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ALYI Secures Investment Partner For African Electric Vehicle Assembly Plant With $20 Million Initial Order

By GlobeNewswire,  June 13, 2019, 09:55:00 AM EDT


DALLAS, June 13, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Alternet Systems, Inc. (OTC:ALYI) ("ALYI") today announced securing an investment partner to back a planned assembly plant in Kenya to produce ALYI's ReVolt Electric Motorcycles to be sold across the African continent.  The deal to build the manufacturing opportunity includes an initial order for two thousand ReVolt Electric Motorcycles which would total $20 million in sales.  ALYI has already signed $1.5 million in confirmed orders for its ReVolt Electric Motorcycles to be delivered in Kenya.

ALYI is focused on offering varied, environmentally sustainable, energy storage solutions for targeted markets, including consumer electric vehicles and military applications. The first product category is lithium battery-powered motorcycles, to be followed by motorbikes. ALYI also has an ongoing hemp energy storage initiative leading its current efforts to introduce an alternative to lithium batteries.

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.

For more information, please visit: http://www.alternetsystemsinc.com

Alternet Systems, Inc. Contact:

Randell Torno

info@lithiumip.com

+1-800-713-0297

Source: Alternet Systems, Inc.

This article appears in: News Headlines

Referenced Stocks: ALYI










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