ALYI 2021 Annual Report Confirms $2 Million Electric Motorcycle Order

Rhea-AI Summary

Alternet Systems, Inc (OTC Pink: ALYI) has published its 2021 annual report, highlighting a significant $2 million purchase order for electric motorcycles. The order, consisting of 2,000 units, was finalized on September 1, 2021, with a deposit of $200,000 received and the first shipment completed in December 2021. The company emphasizes its commitment to building an electric vehicle ecosystem and plans to release a shareholder update on April 20, 2022, showcasing further developments.

Positive

• Received a $2 million purchase order for 2,000 electric motorcycles, indicating strong demand.
• First shipment of motorcycles completed in December 2021, demonstrating operational capability.

Negative

• Risks associated with forward-looking statements, including potential failure to meet performance requirements and competition.

Dallas, Texas, April 18, 2022 (GLOBE NEWSWIRE) -- Alternet Systems, Inc (OTC Pink: ALYI) today announced publishing the 2021 annual report. Management highlighted the report’s confirmation of ALYI receiving a $2 million purchase order for electric motorcycles, for which a deposit was received, and a first shipment sent before the end of 2021.

From the published ALYI 2021 Annual Report:

“On September 1, 2021, the Company received a $2,000,000 purchase order/agreement for 2,000 electric motorcycles FOB Nairobi, Kenya. These motorcycles are to be delivered over the term of one year in allotments agreed to by both parties. This agreement called for the buyer to advance the first $200,000, which was done. The first allotment was shipped from China in December 2021.”

ALYI will publish a detailed shareholder update highlighting the company’s latest developments.  The update will come out this week on Wednesday, April 20, 2022.

ALYI is building an EV Ecosystem that includes organic and partner solutions for all aspects of the growing EV transportation system.

To learn more about ALYI, 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.

Contact:
Alternet Systems, Inc.
Randell Torno
info@lithiumip.com
+1-800-713-0297

FAQ

What is the purchase order amount announced by Alternet Systems for electric motorcycles?

Alternet Systems announced a $2 million purchase order for 2,000 electric motorcycles.

When was the first shipment of electric motorcycles sent by ALYI?

The first shipment of motorcycles was sent in December 2021.

What is the significance of the $2 million order for ALYI?

The $2 million order signifies strong market demand and an important business development for ALYI.

When will ALYI provide a shareholder update?

ALYI plans to release a detailed shareholder update on April 20, 2022.

What are the risks associated with ALYI's forward-looking statements?

Risks include failure to meet contract performance requirements and increased competition.