ALYI Cryptocurrency Backed EV Ecosystem Receives Elevated Attention Following SXSW Participation Featuring Transportation Secretary Pete Buttigieg
Alternet Systems, Inc. (OTC Pink: ALYI) is developing an integrated electric vehicle (EV) ecosystem, initiating its operations in East Africa with electric motorcycles. The company recently participated in the SXSW Transportation Track in Austin, Texas, focusing on its African EV initiatives and collaboration with the East African Grand Prix to potentially host a Formula E race. ALYI's CEO, Randell Torno, noted increased interest in their ecosystem following SXSW, highlighting the value of global collaboration in EV solutions.
- ALYI is establishing an EV ecosystem in East Africa, which can lead to market expansion.
- Participation in SXSW has generated increased media interest and potential acquisition opportunities.
- The company faces risks associated with the development of its ecosystem, including competition and financial uncertainties.
Dallas, Texas, March 22, 2022 (GLOBE NEWSWIRE) -- Alternet Systems, Inc. (OTC Pink: ALYI) is building an EV Ecosystem that includes organic and partner solutions for all aspects of the growing EV transportation system.
ALYI has established the nucleus of its EV Ecosystem in East Africa where it has already begun to rollout a comprehensive electric motorcycle enterprise.
Participation in ALYI’s EV Ecosystem is facilitated through the sale of Revolt Tokens (RVLT) – learn more about RVLT at https://rvlttoken.com/.
Last week, ALYI participated in the SXSW Transportation Track in Austin, Texas featuring Transportation Secretary Pete Buttigieg.
ALYI participation focused on representing the Company’s EV initiative in Africa in addition to learning about the latest in global transportation initiatives.
ALYI’s SXSW participation was centered around ALYI’s interest in Formula E. ALYI has worked closely with a Kenyan race event business named East African Grand Prix (EAGP). EAGP has a provisional license with Formula E intended to bring an annual Formula E race event to Kenya. Formula E is participated in a panel discussion at SXSW titled “No Turning Back: Formula E and the Electric Future.”
“The merit of our developing EV Ecosystem brand growing out of the rugged African environment has received a substantial increase in attention following SXSW,” commented ALYI CEO Randell Torno. “EV solutions derived from an EV industry collaboration bult around demonstrating the best of the best in EV solutions via a globally recognized annual EV race is an enterprise that carries a compelling value proposition and SXSW helped us elevate that message. The feedback following SXSW has been validating from the media outlets that want to tell our story to the acquisition overtures. Clearly, ALYI is on the right EV track.”
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.
Contact:
Alternet Systems, Inc.
Randell Torno
info@lithiumip.com
+1-800-713-0297
FAQ
What is the latest update on Alternet Systems, Inc. (ALYI)?
How is ALYI involved in the Formula E initiative?
What was the significance of ALYI's participation in SXSW?
What are the risks mentioned in the ALYI press release?
