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ALYI Announces Electric Motorcycle Production Underway On Track To Realize $2 Million Revenue Target By Year End 2021

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Alternet Systems, Inc. (OTC Pink: ALYI) has announced the commencement of production for an order of 2,000 electric motorcycles to operate as boda-bodas in Kenya. This initiative aligns with ALYI's goal to achieve a revenue target of $2 million from these sales in 2021. The company's strategy focuses on developing a comprehensive Electric Vehicle Ecosystem to capitalize on the East African market and intends to expand globally. Additionally, ALYI is partnering with RevoltTOKEN to facilitate investment in its EV ecosystem through token sales.

Positive
  • Production of 2,000 electric motorcycles for boda-boda service in Kenya is underway.
  • Company aims for $2 million revenue from motorcycle sales in 2021.
  • Focus on building a comprehensive Electric Vehicle Ecosystem targeting East Africa.
Negative
  • None.

Dallas, TX , Sept. 30, 2021 (GLOBE NEWSWIRE) -- Alternet Systems, Inc. (OTC Pink: ALYI) (“ALYI”) today announced production is now underway to begin fulfillment on an order for 2,000 electric motorcycles to go into service in Kenya as motorcycle taxis or boda-bodas.

ALYI management believes the production is on track for the company to realize its recently announced $2 million 2021 revenue target anticipated from the sales of the electric motorcycles.

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 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 RevoltTOKEN to finance ALYI’s growth by offering participation in the EV ecosystem through the sale of Revolt Tokens.

To learn more about RevoltTOKEN 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 latest news on Alternet Systems, Inc. (ALYI)?

Alternet Systems has begun production for an order of 2,000 electric motorcycles intended for service as boda-bodas in Kenya.

How much revenue does ALYI expect from its motorcycle sales in 2021?

ALYI anticipates a revenue target of $2 million from the sales of electric motorcycles.

Where is ALYI focusing its electric vehicle efforts?

ALYI is concentrating on the East African market with plans for global expansion in the electric vehicle sector.

Who is financing ALYI's growth through the sale of tokens?

ALYI is partnering with RevoltTOKEN to offer participation in its electric vehicle ecosystem through token sales.

ALTERNET SYSTEMS INC

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