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ALYI - Alternet Systems Announces Key Dallas Meeting To Advance $50 Million Agreement

Jul 17, 2019

DALLAS, July 17, Jul 17, 2019 (GLOBE NEWSWIRE via COMTEX News Network) -- via OTC PR WIRE -- Alternet Systems, Inc. (USOTC: ALYI) ("ALYI") today announced the company's Kenyan partner will be meeting in Dallas to advance the agreements announced from Africa in April worth $50 million. In April, the company announced a Letter of Intent (LOI) for a ReVolt Electric Motorcycle assembly plant in Kenya that includes an initial $20 million order of 2,000 ReVolt Electric Motorcycles. The company published a presentation following the LOI to further detail the assembly plant LOI and the supplemental aspect of the agreement to create over $50 million in value from the ALYI African strategy and how the African strategy fits into the Company's overall business plan. ALYI management plans to publish key updates regarding the meetings in Dallas as the Kenyan partner visits with ReVolt Electric Motorcycle engineers planning for the production plant in Kenya.

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

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

info@lithiumip.com

+1-800-713-0297

https://ml.globenewswire.com/media/dd8e836e-ae1c-4a29-bccc-6c1f97adc02d/small/alyi-png.png

(C) Copyright 2019 GlobeNewswire, Inc. All rights reserved.

SOURCE: Comtex

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