ALYI 2021 Announces 2nd EV Contract And Potential To Exceed $2M 2021 REV TGT

Rhea-AI Summary

Alternet Systems, Inc. (OTC Pink: ALYI) announced a second contract for electric vehicle deliveries in Africa, enhancing their revenue forecast for 2021. ALYI aims for $2 million in revenue from electric motorcycle sales, potentially exceeding this target with new agreements. The company has begun pilot deliveries of electric three-wheel vehicles in Addis Ababa, expanding to production orders with a goal of 100 vehicles per cycle. ALYI's ecosystem includes partnerships for financing growth through Revolt Tokens, aimed at democratizing participation in the EV market.

Positive

• Entered a second contract for electric vehicle deliveries, boosting revenue potential.
• On track to exceed the $2 million revenue target for 2021.
• Successfully pilot-delivered electric three-wheel vehicles in Addis Ababa.
• Plans for perpetual delivery of parts to assemble vehicles, indicating ongoing demand.
• Partnership with Revolt Token to finance growth and expand market participation.

Negative

• None.

Dallas, Texas, Nov. 17, 2021 (GLOBE NEWSWIRE) -- Alternet Systems, Inc. (OTC Pink: ALYI) (“ALYI”) today announced the company has entered into a second contract to immediately begin delivering electric vehicles in Africa.  ALYI recently announced being on track to realize a $2 million revenue target by year end 2021 anticipated from sales of its first electric motorcycles into the African motorcycle market.  The second agreement could take ALYI over its $2 million revenue target for 2021.

ALYI has recently delivered on the pilot delivery of electric three-wheel Bajaj’s going into service as taxis and delivery vehicles in Addis Ababa.  The pilot is now expanded into a production order with vehicle assembly to take place in Addis Ababa.  ALYI will begin the perpetual delivery of parts for the assembly of 20 vehicles at a time until contract cancellation or upgrade.  The delivery cycle is triggered on vehicles going into service.  The current client objective is to upgrade the contract to 100 vehicles per cycle within the next six months.

ALYI is building an entire Electric Vehicle (EV) Ecosystem that addresses the entire EV adoption environment, from the perpetual design of best in class vehicles to the perpetual design of the myriad of mechanical and digital systems that go into a best in class vehicle; from the charging and maintenance infrastructure that goes into supporting consumer and commercial vehicles, to the EV value proposition itself that drives consumers and businesses to transition from combustion engines to electric powered vehicles.

ALYI has designed its EV Ecosystem solution to include democratized participation. ALYI has partnered with Revolt Token to finance ALYI’s growth by offering participation in the EV ecosystem through the sale of Revolt Tokens.

To learn more about Revolt Token and how to participate in ALYI’s electric vehicle ecosystem through the purchase of Revolt Tokens, visit  https://rvlttoken.com/.

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.

For more information, please visit: http://www.alternetsystemsinc.com
Alternet Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297

FAQ

What is the recent revenue target for ALYI in 2021?

ALYI is targeting $2 million in revenue from electric motorcycle sales in 2021.

Where is ALYI delivering electric vehicles?

ALYI is delivering electric vehicles in Africa, specifically starting in Addis Ababa.

What vehicles has ALYI recently pilot-delivered?

ALYI has pilot-delivered electric three-wheel Bajaj vehicles for use as taxis and delivery vehicles.

How does ALYI plan to expand its vehicle deliveries?

ALYI aims to upgrade its contract to 100 vehicles per cycle within the next six months.

What is the role of Revolt Token in ALYI's business model?

Revolt Token is partnered with ALYI to finance growth and enable democratized participation in the EV ecosystem.