ALYI EV Ride-Share Business Accelerates Amid Industry Momentum Driven By TSLA UBER and FDVRF
07 Luglio 2020 - 6:05PM
InvestorsHub NewsWire
Dallas, TX -- July 7, 2020 -- InvestorsHub
NewsWire -- 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 (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 (TSLA)
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 (FDVRF)
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.
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 $25 Million
First Tranche Investment
The ALYI first tranche $25 million
investment is one component of the investor’s overall $100 million
initial cryptocurrency offering (ICO) strategy. The investor
is independently launching an ICO dedicated to funding ALYI’s
overall $300 million electric mobility project in Africa with
future plans to fund additional electric mobility initiatives in
Africa. The investor has already
partitioned on the Ethereum Blockchain in advance of the planned
ICO.
The $25
million first tranche investment is structured at a $50 million
pre-money valuation of ALYI in consideration of the company’s $300
million electric mobility initiative.
The $25 million first tranche
investment represents a valuation of ALYI common stock at
approximately $0.05 per share.
For more
information and to stay up to date on the latest developments ,
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
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