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$ALYI news: ALYI Announces Agreement To Eliminate All Outstanding Debt
Newsfile Corp.
Newsfile Corp
Dallas, Texas--(Newsfile Corp. - February 25, 2021) - Alternet Systems, Inc. (OTC Pink: ALYI) today announced its finance partner, RevoltTOKEN, has agreed to eliminate all ALYI's outstanding debt in conjunction with its planned purchase of the preferred block of control shares. The CEO of RevoltTOKEN confirms the planned RevoltTOKEN ICO is imminent.

Mr. Dabrowski has previously published RevoltTOKEN's intent to purchase control of ALYI through the acquisition of preferred block of shares currently owned by existing ALYI management. Today, RevoltTOKEN adds that the agreement to purchase the preferred control shares includes funding the elimination of all outstanding ALYI debt.

To learn more about RevoltToken, visit http://www.revolttoken.com/

For the latest on ALYI's electric vehicle ecosystem strategy visit:

Flipbook - The Global Democratized Electric Vehicle Ecosystem Collaboration Strategy

or

Video - The Global Democratized Electric Vehicle Ecosystem Collaboration Strategy

For more information and to stay up to date on ALYI's overall latest developments, please visit 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
[e-mail]
[phone]

https://orders.newsfilecorp.com/files/1184/75459_f27165c63412996e_logo.jpg

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/75459

https://www.newsfilecorp.com/newsinfo/75459/130