ALYI Prepares To Host Prospective $100 Million Underwriter
2020年2月13日 - 10:59PM
InvestorsHub NewsWire
ALYI Prepares To Host Prospective
$100 Million Underwriter
DALLAS, TX --
February 13, 2020 -- InvestorsHub NewsWire -- Alternet Systems,
Inc. (USOTC:
ALYI) today announce that the prospective underwriter that has
previously expressed interest in the Company's initiative to
raise $100 million in conjunction with a cryptocurrency
offering has asked to schedule a feasibility study reviewing ALYI’s
overall electric mobility project in Africa that would be funded by
the cryptocurrency offering. ALYI is preparing to host the
prospective underwriter in Kenya where ALYI’s initiative is
currently centered as early as within the next
month.
ALYI is
executing on a project in Africa to produce electric
motorcycles for the shared ride market in Africa. The electric
motorcycle project is a first step of a planned long-term electric
mobility research and development and production cycle. A
target $100 million initial coin offering (ICO) is
intended to accelerate an existing $300 million in
eclectic vehicle projects.
ALYI African Crypto Strategy
Highlights
The firm, IW
Global (www.IW-Global.com) has proposed
launching and managing an Initial Coin Offering (ICO) on ALYI's
behalf specifically targeted at raising $100 million to
fund infrastructure for electric vehicle production in
Africa. ALYI has partnered with IW Global and ALYI's
production and marketing partners in Kenya to form a new
company (NewCo) with the specific focus of building a new, state of
the art electric vehicle production plant. This NewCo will be
a separate company apart from ALYI but exclusively contracted by
ALYI for producing ALYI designed vehicles.The NewCo is the business
entity that would initiate the proposed ICO. The funds would
be dedicated to 1.Building the plant and 2. Funding the production
of ALYI's vehicles. A successful ICO would permit ALYI to
substantially accelerate and expand upon its existing $300
million in electric vehicle
projects.
ALYI Institutional
Commitment
ALYI recently
announced securing institutional commitment to support an annual
African electric mobility technology conference and symposium to
advance the deployment of electric powered transportation solutions
specific to Africa. The focus includes environmental
sustainability but also overall transportation efficiency
applicable to the African transportation infrastructure, economy,
and consumer. 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. In December, Dr. Torno concluded meetings
in London where he secured institutional brand name
commitment that will serve as the anchor event and attraction at
the annual African electric mobility technology conference and
symposium. The planed conference and symposium location
is Nairobi, Kenya.
For more
information, 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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