DALLAS, TX / ACCESSWIRE / September 12, 2017 / Alternet Systems, Inc., (OTC PINK: ALYI) today announced the company has entered the lithium technology sector with the acquisition of Lithium IP Holdings, a company with a portfolio of patented lithium battery technologies. On July 11th this year, Alternet Systems announced exiting the financial services industry. On July 21st, the Company acquired Lithium IP Holdings in a transaction that included a management change in addition to the lithium business direction change. Randell Torno has been named the new Alternet Systems Chairman and CEO. Ed Bollen, as the President of Lithium IP Holdings, also joins the management team. The Company business plan is to develop partnerships with prominent businesses and agencies to commercialize its portfolio of lithium technologies while at the same time continuing to expand the existing portfolio.
The Company has published a preliminary website that includes more information about the business development strategy and the management team.
Last year, Alternet Systems had little operational activity while the former management team explored new business opportunities having recently sold the Company's primary financial services business operation. The financial reports currently available to the public are stale. The new management team anticipates having public information disclosures updated and available on the OTC Markets website later this month. The new management team furthermore anticipates publishing more information on the Company's new website regarding the portfolio of patented lithium battery technologies and business development efforts underway to commercialize the patented lithium battery technology.
The Company's new website:
www.otc-alyi.com or www.lithiumip.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:
https://www.otc-alyi.com/contact/
SOURCE: Alternet Systems, Inc.
