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MIA Global, Inc. to acquire controlling interest in Alternet Systems, Inc.

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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.

MIA Global, Inc. sta acquisendo la quota di controllo in Alternet Systems Inc. (USOTC: ALYI), rendendo ALYI un'altra società affiliata a MIA Global. MIA Global è un'azienda di energia verde che si concentra su prodotti di e-mobility per utilizzi automobilistici, marittimi e aeronautici. L'azienda ha venduto oltre 5600 veicoli elettrici dal 2010 ed è entrata nel mercato statunitense nel 2022.

MIA Global fornirà prodotti di e-mobility di alta qualità ad ALYI, supportando il piano aziendale di ALYI nello sviluppo di mercati come il Kenya. L'acquisizione mira ad ampliare le opportunità di e-mobility condivisa e di energia verde. MIA Global intende fornire ulteriori aggiornamenti pubblici sui suoi piani per Alternet Systems, inclusi possibili cambiamenti nel nome della società operativa e nel simbolo del ticker. Il Dr. Randell Torno rimarrà come Amministratore Delegato per ALYI.

MIA Global, Inc. está adquiriendo la participación de control en Alternet Systems Inc. (USOTC: ALYI), convirtiendo a ALYI en otra compañía afiliada a MIA Global. MIA Global es una empresa de energía verde que se centra en productos de e-movilidad para usos automotrices, marítimos y aeronáuticos. La compañía ha vendido más de 5600 vehículos eléctricos desde 2010 y se expandió a EE. UU. en 2022.

MIA Global suministrará productos de e-movilidad de alta calidad a ALYI, apoyando el plan de negocios de ALYI en mercados en desarrollo como Kenia. La adquisición tiene como objetivo expandir las oportunidades de e-movilidad compartida y de energía verde. MIA Global tiene la intención de realizar más actualizaciones públicas sobre sus planes para Alternet Systems, incluidos posibles cambios en el nombre de la empresa operativa y el símbolo del ticker. El Dr. Randell Torno seguirá siendo el Director Ejecutivo de ALYI.

MIA Global, Inc.는 Alternet Systems Inc. (USOTC: ALYI)의 지배 지분을 인수하고 있습니다, 이를 통해 ALYI는 MIA Global의 또 다른 계열사가 됩니다. MIA Global은 자동차, 해양 및 항공 분야의 전기 이동 수단 제품에 중점을 둔 친환경 에너지 회사입니다. 이 회사는 2010년 이후 5600대 이상의 전기 자동차를 판매했으며, 2022년에 미국 시장에 진출했습니다.

MIA Global은 ALYI에 고품질 전기 이동 수단 제품을 공급할 계획입니다, 이는 케냐와 같은 개발 시장에서 ALYI의 비즈니스 계획을 지원하기 위한 것입니다. 이번 인수의 목적은 공유 전기 이동 수단 및 친환경 에너지 기회를 확대하는 것입니다. MIA Global은 Alternet Systems에 대한 계획에 대한 추가 공개 업데이트를 제공할 예정이며, 운영 회사 이름 및 주식 기호 변경 가능성도 포함됩니다. Dr. Randell Torno는 ALYI의 CEO로 계속 남을 것입니다.

MIA Global, Inc. est en train de faire l'acquisition de la participation de contrôle dans Alternet Systems Inc. (USOTC: ALYI), ce qui fait d'ALYI une autre société affiliée à MIA Global. MIA Global est une entreprise d'énergie verte axée sur les produits de mobilité électrique pour les applications automobiles, maritimes et aéronautiques. L'entreprise a vendu plus de 5600 véhicules électriques depuis 2010 et s'est étendue aux États-Unis en 2022.

MIA Global fournira des produits de mobilité électrique de haute qualité à ALYI, soutenant ainsi le plan d'affaires d'ALYI sur des marchés en développement comme le Kenya. L'acquisition vise à élargir les opportunités de mobilité électrique partagée et d'énergie verte. MIA Global prévoit de faire d'autres mises à jour publiques sur ses projets pour Alternet Systems, y compris des changements possibles dans le nom de l'entreprise opérante et le symbole boursier. Dr. Randell Torno restera directeur général d'ALYI.

MIA Global, Inc. erwirbt die Kontrollbeteiligung an Alternet Systems Inc. (USOTC: ALYI) und macht ALYI zu einem weiteren mit MIA Global verbundenen Unternehmen. MIA Global ist ein Unternehmen für grüne Energie, das sich auf Produkte der E-Mobilität für die Automobil-, Marine- und Luftfahrtindustrie konzentriert. Das Unternehmen hat seit 2010 über 5600 Elektrofahrzeuge verkauft und ist 2022 in die USA expandiert.

MIA Global wird hochwertige E-Mobilitätsprodukte an ALYI liefern und somit ALYIs Geschäftsplan in wachsenden Märkten wie Kenia unterstützen. Ziel der Übernahme ist es, die gemeinsamen E-Mobilitäts- und grünen Energiechancen auszuweiten. MIA Global beabsichtigt, weitere öffentliche Updates zu seinen Plänen für Alternet Systems bereitzustellen, einschließlich möglicher Änderungen des Namen des Betriebes und des Tickersymbols. Dr. Randell Torno wird als Geschäftsführer von ALYI bleiben.

Positive
  • MIA Global's acquisition of controlling interest in ALYI may lead to expansion in e-mobility and green energy sectors
  • MIA Global has sold over 5600 electric vehicles since 2010, demonstrating market traction
  • Partnership with a leading lithium battery manufacturer could enhance product quality and innovation
  • Expansion into the US market with partnerships on East and West Coast
  • Potential for revenue growth through supply of e-mobility products to ALYI
Negative
  • Possible changes in company name and ticker symbol may cause short-term investor confusion
  • Integration challenges between MIA Global and ALYI operations
  • Potential dilution of existing ALYI shareholders' ownership

New Company to Expand on Shared e-Mobility and Green Energy Opportunities

SEOUL, South Korea and SHENZHEN, China and NEW YORK, Oct. 4, 2024 /PRNewswire/ -- MIA GLOBAL 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 conceptualizing, designing, manufacturing and commercializing e-mobility products for automotive, maritime and aeronautical uses. MIA Global's current operating business focuses on the commercialization of in-house manufactured e-bikes, golf carts and specialized batteries for niche applications. MIA Global affiliated companies have sold over 5600 electric vehicles since 2010. In 2022 it expanded into the USA with a corporate office in New York. After a successful 2023 CES Show (Las Vegas), MIA Global has partnered with importers, distributors, and dealers on the East and West Coast of the United States with sales currently focused on electric golf carts, e-bikes, scooters, three wheelers, e-utility vehicles, and electric boats.

The company has additional offices and a factory in Seoul, South Korea. With its partnership with one of the top leading lithium battery manufacturers in the world, MIA GLOBAL will supply high-quality and innovative e-mobility products to ALYI creating revenue growth and supporting ALYI's business plan to operationalize opportunities in the e-Mobility and green transportation sectors, primarily in developing markets such as Kenya. MIA Global's current operating business focuses on the commercialization of in-house manufactured e-bikes, golf carts and specialized batteries for niche applications.  Customers and investors can see first-hand MIA Global, Inc. products in the upcoming CES 2025 in Las Vegas, NV as well as at other PGA sponsored trade shows.

MIA Global intends to make further public updates on its plans for Alternet Systems as developments proceed including possible operating company name and ticker symbol changes to reflect a new branding and business focus. Dr. Randell Torno will stay on as Chief Executive for ALYI.

For more information, please visit: www.mia-global.com and http://www.alternetbike.com. For press inquiries contact at info@alternetbike.com. Phone 214.304.2686.

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.

Cision View original content:https://www.prnewswire.com/news-releases/mia-global-inc-to-acquire-controlling-interest-in-alternet-systems-inc-302267410.html

SOURCE MIA Global Inc.

FAQ

What is the purpose of MIA Global's acquisition of Alternet Systems (ALYI)?

MIA Global is acquiring ALYI to expand shared e-mobility and green energy opportunities, particularly in developing markets like Kenya. The acquisition aims to support ALYI's business plan and create revenue growth through the supply of high-quality e-mobility products.

How many electric vehicles has MIA Global sold since 2010?

MIA Global affiliated companies have sold over 5600 electric vehicles since 2010, demonstrating their experience and market presence in the e-mobility sector.

Will there be changes to Alternet Systems' (ALYI) management after the acquisition?

Dr. Randell Torno will stay on as Chief Executive for ALYI after the acquisition by MIA Global, ensuring continuity in leadership.

What products does MIA Global focus on commercializing?

MIA Global's current operating business focuses on the commercialization of in-house manufactured e-bikes, golf carts, and specialized batteries for niche applications, as well as other e-mobility products like scooters, three-wheelers, e-utility vehicles, and electric boats.

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