ALYI Previews Electric Vehicle Strategic Transition
08/16/2022 - 09:09 AM
Dallas, Texas, Aug. 16, 2022 (GLOBE NEWSWIRE) -- Alternet Systems, Inc (OTC Pink: ALYI) today announced CEO Randell Torno will be in East Africa starting next week on an extended trip to advance the company’s evolving electric vehicle strategy.
Mr. Torno’s trip coincides with the company’s current merger and acquisition initiative intended to accelerate an evolution of the company’s overall electric vehicle strategy.
The company has recently announced and confirmed an NDA executed and ongoing due diligence.
Subsequently, the company has announced an expanded merger and acquisition initiative beyond the initial NDA to include additional merger and acquisition candidates.
The company also indicated encouraging progress with its initial electric motorcycle deployment in East Africa is contributing to the company’s overall electric vehicle strategic evolution.
The company has initiated work on relaunching its website to reflect the electric vehicle strategic evolution underway.
The company will continue to provide updates as developments proceed.
To learn more about ALYI, visit 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.
Contact:info@lithiumip.com
ALYI Rankings
N/A Ranked by Stock Gains
ALYI Stock Data
Industry
Data Processing, Hosting, and Related Services
Sector
Information
Tags
Internet Software/Services, Technology Services, Packaged Software, Information, Data Processing, Hosting, and Related Services
About ALYI
alternet systems, inc. (alyi) invests in and partners with companies that are creating the future of money in the high growth, emerging technology fields of digital commerce, multichannel payments, and predictive analytics. vision: be the leading digital commerce, multichannel payments, predictive analytics solutions provider into global markets recognizing that the world is becoming increasingly dependent on technological conveniences, alternet systems aims to provide its customers with the tools to prepare themselves for a new era of digital commerce and payments, financial services and consumer information, and, most importantly, a new era of how to live. since 2010, alternet has maintained a progressive focus on the high-growth, mobile value-added service industries of mobile financial services and mobile security. in 2014, the company expanded its scope of expertise to include in its investment verticals the exciting digital commerce space, transforming the legacy electronic payme
