ALYI Confirms $10 Million Base and $50 Million Stretch Revenue Targets – Details Next Week

Rhea-AI Summary

Alternet Systems, Inc. (OTC Pink: ALYI) announced a $10 million base revenue target for 2022, with a stretch target of $50 million. This confirmation follows an initial announcement earlier this week. Further details on these targets are expected to be presented on December 2nd. The release includes a disclaimer highlighting various risks and uncertainties, suggesting that these targets may not be achieved due to factors such as competition and liquidity challenges.

Positive

• Confirmed $10 million base revenue target for 2022.
• Set stretch revenue target at $50 million.

Negative

• Targets may not be achieved due to competition and liquidity issues.

Dallas, Texas, Nov. 24, 2021 (GLOBE NEWSWIRE) -- Alternet Systems, Inc. (OTC Pink: ALYI) (“ALYI”) today confirmed an initial $10 million base revenue target for 2022 and a stretch revenue target of $50 million previously announced this week on Monday.

ALYI Announces $10 Million 2022 Base Revenue Target And $50 Million Stretch Target

Management will present the revenue target plans in more detail next week, on Thursday, December 2^nd.

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 revenue target for Alternet Systems in 2022?

Alternet Systems has set a $10 million base revenue target for 2022 with a stretch target of $50 million.

When will details about the revenue targets be presented?

Details will be presented on December 2nd.

What risks are associated with Alternet Systems' revenue targets?

The risks include competition, liquidity issues, and the ability to secure new contracts.

What is the stock symbol for Alternet Systems?

The stock symbol for Alternet Systems is ALYI.