehensive funding agreement with RevoltTOKEN that
includes an existing $25 million first tranche investment
commitment at $0.05 per share. ALYI has initiated a $2.5
million draw down on the first $25 million to begin construction on
a 100-acre facility in Africa. Overall, RevoltTOKEN intends
to invest $100 million in ALYI in conjunction with an
independent initial cryptocurrency offering
(ICO).
RevoltTOKEN has
already partitioned a cryptocurrency on the Ethereum Blockchain in
advance of the planned ICO.
ALYI’s funding partner, RevoltTOKEN
(www.revolttoken.com) will present a comprehensive
update tomorrow, Wednesday, September 2, 2020 on the $100 million
transaction intended to fund ALYI’s electric mobility
business. In addition to featuring the key component now in
place, the presentation will include an overall update on progress
toward the launch of the RevoltTOKEN initial cryptocurrency
offering (ICO). Based on both individual investor and institutional
investor response, the presentation will specifically include an
overview on how the $100 million funding target could well be
exceeded.
For more
information and to stay up to date on ALYI’s latest developments ,
please visit: https://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
Alternet Systems (CE) (USOTC:ALYI)
Historical Stock Chart
From Mar 2024 to Apr 2024
Alternet Systems (CE) (USOTC:ALYI)
Historical Stock Chart
From Apr 2023 to Apr 2024
Real-Time news about Alternet Systems Inc New (CE) (OTCMarkets): 0 recent articles
More Alternet Systems Inc New (PK) News Articles