Dallas, Texas--(Newsfile Corp. - January 8, 2020) - Alternet Systems, Inc. (OTC Pink: ALYI) today announced Goldman Small Cap Research has scheduled next Tuesday, January 14, 2020 to release the final, comprehensive results of its survey on ALYI's African Cryptocurrency fund raising strategy. Goldman published the initial results last month on December 5, 2019. The results were favorable and reflected a jump in crypto strategies in reaction to Twitter and Square CEO Jack Dorsey's plans to move to Africa in order to advance a crypto strategy. Based on the initial survey results, on December 5, 2019, Goldman Small Cap Research reiterated a Speculative Buy and $0.09 price per share target for the shares of ALYI.
ALYI African Crypto Strategy Highlights
The firm, IW Global () 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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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. Contact:
Randell Torno
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