ALYI Electric Vehicle Strategy Affirmed By Volkswagen $2.3 B Investment In China

Fecha : 29/05/2020 @ 12:34
Fuente :ADVFN Crypto NewsWire
Emisora : Alternet Systems Inc New (PK) (ALYI)
Cotización : 0.0108  -0.0001 (-0.92%) @ 15:00
Alternet Systems (PK) Cotización de acciones Gráfica

ALYI Electric Vehicle Strategy Affirmed By Volkswagen $2.3 B Investment In China

Dallas, TX -- May 29, 2020 -- InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC: ALYI) today highlighted the Volkswagen announcement featuring a $2.3 billion investment in the electric vehicle market in China as a parallel strategy affirming ALYI’s efforts in Africa.  In a recently published ALYI update (republished below), management confirmed its $300 million African electric mobility project remains on track and to date, has not been impacted by the Covid-19 pandemic.  The ALYI update was published in conjunction with the company’s release of its Q1 2020 financial report and 2019 annual financial report.  Again, both reports show the company’s base revenue has not been impacted by the Covid-19 pandemic. 

The management update from May 27, 2020 has been included again here in its entirety below. 

Management Update and 2020 Outlook; Upcoming ICO

ALYI has a sound business strategy designed to sustain itself through an early development stage … even one impacted by the likes of the current Covid-19 pandemic. The company has a recurring consulting operation that carries the expenses of the base operation necessary to execute on the long-term business plan to introduce a paradigm shifting electric mobility business model.  The recent 2019 annual financial report and the subsequent Q1 financial report both demonstrate ALYI’s sustainability.  Now halfway through Q2, management is confident that the Q2 report will demonstrate the same and the company has every reason at this time to believe that Q3 will also be sustainably on track.

Management cautiously reports that the launch of ALYI’s paradigm shifting business model built on $300 million in electric mobility contracts in Africa is also on tract.  With founding electric vehicle designs and prototypes already complete and ready for production, the current development phase involves the upcoming initial coin offering (ICO) to be launched by ALYI’s funding partner.  The ICO is intended to fund ALYI electric vehicle production.

ALYI is well on track with its funding partner for the African electric mobility project. ALYI’s funding partner is optimistic that the Covid-19 impacted markets could benefit the upcoming ICO. The market-wide Q2 financial results coming out in July and August depicting the April and May Covid-19 economic impact could make the electric mobility ICO a standout opportunity. Our funding partner has already partitioned its own cryptocurrency on the Ethereum Blockchain. A pre ICO funding round is ready to launch and ICO details are being finalized. 

For more information and to stay up to date on the latest developments , please visit:

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


Alternet Systems (PK) (USOTC:ALYI)
Gráfica de Acción Histórica

De Jul 2019 a Jul 2020

Haga Click aquí para más Gráficas Alternet Systems (PK).

Alternet Systems (PK) (USOTC:ALYI)
Gráfica de Acción Intradía

Jueves 9 de Julio 2020

Haga Click aquí para más Gráficas Alternet Systems (PK).
Su Consulta Reciente
Fibra Prol..
América Mó..
IPC México
United Sta..
Las acciones que ha visto aparecerán en este recuadro, lo que le permite volver fácilmente a las cotizaciones que ha consultado previamente
Registrarse ahora para crear su lista personalizada de acciones en streaming.

Cotizaciones PLUS están en tiempo real. Cotizaciones NYSE y AMEX están con retraso de por lo menos 20 minutos.
El resto de las cotizaciones están con retraso de por lo menos 15 minutos al menos que se indique lo contrario.

Al acceder a los servicios disponibles de ADVFN usted acepta quedar sujerto a los Términos y Condiciones

P: V:mx D:20200710 04:10:34