Dallas, Texas–(Newsfile Corp. – August 20, 2020) – Alternet Systems, Inc. (OTC Pink: ALYI) today announced publishing its Q2 financial report with OTC Markets. The report shows the company’s base consulting revenue continues sustaining operations without relying on raising funds to otherwise cover basic costs. The company’s recent $25 million investment commitment can otherwise be dedicated to ALYI’s $300 million electric vehicle initiative. ALYI has scheduled an earnings update next week on Tuesday, August 25, 2020 to review the company’s Q2 2020 financial report in more detail. The update will highlight the company’s ongoing base consulting revenue and the latest progress on the company’s $300 million outlook based on its electric vehicle initiative in Africa.
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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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