ALYI Electric Motorcycle Production On Track To Reach $2 Million Revenue By Year End 2021 And $10 Million In 2022

Rhea-AI Summary

Alternet Systems, Inc. (OTC Pink: ALYI) announced that its electric motorcycle production is on track to meet a revenue target of $2 million by year-end 2021 and aims for $10 million in 2022. The company will provide more details on its revenue plans during a presentation scheduled for December 2, which will include an ambitious stretch target of $50 million for 2022. However, the release includes forward-looking statements that involve risks, such as competition and contract performance uncertainties.

Positive

• On track to reach $2 million revenue by year-end 2021.
• Confirmed initial revenue target of $10 million for 2022.
• Stretch revenue target of $50 million for 2022.

Negative

• Risks include competition with greater financial resources.
• Uncertainties around meeting schedule and performance requirements.

Dallas, Texas, Nov. 29, 2021 (GLOBE NEWSWIRE) -- Alternet Systems, Inc. (OTC Pink: ALYI) (“ALYI”) today announced the company’s electric motorcycle production to support fulfillment of electric motorcycles for the motorcycle taxi market in East Africa is on track to support the company’s $2 million revenue target for year-end 2021 and to support the company’s confirmed initial $10 million base revenue target for 2022.

Management will present the revenue target plans in more detail later this week, on Thursday, December 2^nd.  The presentation will include an overview of ALYI’s stretch revenue target of $50 million for 2022.

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

Attachment

• ALYI Electric Motorcycle Production On Track To Reach $2 Million Revenue By Year End 2021 And $10 Million In 2022

FAQ

What is Alternet Systems' revenue target for 2021?

Alternet Systems aims to achieve a revenue target of $2 million by year-end 2021.

What are Alternet Systems' revenue goals for 2022?

The company has confirmed an initial revenue target of $10 million for 2022, with a stretch target of $50 million.

When will Alternet Systems present its revenue plans?

Alternet Systems will present its revenue target plans on December 2, 2021.

What challenges does Alternet Systems face according to the press release?

The company faces challenges such as competition from companies with greater financial resources and risks associated with meeting contract performance requirements.

Where can I find more information about Alternet Systems?

More information can be found on the company’s website at www.alternetsystemsinc.com.