ALYI Awesome News Out! PR Newswire DALLAS,
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Posted On: 07/07/2020 11:29:59 AM
ALYI Awesome News Out!
PR Newswire
DALLAS, July 7, 2020
DALLAS, July 7, 2020 /PRNewswire/ -- Alternet Systems, Inc. (USOTC: ALYI) today confirmed a $2.5 million prefunding deal in conjunction with a recently announced $25 million first tranche investment at a $50 million enterprise valuation that is anticipated to close within the next 90 days (see more investment details below). The $2.5 million confirmation is made in conjunction with the company yesterday initiating a construction design and engineering engagement that will lead to the development of facilities to host the brand name anchor event to the company's annual electric mobility conference and symposium.
ALYI's $300 Million Sustainable Electric Vehicle Ride-Share Initiative
The electric mobility conference and symposium is one component of ALYI's overall $300 million initiative to introduce electric motorcycles to the ride-share market in Africa. Motorcycles are already widely utilized in the African taxi market and Uber has recently identified motorcycles as growth sector within the ride-share market. ALYI has already designed and piloted a rugged electric motorcycle with side car for the African ride-share market and expects to be in production by year end. The annual electric mobility conference and symposium is designed to both support the overall electric mobility industry in Africa as well as directly facilitating ALYI's overall growth and expansion into new electric mobility sectors. At the same time, ALYI's electric mobility conference and symposium will generate revenue and contribute to earnings.
Management today highlighted the overall electric vehicle ride share market that surrounds ALYI's efforts and is in turn contributing to the acceleration of ALYI's business model.
Tesla closed at another record high yesterday and is now valued more than GM, Ford and Chrysler -- "Tesla Is Now the Most Valuable U.S. Car Maker of All Time." Even as Uber and Lyft disrupt the transportation sector with the advent of the ride-share model, a new player is now disrupting Uber and Lyft's market dominance. Facedrive has added carbon offsetting to the ride-share model.
ALYI is at the forefront of the sustainable electric vehicle ride-share paradigm shift and management believes ALYI's own sector disrupting differentiators will soon become evident.
PR Newswire
DALLAS, July 7, 2020
DALLAS, July 7, 2020 /PRNewswire/ -- Alternet Systems, Inc. (USOTC: ALYI) today confirmed a $2.5 million prefunding deal in conjunction with a recently announced $25 million first tranche investment at a $50 million enterprise valuation that is anticipated to close within the next 90 days (see more investment details below). The $2.5 million confirmation is made in conjunction with the company yesterday initiating a construction design and engineering engagement that will lead to the development of facilities to host the brand name anchor event to the company's annual electric mobility conference and symposium.
ALYI's $300 Million Sustainable Electric Vehicle Ride-Share Initiative
The electric mobility conference and symposium is one component of ALYI's overall $300 million initiative to introduce electric motorcycles to the ride-share market in Africa. Motorcycles are already widely utilized in the African taxi market and Uber has recently identified motorcycles as growth sector within the ride-share market. ALYI has already designed and piloted a rugged electric motorcycle with side car for the African ride-share market and expects to be in production by year end. The annual electric mobility conference and symposium is designed to both support the overall electric mobility industry in Africa as well as directly facilitating ALYI's overall growth and expansion into new electric mobility sectors. At the same time, ALYI's electric mobility conference and symposium will generate revenue and contribute to earnings.
Management today highlighted the overall electric vehicle ride share market that surrounds ALYI's efforts and is in turn contributing to the acceleration of ALYI's business model.
Tesla closed at another record high yesterday and is now valued more than GM, Ford and Chrysler -- "Tesla Is Now the Most Valuable U.S. Car Maker of All Time." Even as Uber and Lyft disrupt the transportation sector with the advent of the ride-share model, a new player is now disrupting Uber and Lyft's market dominance. Facedrive has added carbon offsetting to the ride-share model.
ALYI is at the forefront of the sustainable electric vehicle ride-share paradigm shift and management believes ALYI's own sector disrupting differentiators will soon become evident.
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