DALLAS, May 14, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Alternet Systems, Inc. (USOTC: ALYI) (“ALYI”) today announced plans for a management restructuring and expansion intended to contribute to the company’s growing sales opportunities, technology innovations and merger and acquisition developments. The company signed $2 million dollars in orders in the first quarter of 2019 for its ReVolt Electric Motorcycles and has a $20 million order under development in conjunction with a project to open an African assembly plant. ALYI also has a number of alternative energy storage related technologies under development. Furthermore, ALYI has a robust merger and acquisition (M&A) pipeline. The sales development, technology development and M&A activity has the current management team stretched in addition to some of the tasks under management differing from the current management teams background and areas of expertise. The company plans to soon release the results of its first quarter 2019 operations followed by a management brief further detailing the first quarter results. Look for the management brief coming by the end of next week. The management brief will elaborate more on the planned management restructuring and expansion. The following week of May 27th, ALYI plans to release the final plan on the management restructuring and expansion.
ALYI is focused on offering varied, environmentally sustainable, energy storage solutions for targeted markets, including consumer electric vehicles and military applications. The first product category is lithium battery-powered motorcycles, to be followed by motorbikes. ALYI also has an ongoing hemp energy storage initiative leading its current efforts to introduce an alternative to lithium batteries.
Research Report Speculative Buy Rating And $0.09 Target PPS
Goldman Small Cap Research has recently issued a research report update on the Company. The report confirms a 'speculative-buy' rating with a target price-per-share of $0.09. The report provides an in-depth overview and analysis of Alternet's new strategy, new orders, and upcoming milestones. To view the report, along with disclosures and disclaimers, visit https://www.alternetsystemsinc.com/research-update or http://www.GoldmanResearch.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.
For more information, please visit: http://www.alternetsystemsinc.com
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