ALYI releases update of new developments with electric motorcycle assets


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Dallas, Texas, June 17, 2022 (GLOBE NEWSWIRE) — Alternet Systems, Inc (OTC Pink: ALYI) today released the latest update on previously announced discussions with third parties originally highlighted in a letter to shareholders of CEO Randell Torno on May 17.

ALYI is developing plans to adapt the company’s strategy to continue on the path of realizing its vision of the electric vehicle (EV) ecosystem under the conditions presented by the current market.

In an update to discussions, the company today reports that discussions with the third party specifically explore a merger of ALYI’s electric motorcycle assets. An NDA has been executed and due diligence is underway.

The company will continue to provide updates as developments occur.

To learn more about ALYI, visit www.alternetsystemsinc.com.

Disclaimer/Safe Harbor: This press release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. Statements reflect the Company’s current beliefs regarding 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, failure to meet deadlines or performance requirements of the companies’ contracts, the companies’ liquidity condition, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive prices. In light of these uncertainties, the forward-looking events discussed in this press release may not occur.

Contact: Alternet Systems, Inc. Randell Torno [email protected] +1-800-713-0297

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Source: Alternet Systems, Inc.

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