ALYI CEO On The Ground In Nairobi To Advance First Of Two Acquisitions In EV Sector

Rhea-AI Summary

Alternet Systems, Inc. (OTC Pink: ALYI) announced a strategic acquisition in Nairobi targeting the motorcycle taxi market, expected to generate immediate revenue from an estimated $3.3 billion annual market. This move will position ALYI to shift from combustion engine to electric motorcycles. Furthermore, CEO Randell Torno is preparing for a second acquisition aimed at introducing a branded annual EV race in Kenya, potentially enhancing revenue streams. ALYI projects $2 million in 2021 revenue from electric motorcycle sales within the African market, while building a comprehensive Electric Vehicle Ecosystem.

Positive

• Acquisition in Nairobi expected to generate immediate revenue from the motorcycle taxi market, estimated at $3.3 billion annually.
• Position to manage conversion of over one million combustion engine motorcycle taxis to electric.
• Anticipated $2 million revenue target for 2021 from electric motorcycle sales.

Negative

• None.

Dallas, TX, Nov. 08, 2021 (GLOBE NEWSWIRE) -- Alternet Systems, Inc. (OTC Pink: ALYI) (“ALYI”) today announced ALYI CEO Randell Torno is in Nairobi to advance the first of two acquisitions expected to accelerate the company’s electric vehicle revenue.

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.

The target acquisition in Nairobi is designed to give ALYI entry into the existing motorcycle taxi market in Kenya. Through the acquisition, ALYI will begin to generate revenue immediately from the existing motorcycle taxi market in Kenya with an estimated $3.3 billion in revenue annually from over one million motorcycle taxis providing over 20 million rides per day. ALYI will then be in an ideal position to manage the conversion of combustion engine powered motorcycle taxis to electric motor-powered motorcycle taxis.

Torno will head to London next week in conjunction with the anticipated closing of a second acquisition expected to solidify ALYI’s strategy to introduce an annual brand name EV race in Kenya and at the same time, increase ALYI’s revenue and margin potential.

The company recently announced a $2 million 2021 revenue target anticipated from sales of its first electric motorcycles into the African motorcycle 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 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/.

Look for more information on the two target acquisitions addressed herein to be coming over the course of Mr. Torno’s travels this week and next.

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 purpose of ALYI's acquisition in Nairobi?

The acquisition aims to enter the motorcycle taxi market in Kenya, generating immediate revenue.

How much revenue does the motorcycle taxi market in Kenya generate?

The motorcycle taxi market in Kenya generates an estimated $3.3 billion annually.

What are ALYI's projections for revenue in 2021?

ALYI projects $2 million in revenue for 2021 from electric motorcycle sales.

What is the significance of ALYI's planned EV race in Kenya?

The EV race aims to solidify ALYI's strategy and increase revenue and margin potential.

How will ALYI's acquisition impact its electric vehicle ecosystem?

The acquisition will enhance ALYI's ability to manage the transition from combustion to electric motorcycles.