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MIA Global, Inc. is acquiring the controlling interest in Alternet Systems Inc. (USOTC: ALYI), making ALYI another MIA Global affiliated company. MIA Global is a green energy company focusing on e-mobility products for automotive, maritime, and aeronautical uses. The company has sold over 5600 electric vehicles since 2010 and expanded into the USA in 2022.
MIA Global will supply high-quality e-mobility products to ALYI, supporting ALYI's business plan in developing markets like Kenya. The acquisition aims to expand shared e-Mobility and green energy opportunities. MIA Global intends to make further public updates on its plans for Alternet Systems, including possible operating company name and ticker symbol changes. Dr. Randell Torno will remain as Chief Executive for ALYI.
Alternet Systems (OTC Pink: ALYI) announces CEO Randell Torno's upcoming trip to East Africa to further the company’s electric vehicle strategy. This visit is part of a broader merger and acquisition initiative aimed at strengthening ALYI's position in the electric vehicle market. The company has executed a Non-Disclosure Agreement (NDA) and is pursuing additional acquisition targets. ALYI is also making progress with its initial electric motorcycle deployment in East Africa, while working on a website relaunch to reflect its evolving strategy.
Alternet Systems (OTC Pink: ALYI) has confirmed ongoing discussions for a merger and acquisition, with a non-disclosure agreement signed and due diligence in progress. The company has also broadened its merger and acquisition initiative to explore additional candidates. ALYI's CEO noted positive developments regarding its electric motorcycle taxi agreement and increasing attention on its electric vehicle racing initiative. The company aims to adapt its strategy to regain momentum in the electric vehicle market, anticipating future announcements. Updates will follow as developments progress.
Alternet Systems (OTC Pink: ALYI) announced advancements in its electric motorcycle business that may enhance its merger discussions. The company plans to adapt its strategy to further its Electric Vehicle (EV) ecosystem vision amid market conditions. Notably, ALYI's electric motorcycle taxi strategy could qualify for a foreign government grant, potentially increasing its business value. Additionally, discussions are ongoing for a merger involving ALYI's electric motorcycle assets, with due diligence currently in progress.
Alternet Systems, Inc. (OTC Pink: ALYI) has provided an update on its discussions regarding a potential merger of its electric motorcycle assets. Following a letter to shareholders by CEO Randell Torno on May 17, ALYI is adapting its strategy to align with market conditions while pursuing its Electric Vehicle (EV) ecosystem vision. A non-disclosure agreement (NDA) has been executed, and due diligence for the merger talks is currently in progress. Further updates will be shared as developments unfold.
Alternet Systems, Inc (OTC Pink: ALYI) announced progress in business development discussions with third parties in a letter from CEO Randell Torno. These discussions, which follow a previous update on May 17, aim to enhance the company’s Electric Vehicle (EV) ecosystem vision. A preliminary plan prioritizing branded EV events and exploring third-party collaborations is in place. The CEO indicated that discussions have progressed to specific opportunities, with another update expected next week.
Alternet Systems, Inc (OTC Pink: ALYI) has issued a letter from CEO Randell Torno outlining the company's strategic adjustments in response to current market conditions affecting its Electric Vehicle (EV) ecosystem vision. ALYI plans to focus on establishing a branded EV race and symposium in Kenya while seeking to lower capital requirements. The management acknowledges the challenges posed by economic uncertainty, including inflation and geopolitical tensions, and is exploring partnerships to sustain its initiatives. The company remains optimistic about its vision, despite a more challenging environment.
Alternet Systems (OTC Pink: ALYI) announced the timely arrival of electric motorcycle shipments in Kenya, fulfilling a $2 million order for the motorcycle taxi market. The company is implementing a lease-to-own model for local drivers and plans to expand this contract framework to Brazil and Ethiopia by June. ALYI will incorporate cryptocurrency payment solutions into these contracts, enhancing its electric vehicle ecosystem through Revolt Tokens. This expansion underscores ALYI’s strategic growth in international markets while leveraging innovative financing options.
Alternet Systems (ALYI) announced plans to secure two additional electric motorcycle orders worth $2 million each by the end of June. Currently fulfilling a $2 million order in Kenya, ALYI aims to replicate this model in Brazil and Ethiopia. The company is integrating a cryptocurrency payment mechanism into its lease-to-own contracts in these countries. This strategy is expected to enhance its electric vehicle ecosystem through Revolt Tokens (RVLT). Market conditions and competition pose risks to meeting sales expectations.
Alternet Systems, Inc. (OTC Pink: ALYI) CEO Randell Torno provides a shareholder update, highlighting a pivotal 2021 with the company's first electric vehicle sales, including a $2 million order. This revenue marks a shift from consulting to product sales. The company aims to increase its electric vehicle revenue from $2 million to $6 million this year by replicating its successful business model. ALYI is also developing an EV ecosystem and plans a branded annual event for electric vehicles. Despite economic challenges, Torno expresses optimism for continued growth and market confidence.
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