ALYI Anticipates Reporting $2 Million In 2022 EV Sales Targeting $50 Million For 2022

Rhea-AI Summary

Alternet Systems (ALYI) projects $2 million in revenue for 2021 from electric motorcycles and three-wheeled vehicles serving East Africa's taxi and delivery markets. The company plans to target $10 million in 2022 with an ambitious stretch goal of $50 million. ALYI's strategy focuses on an electric vehicle ecosystem that encourages democratized participation, partnering with Revolt Token (RVLT) to support growth through token sales. The press release also contains forward-looking statements, highlighting potential risks such as competition and contract performance.

Positive

• Projected revenue of $2 million for 2021 from electric vehicle sales.
• Ambitious revenue targets of $10 million for 2022, with a stretch goal of $50 million.
• Focus on the East African market where EV solutions can serve unmet transportation needs.
• Partnership with Revolt Token to finance the growth of the EV Ecosystem.

Negative

• Forward-looking statements indicate risks including competition and performance uncertainties.
• Dependence on the East African market may expose ALYI to regional economic fluctuations.

DALLAS, Dec. 21, 2021 /PRNewswire/ -- Alternet Systems, Inc. (USOTC: ALYI) today announced the company anticipates realizing $2 million in revenue in 2021 resulting from the sale of electric motorcycles and three wheeled electric vehicles going into service in the taxi and delivery markets in East Africa.

ALYI's Electric Vehicle (EV) Ecosystem strategy is concentrating efforts first on developing solutions for the East African market where per capita transportation is low and EV solutions have the potential to be a first to market transportation solution rather than a replacement of an existing solution. 

ALYI has announced a $10 million revenue target for 2022 with a stretch revenue target to $50 million.

ALYI has designed its EV Ecosystem solution to include democratized participation. ALYI has partnered with Revolt Token (RVLT) 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.

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

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SOURCE Alternet Systems, Inc.

FAQ

What revenue does ALYI anticipate for 2021?

Alternet Systems (ALYI) anticipates $2 million in revenue for 2021.

What are ALYI's revenue targets for 2022?

The company has set a revenue target of $10 million for 2022 with a stretch goal of $50 million.

What market is ALYI focusing on for its electric vehicles?

ALYI is concentrating on the East African market for its electric motorcycles and three-wheeled vehicles.

Who is ALYI partnering with for financing its EV Ecosystem?

ALYI has partnered with Revolt Token (RVLT) to finance its growth.

What risks are associated with ALYI's future projections?

Risks include competition, the company's liquidity position, and the ability to obtain new contracts.