ALYI Builds On $2 Million EV Contract Reported In 2021 Annual Report Ramping Up 2022 Revenue

Rhea-AI Summary

Alternet Systems (OTC Pink: ALYI) is set to release a detailed shareholder update on April 20, 2022, focusing on recent developments. The company confirmed a $2 million purchase order for 2,000 electric motorcycles, with an initial deposit received and the first shipment completed in December 2021. This order aims to boost revenue as ALYI builds its Electric Vehicle Ecosystem. The upcoming update will elaborate on how the company plans to leverage this contract for revenue growth in 2022.

Positive

• Received a $2 million purchase order for 2,000 electric motorcycles.
• First shipment of motorcycles was successfully completed in December 2021.
• Plans to enhance revenue in 2022 based on the existing contract.

Negative

• None.

Dallas, Texas, April 19, 2022 (GLOBE NEWSWIRE) -- Alternet Systems, Inc (OTC Pink: ALYI) will publish a detailed shareholder update highlighting the company’s latest developments. The update will come out tomorrow, Wednesday, April 20, 2022.

ALYI recently published its 2021 annual report which included a 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 is building an EV Ecosystem that includes organic and partner solutions for all aspects of the growing EV transportation system.

The update tomorrow will detail how ALYI is building on the 2021 $2 million revenue contract to ramp up revenue in 2022.

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 latest update from Alternet Systems (ALYI)?

Alternet Systems will publish a shareholder update on April 20, 2022, detailing recent company developments.

What was the value of the purchase order received by ALYI?

ALYI received a $2 million purchase order for 2,000 electric motorcycles.

When was the first shipment of motorcycles sent by ALYI?

The first shipment of motorcycles was sent in December 2021.

How does ALYI plan to increase revenue in 2022?

ALYI plans to ramp up revenue by leveraging the $2 million contract for electric motorcycles.