DALLAS, — Alternet Systems, Inc. (USOTC: ALYI) management commented today in response to the Goldman Small Cap Research final survey results evaluating ALYI’s cryptocurrency fund raising strategy released yesterday. Goldman’s report yesterday indicated that the survey outcome “bodes extremely well for the Company, its stock, and the planned crypto offering.” The survey results demonstrate the limited market awareness and understanding of cryptocurrency strategies in general with most respondents, for instance, not knowing about Facebook’s cryptocurrency offering. With the cryptocurrency awareness and education inherent within the survey itself, eighty percent (80%) of respondents expressed being open to investing in an ALYI led cryptocurrency offering. ALYI management today followed up in response to the report published yesterday indicating that the company plans to move full steam ahead with its crypto strategy while fine tuning the plan with the lessons learned from the survey.
To view the full report following the link to Goldman’s website:
ALYI African Crypto Strategy Highlights
The firm, IW Global (www.IW-Global.com) has proposed launching and managing an Initial Coin Offering (ICO) on ALYI’s behalf specifically targeted at raising $100 million to fund infrastructure for electric vehicle production in Africa. ALYI has partnered with IW Global and ALYI’s production and marketing partners in Kenya to form a new company (NewCo) with the specific focus of building a new, state of the art electric vehicle production plant. This NewCo will be a separate company apart from ALYI but exclusively contracted by ALYI for producing ALYI designed vehicles. The NewCo is the business entity that would initiate the proposed ICO. The funds would be dedicated to 1. Building the plant and 2. Funding the production of ALYI’s vehicles. A successful ICO would permit ALYI to substantially accelerate and expand upon its existing $300 million in electric vehicle projects.
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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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