ALYI Confirms $2M In 2021 EV Sales With $50M 2022 Revenue Target Coming Into Sight

Rhea-AI Summary

Alternet Systems, Inc. (OTC Pink: ALYI) anticipates generating $2 million in revenue for 2021 from sales of electric motorcycles and three-wheeled vehicles in East Africa, despite a previous press release error indicating 2022.

The company aims for a $50 million revenue goal in 2022 and will present a strategic outlook on January 11, 2022. ALYI's EV Ecosystem strategy targets the East African market, emphasizing democratized participation through partnerships, such as with Revolt Token.

Positive

• Forecasting $2 million in revenue for 2021 from electric vehicle sales.
• Aim for a $50 million revenue goal in 2022.
• Focus on first-to-market EV solutions in East Africa.

Negative

• None.

Dallas, Texas, Dec. 28, 2021 (GLOBE NEWSWIRE) -- Alternet Systems, Inc. (OTC Pink: ALYI) today confirmed 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 (A press release was published last week that mistakenly indicated “2022” instead of “2021” in the headline when referring the $2 million in EV sales).

ALYI management indicates the conditions and milestones necessary for the company to reach its $50 million stretch revenue goal for 2022 are coming together.

The company plans to release a 2022 strategic outlook presentation on January 11^th, 2022.

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 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.

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

FAQ

What revenue does ALYI expect for 2021?

ALYI anticipates $2 million in revenue for 2021 from electric vehicle sales.

What is ALYI's revenue goal for 2022?

ALYI aims for a $50 million revenue goal in 2022.

When will ALYI release its strategic outlook?

ALYI plans to release its 2022 strategic outlook on January 11, 2022.

What market is ALYI targeting with its EV strategy?

ALYI is focusing on the East African market for its electric vehicle ecosystem.