DALLAS, TX – September 5, 2019 — OTC PR WIRE — Alternet Systems, Inc. (USOTC: ALYI) (“ALYI”) today confirmed the company is engaged in the development of a project that could result in the signing of an electric vehicle project that could generate $30 million per year for a duration of six to ten years for a potential total of $300 million over 10 years. The project details were included as part of a scheduled management update published by the company yesterday. The company indicated in the update yesterday that a coming milestone announcement on the $300 million project is anticipated soon. The overall purpose of the update published yesterday is to summarize the company’s progress, highlight key milestones and feature major objectives. To view the entire update, follow the link below:
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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.
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