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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