ALYI Considers African Assembly Plant For ReVolt Electric Motorcycles

ALYI Considers African Assembly Plant For ReVolt Electric Motorcycles

 

Dallas, TX -- March 28, 2019 -- InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC: ALYI) (“ALYI”) today confirmed management will meet prospective partners and tour facilities in Kenya for a potentially assembly plant to complete manufacturing in Africa for ReVolt Electric Motorcycles to be sold on the continent.  ALYI has recently announced $1.5 million in orders for its ReVolt Electric Motorcycles to be delivered in Kenya.  ALYI is seeing additional and substantial interest in Africa for Electric Vehicles and is now consider expansion to include assembly near target markets. Management indicates the Kenyan trip will include meetings with additional potential partners expected to further advance ALYI’s electric vehicle interests in Africa beyond the company’s ReVolt Electric Motorcycles.

ALYI is focused on offering varied, environmentally sustainable, energy storage solutions for targeted markets, including consumer electric vehicles and military applications. The first product category is lithium battery-powered motorcycles, to be followed by motorbikes. ALYI also has an ongoing hemp energy storage initiative leading its current efforts to introduce an alternative to lithium batteries.
Research Report Speculative Buy Rating And $0.09 Target PPS

Last week, Goldman Small Cap Research issued a research report update on the Company. The report confirms a 'speculative-buy' rating with a target price-per-share of $0.09. The report provides an in-depth overview and analysis of Alternet's new strategy, new orders, and upcoming milestones. To view the report, along with disclosures and disclaimers, visit https://www.alternetsystemsinc.com/research-updateor http://www.GoldmanResearch.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.

For more information, please visit: http://www.alternetsystemsinc.com
Alternet Systems, Inc. Contact:
Randell Torno
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