ALYI News OUT!
Dallas, Texas--(Newsfile Corp. - July 13, 2020) - Alternet Systems, Inc. (OTC Pink: ALYI) is an innovative electric vehicle company with a differentiated focused on the African market. 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.
ALYI recently announced initiating a design and engineering phase of a development to construct facilities covering approximately 100 acres that will be required to host the intended anchor event at the company's annual electric mobility conference and symposium in Africa. The company recently announced a $2.5 million investment deal intended to fund this first phase of the development. The $2.5 million is an advance on a $25 million investment currently committed under a letter of intent. Tomorrow, on Tuesday, July 14, management plans to publish more details on the 100-acre development.
Dallas, Texas--(Newsfile Corp. - July 13, 2020) - Alternet Systems, Inc. (OTC Pink: ALYI) is an innovative electric vehicle company with a differentiated focused on the African market. 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.
ALYI recently announced initiating a design and engineering phase of a development to construct facilities covering approximately 100 acres that will be required to host the intended anchor event at the company's annual electric mobility conference and symposium in Africa. The company recently announced a $2.5 million investment deal intended to fund this first phase of the development. The $2.5 million is an advance on a $25 million investment currently committed under a letter of intent. Tomorrow, on Tuesday, July 14, management plans to publish more details on the 100-acre development.
