New York, NY – May 8, 2018 – Alternet Systems, Inc. (USOTC: ALYI) closed on May 2nd at $0.015 and it closed yesterday up nearly 100% at $0.029. The Price Per Share (PPS) has broken through the 50 Day and 200 Day Moving Averages (MA). The recent interest in Alternet driving the gains started when the company announced the launch of ReVolt Electric Motorbikes on April 17th, to commercialize the company’s portfolio of Lithium Battery Technologies acquired from Air Products and Chemicals, Inc. (NYSE: APD). Recently, Goldman Small Cap Research issued a new research report on Alternet Systems, Inc. that includes a “speculative-buy” rating with a target price-per-share of $0.09.
Other lithium sector companies in the news include Nemaska Lithium (NMKEF), Lithium Exploration Group, and Advantage Lithium Corp (AVLIF).
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.