ALYI Confirms M&A Update To Be Published Tuesday, March 26th, 2019
DALLAS, March 22, 2019 (GLOBE NEWSWIRE) -- Alternet Systems, Inc. (USOTC: ALYI) (“ALYI”) today confirmed the company’s plans to publish an online presentation on Tuesday, March 26th, 2019 to provide an in-depth update on the company’s merger and acquisition (m&a) strategy. Last month, the company announced specific plans to pursue the acquisition of a shuttered electric car manufacturing plant. Subsequently, the company announced the shuttered car plant acquisition was part of a larger overall m&a initiative. On Tuesday, next week, management will detail a comprehensive m&a strategy to expand both the company’s alternative energy storage reach and electric vehicle production capacity.
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 has recently announced $2 million in orders of its Revolt Electric Motorcycles. ALYI also recently launched a hemp energy storage initiative.
Research Report Speculative Buy Rating And $0.09 Target PPS
Goldman Small Cap Research recently 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-update or 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
info@lithiumip.com
+1-800-713-0297
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