ALYI Investment Partner RevoltTOKEN Releases Update

Rhea-AI Summary

Alternet Systems (USOTC: ALYI) has received an update from investment partner RevoltTOKEN regarding its electric mobility ecosystem initiative. RevoltTOKEN CEO Henryk Dabrowski confirmed that the funding strategy remains intact, with efforts underway to domicile the business in Bermuda and finalize licensing for a planned cryptocurrency Initial Coin Offering (ICO). The company encourages participation in the upcoming ICO and invites interested parties to review the white paper available on the RevoltTOKEN website.

Positive

• RevoltTOKEN's funding strategy for ALYI's electric mobility initiative is confirmed to be intact.
• RevoltTOKEN is progressing with plans to domicile in Bermuda, which is essential for its ICO.

Negative

• None.

DALLAS, Sept. 29, 2020 /PRNewswire/ -- Alternet Systems, Inc. (USOTC: ALYI) today announced an update from investment partner RevoltTOKEN (www.revolttoken.com).

Earlier this month, on September 2^nd, RevoltTOKEN CEO, Henryk Dabrowski, released a comprehensive overview of RevoltTOKEN's plan to fund ALYI's overall electric mobility ecosystem initiative. Mr Dabrowski's original funding strategy presentation can be reviewed here.

On behalf of RevoltTOKEN, Mr. Dabrowski today communicates that the plan remains intact pending the finalization of the various processes necessary to securing required prior authorizations. Specifically, as revealed in the September 2^nd presentation, RevoltTOKEN has elected to domicile its business in Bermuda and now RevoltTOKEN, having undertaken the efforts necessary to register and license its operations in Bermuda, is working to complete same in a timely manner and in so doing, launch the planned RevoltTOKEN initial cryptocurrency offering (ICO).

We continue to encourage all interested in purchasing RevoltTOKEN cryptocurrency to thoroughly review the white paper currently in a draft form and available on the RevoltTOKEN website (www.revolttoken.com) where the anticipated cryptocurrency redemption options are listed. 

Further questions can be directed to ir@revolttoken.com.

To learn more about the upcoming ICO visit www.revoltTOKEN.com.

For more information and to stay up to date on ALYI's latest developments, please 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.

Alternet Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297

View original content:http://www.prnewswire.com/news-releases/alyi-investment-partner-revolttoken-releases-update-301139927.html

SOURCE Alternet Systems, Inc.

FAQ

What is the update from RevoltTOKEN regarding ALYI?

RevoltTOKEN has confirmed that its funding strategy for ALYI's electric mobility initiative remains intact as of September 2020.

What is the significance of RevoltTOKEN's move to Bermuda?

Domiciling in Bermuda is part of RevoltTOKEN's plan to finalize necessary registrations and licensing for its planned Initial Coin Offering (ICO).

When will the RevoltTOKEN ICO take place?

The exact date for the RevoltTOKEN ICO has not been specified, but preparations are ongoing.

How can I learn more about the RevoltTOKEN ICO?

You can visit the RevoltTOKEN website for more information and to review the white paper related to the ICO.