Alternet Systems Stock Is Trading Higher On Expanding EV Presence Beyond East Africa

April 8, 2021 10:56 AM | 1 min read | Make a Comment

Alternet Systems Inc ALYI executed a new agreement to sizably expand its overall electric vehicle (EV) ecosystem vision and strategy.
The agreement represented an EV deployment sector expansion beyond ALYI's current rideshare entry point extending its geographic expansion opportunity beyond the current East African concentration.
The multitiered deal included a new strategic investment into ALYI and could be balance sheet accretive over the next year. The company will elaborate on the agreement in its pending FY2020 annual report.
Alternet recently confirmed launching its rideshare electric motorcycles in Africa.
Price action: ALYI shares traded higher by 9.94% at $0.078 on the last check Thursday.

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