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ALYI Management Update Detailing $25 Million Anticipated First Tranche Investment Scheduled for Tomorrow

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Dallas, Texas–(Newsfile Corp. – June 22, 2020) –  Alternet Systems, Inc. (OTC Pink: ALYI) today announced a management update scheduled for tomorrow, Tuesday, June 23, 2020. The purpose of the update is to present details on the structure of the anticipated $25 million first tranche investment to fund ALYI’s $300 million electric mobility initiative in Africa. ALYI last week announced drafting a letter of intent (LOI) with its funding partner delineating terms for an initial $25 million first tranche investment. Management expects to have the LOI finalized by the end of June.

ALYI has an overall $300 million comprehensive electric vehicle strategy in Africa founded on initially launching the commercial production of the company’s own ReVolt Electric Motorcycle. The ReVolt Electric Motorcycle pilot passed initial design requirements and ongoing pilot design refinements are expected to soon deliver a reduced overall weight and improved cruising range.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/58329

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

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Bitget Partners with Fiat24 to Advance PayFi Solutions for Crypto

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Bitget Partners with Fiat24 to Advance PayFi Solutions for Crypto

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Blockchain

LCT Secures VARA In-Principle Approval, Defining Its Role in Dubai’s Crypto Landscape

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Blockchain

Bybit One-Click Buy Offers a Winning Chance in First-Time Deposits Lucky Draws

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