ALYI Announces $10 Million 2022 Base Revenue Target And $50 Million Stretch Target
Alternet Systems (ALYI) announced a $10 million base revenue target for 2022 and a stretch target of $50 million, driven by its electric vehicle sales in Sub-Sahara Africa. The company expects to generate $2 million in revenue for 2021. ALYI is focusing on electric motorcycles and three-wheeled vehicles for taxi services in Kenya and Ethiopia. Additionally, it plans to launch an EV race series in Kenya and has two acquisitions pending that could enhance its market penetration. Management will provide a detailed revenue presentation next week.
- Projected $10 million base revenue target for 2022.
- Anticipated growth with a stretch revenue target of $50 million.
- Expected $2 million revenue for 2021 from electric vehicle sales.
- Initiation of electric motorcycle and three-wheeled vehicle deliveries in Kenya and Ethiopia.
- Pending acquisitions that could enhance market presence.
- Plans to establish an EV race series and technology hub in Kenya.
- None.
Dallas, Texas, Nov. 22, 2021 (GLOBE NEWSWIRE) -- Alternet Systems, Inc. (OTC Pink: ALYI) (“ALYI”) today announced an initial
The base revenue target is calculated from what management anticipates to generate as a result of the projected expansion of its existing electric vehicle sales rollout in Sub Sahara Africa. ALYI has initiated the delivery of its first electric motorcycles for the taxi market in Kenya and three wheeled electric Bahas for the taxi and delivery market in Ethiopia. ALYI anticipates
In addition to vehicle sales, ALYI expects revenue from EV Ecosystem sponsorship sales and EV partnerships.
ALYI is an Electric Vehicle and overall Electric Vehicle Ecosystem company concentrating on the East African market with plans to expand into to the overall global developing economic market.
ALYI is building an 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’s EV Ecosystem strategy is centered on first introducing EVs in the rugged and economically developing Sub Saharan region of Africa. Sub-Sahara Africa provides both a technology leapfrog opportunity with low per capita transportation resources and an ideal proving ground for best-in-class EV solutions. EVs can be a first transportation resource here, not one that has to replace an existing conventional transportation resource. And if an EV solution can meet the environmental, limited resource, and economic challenges of Sub-Sahara Africa, then it is a proven best in class EV solution.
ALYI intends to build a globally recognized EV race series in Kenya in conjunction with an EV technology hub hosting EV race events combined with EV technology symposiums and trade shows. ALYI plans to brand the EV race and technology hub as essential to every EV business contender. ALYI’s vision is for every EV business to view participation in ALYI’s Kenya EV race and technology hub as critical to their own respective EV brands.
ALYI has recently announced finalizing terms on two acquisitions anticipated to close within the next two weeks. One acquisition expands ALYI’s potential to penetrate the motorcycle taxi market in Kenya and the second acquisition secures ALYI’s electric motorsports business. The electric motorsports business could begin generating revenue in 2022 and move ALYI substantiatly toward its stretch revenue target.
ALYI also anticipates revenue from its partnership program. ALYI is developing key EV Ecosystem partnerships structured with the potential to generate income. The first such partnership income is anticipated in 2022 and once confirmed that the partnership is executing on time, the revenue contribution is anticipated to be substantial.
Management will publish a target revenue presentation next week with details on its projected EV sales, EV Ecosystem Sponsorship sales and EV Ecosystem Partnership income.
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 Alternet Systems' revenue target for 2022?
What is the stretch revenue target for Alternet Systems in 2022?
Where is Alternet Systems focusing its electric vehicle sales?
What type of vehicles is Alternet Systems delivering in Kenya?
When will Alternet Systems publish its target revenue presentation?
