ALYI Confirms Revolt Token Update Scheduled For Tomorrow

Rhea-AI Summary

Alternet Systems, Inc. (OTC Pink: ALYI) announced an upcoming update from funding partner RevoltTOKEN, scheduled for June 23, 2021. The update will provide details on the sales of Revolt Tokens aimed at financing ALYI's electric vehicle ecosystem strategy. ALYI's management had recently reviewed its electric motorcycle development program, highlighting contributions from iQSTEL and a new electric motorcycle pilot in Kenya. ALYI aims to build a comprehensive electric vehicle ecosystem in Sub Saharan Africa, including an annual electric vehicle race to attract industry talent.

Positive

• Upcoming update from funding partner RevoltTOKEN to enhance financing efforts for electric vehicle ecosystem.
• Management review highlights contributions from iQSTEL to electric motorcycle development.
• Initiation of a new electric motorcycle pilot in Kenya, signaling expansion of operations.

Negative

• None.

Dallas, Texas, June 22, 2021 (GLOBE NEWSWIRE) -- Alternet Systems, Inc. (OTC Pink: ALYI) today confirmed a scheduled update form ALYI’s funding partner, RevoltTOKEN, to be published tomorrow, Wednesday, June 23, 2021.

RevoltTOKEN has opened the sale of Revolt Tokens to contribute to financing ALYI’s overall electric vehicle ecosystem strategy.  In the course of the initial Revolt Token sales, ALYI’s funding partner, RevoltTOKEN has learned from the initial process and is making updates to the Revolt Token program it expects to rollout soon.  The update on Wednesday will include more details.

The RevoltTOKEN update follows an ALYI management update published on Friday.  ALYI released a management update after conducting a scheduled review of its electric motorcycle development program with the dedicated design team from MODUS Applied Innovations. 

The management update published Friday includes details on iQSTEL’s (OTCQB: IQST) contributions to ALYI’s electric motorcycle development program and EV Rideshare and Self-Drive Rental pilot program in Africa.

The management update also includes details on a parallel electric motorcycle pilot recently initiated in Kenya by the United Nations.

See the Friday management update:

ALYI Publishes EV Rideshare Update With IQST, UN and Revolt Token Highlights

ALYI's primary business focus is on its overall electric vehicle ecosystem strategy out of which electric vehicles will be just one component. 

ALYI is building its electric vehicle ecosystem in a region with one of the lowest per capita transportation ratios in the world, Sub Saharan Africa.  

To both attract industry leading talent to collaborate in ALYI's electric vehicle ecosystem, and to provide an opportunity to prove innovations coming out of the electric vehicle ecosystem, ALYI is launching an annual electric vehicle race in partnership with a brand name racing organization. The annual race event will be hosted simultaneously with an electric mobility symposium and expo.

ALYI is setting itself apart from the rest of the electric vehicle industry not only through its electric vehicle ecosystem strategy, but also through its commitment to democratize the electric vehicle ecosystem.

ALYI's financing partner and electric vehicle ecosystem collaborator, RevoltTOKEN, has already provided key funding to advance ALYI's business plan to its current stage. 

To learn more about RevoltTOKEN and how to participate in ALYI’s electric vehicle ecosystem through the purchase of Revolt Tokens, vist www.revolttoken.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.

For more information, please visit: http://www.alternetsystemsinc.com
Alternet Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297

FAQ

What update is ALYI expecting from RevoltTOKEN on June 23, 2021?

ALYI is expecting details regarding the sale of Revolt Tokens to finance its electric vehicle ecosystem strategy.

What recent developments were reported by ALYI's management?

ALYI's management reported on contributions from iQSTEL and an electric motorcycle pilot program initiated in Kenya.

How does ALYI plan to develop its electric vehicle ecosystem?

ALYI plans to develop its electric vehicle ecosystem by launching an annual electric vehicle race and symposium to attract talent.

What is the focus of ALYI's business strategy?

ALYI's business strategy focuses on building a comprehensive electric vehicle ecosystem in Sub Saharan Africa.