DALLAS, Feb. 13, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Alternet Systems, Inc. (USOTC: ALYI) (“ALYI”) today
announced that the company has been receiving substantial interest from notable investors exploring opportunities to buy in to
Alternet's hemp energy initiative. Since bringing Clarkson University Professor David Mitlin on board to lead and hemp
energy storage initiative, and in combination with the recent legalization of hemp farming in the U.S. under the 2018 Farm Act,
Alternet has been the recipient of substantive investor interest. Professor Mitlin is a leading expert in electrochemistry and a
pioneer in the use of hemp as a clean, green, renewable energy in the form of a supercapacitor. Mitlin has successfully used hemp
bast - the fiber left over from processing hemp - to construct carbon nanosheets that compete with, and in some respects,
outperform the supercapacitor performance derived from more typical graphene nanosheets. Mitlin holds a U.S. Patent for his
hemp energy storage invention. "We are fairly well down the road in discussions with notable investors and believe
shareholders can soon expect to hear from us a major announcement in regard to a significant upgrade of our hemp energy
initiative," said Ed Bollen, President of Altnet Systems.
ALYI is focused on offering varied, environmentally sustainable, energy storage solutions for targeted markets, including
consumer electric vehicles and military applications. The first product category is lithium battery-powered motorcycles, to be
followed by motorbikes. ALYI also recently brought Clarkson University Professor David Mitlin on board to lead
a hemp energy storage initiative. Mitlin has successfully used hemp bast - the fiber left over from processing hemp - to construct
carbon nanosheets that compete with, and in some respects, outperform the supercapacitor performance derived from more typical
graphene nanosheets. Mitlin holds a US patent for his proprietary hemp energy storage technology.
Research Report Speculative Buy Rating And $0.09 Target PPS
Goldman Small Cap Research recently issued an updated research report on the Company. The report includes a 'speculative-buy'
rating with a target price-per-share of $0.09. The report provides an in-depth overview and analysis of Alternet's new
strategy, new orders, and upcoming milestones. To view the report, along with disclosures and disclaimers, visit https://www.alternetsystemsinc.com/research-rpt/ or http://www.GoldmanResearch.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.
For more information, please visit: http://www.alternetsystemsinc.com
Alternet Systems, Inc. Contact
Randell Torn
info@lithiumip.com
+1-800-713-0297
