DALLAS, Nov. 08, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE - Alternet Systems, Inc. (USOTC: ALYI) today highlighted the Mercedes-Benz electric vehicle (EV) shared ride initiative in Europe. ALYI management points to the Mercedes-Benz European initiative as a validation for ALYI’s EV shared ride initiative in Africa. In 2017, Mercedes-Benz Vans joint ventured with Via, the developer of a shared ride technology, to form ViaVan with the objective of working closely with cities and public transit operators to power dynamic shared and electric mobility services that complement existing transportation infrastructure. Yesterday, ViaVan announced a new initiative in Amsterdam.
ALYI is developing $300 million in electric vehicle projects in Africa targeting the shared ride market. The company has signed orders to produce in Africa, electric motorcycles with a side car initially for shared ride providers in Kenya. The company successfully passed an electric motorcycle prototype testing milestone recently and anticipates having its production design pilot motorcycle completed any day. ALYI has also recently announced a $100 million cryptocurrency investment strategy targeted at expanding beyond the company’s existing $300 million in electric vehicle projects in Africa.
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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 email@example.com +1-800-713-0297
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Source: Company press release.