ALYI Announces Building Electric Vehicle Merger and Acquisition Momentum
August 09 2022 - 10:14AM
InvestorsHub NewsWire
Dallas, TX -- August 9, 2022 -- InvestorsHub NewsWire --
Alternet Systems, Inc (OTC
Pink: ALYI) today confirmed the previously announced merger and
acquisition explorations and discussions are ongoing. An NDA
has been executed and due diligence continues.
ALYI Management today also announces that the company has
expanded its merger and acquisition business development initiative
to include additional candidates.
“Our electric motorcycle taxi agreement is developing nicely and
getting some very positive attention of late,” Said ALYI CEO
Randell Torno. “At the same time, we have also been getting some
very encouraging attention surrounding our electric vehicle racing
initiative. I believe ALYI’s posture is well suited for
regaining momentum in the electric vehicle market through the
adaptation of our strategy in response to the evolving market
conditions, and I anticipate our adaption to include a merger and
acquisition aspect. Things are moving along. Stay tuned
for more to come.”
The company will continue to provide updates as developments
proceed.
To learn more about ALYI, visit 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.
Contact:
Alternet Systems, Inc.
Randell Torno
info@lithiumip.com
+1-800-713-0297
Alternet Systems (PK) (USOTC:ALYI)
Historical Stock Chart
From Jul 2024 to Aug 2024
Alternet Systems (PK) (USOTC:ALYI)
Historical Stock Chart
From Aug 2023 to Aug 2024