Business
ALYI – Alternet Systems $50 Million EV Project Opportunity Could Trigger $300 Million More In Revenue Over 10 Years
ALYI – Alternet Systems $50 Million EV Project Opportunity Could Trigger $300 Million More In Revenue Over 10 Years.
About this update from Nouveau Life Pharmaceuticals, Inc.
[{"type":"text","content":"\n ALYI Hemp and Lithium Alternative Energy Strategy SummaryHemp Energy Storage Partnership and Acquisition Pipeline UpdateExisting $250,000 Annual Revenue Detailed$50 Million Near Term Revenue Potential Featured$300 Million 10 Year Revenue Potential RevealedCEO Expertise As PhD In Public Policy and Political Economics Featured In Upcoming Article On Industrialization of Africa HighlightedANCE and NOUV Partnerships Included In Update DALLAS, Sept. 04, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Alternet Systems, Inc. (USOTC: ALYI) (“ALYI”) today published a management update.  The company recently published its year-to-date financials through Q2 2019 ending June 30th.  The company has made substantial progress on its alternative energy business plan since entering the alternative energy sector when it acquired Lithium IP Holdings on July 21, 2017.  The purpose of the update today is to summarize the company’s progress, highlight key milestones and feature major objectives.  The management update is included below in its entirety. ALYI Management Update On July 21, 2017, the Company acquired Lithium IP Holdings in a transaction that included a management and business direction change. From July, 2017 forward, the company entered the alternative energy sector. In 2017, Lithium IP Holdings exclusively licensed ten U.S. Patented lithium battery technologies with an option to acquire the ten U.S. Patents. Lithium battery technology research and development was the beginning of the company’s alternative energy strategy.  The company’s strategy has expanded substantially past the ten Patents since that time.  That expansion will be elaborated upon herein. When ALYI acquired Lithium IP Holdings, Randell Torno was named the new Alternet Systems Chairman and CEO. Edward Bollen, the President of Lithium IP Holdings, also joined the Altnernet Systems management team. Randy Torno and Ed Bollen have worked together for years on multiple projects spanning across various energy niche markets with particular focus on the government sector and with expansive experience within developing economic countries.  The management team is now in transition to best facilitate the company’s forward progress.  Though roles are changing, Randy Torno and Ed Bollen will both remain invo...