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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 from CEO Randell Torno on May 17th.
ALYI is developing plans to adapt the company’s strategy to continue on course toward achieving its Electric Vehicle (EV) ecosystem vision within the conditions presented by the prevailing market.
In an update to the discussions, the company today reports the discussions with the third party are specifically exploring 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 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.
Alternet Systems, Inc.