DALLAS, Dec. 31, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Alternet Systems, Inc. (USOTC: ALYI) today highlighted Africa’s $4 billion motorcycle ride hail market featured in a recent TechCrunch article emphasizing the anticipated explosive growth in Africa over the next decade.  ALYI management sees ALYI as well positioned leader prepared to capture the wave of investment and growth coming to Africa in 2020 and beyond.

ALYI is currently developing $300 million in electric vehicle projects in Africa targeting the shared-ride market, leading with electric motorcycles for the shared-ride market.  The company has signed orders for electric motorcycles with a side car to be produced in Kenya for shared ride providers in Kenya.  ALYI has also recently announced a $100 million cryptocurrency investment strategy targeted at expanding beyond the company’s existing $300 million in electric vehicle projects in Africa. 

ALYI has secured institutional commitment to support an annual African electric mobility technology conference and symposium to advance the deployment of electric powered transportation solutions specific to Africa.  The focus includes environmental sustainability but also overall transportation efficiency applicable to the African transportation infrastructure, economy, and consumer.  ALYI CEO, Dr. Randell Torno, contends that the immediate opportunity for electric powered transportation growth in Africa by far exceeds the electric powered transportation opportunity anywhere else in the world and that the electric mobility technology innovations that will be developed for Africa will ultimately form the foundation of commercial electric powered transportation everywhere.  In short, Africa is the global proving ground for electric powered transportation. Dr. Torno just concluded meetings in London last week where he secured institutional brand name commitment that will serve as the anchor event and attraction at the annual African electric mobility technology conference and symposium.  The planed conference and symposium location is Nairobi, Kenya.

For more information, please visit: http://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

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/df6ac0c2-6c26-45ec-b16a-940aa6032e04