Dallas, Texas–(Newsfile Corp. – May 21, 2020) – Alternet Systems, Inc. (OTC Pink: ALYI) today announced publishing its Q1 2020 financial report. The company also published its 2019 annual financial report. Both reports show the company’s base revenue has not been impacted by the Covid-19 pandemic. ALYI management further confirms that its $300 million African electric mobility project also remains on track and to date, has not been impacted by the Covid-19 pandemic. Management has scheduled to publish an update next week on Wednesday, May 27, 2020 to include more detail on specific highlights within the recent reports. The update will also include a 2020 operational outlook.
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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.
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