ALYI Electric Motorcycle Shipments Continue On Schedule Serving $2 Million Order

Rhea-AI Summary

Alternet Systems (OTC Pink: ALYI) announced the timely arrival of electric motorcycle shipments in Kenya, fulfilling a $2 million order for the motorcycle taxi market. The company is implementing a lease-to-own model for local drivers and plans to expand this contract framework to Brazil and Ethiopia by June. ALYI will incorporate cryptocurrency payment solutions into these contracts, enhancing its electric vehicle ecosystem through Revolt Tokens. This expansion underscores ALYI’s strategic growth in international markets while leveraging innovative financing options.

Positive

• Successful shipment of electric motorcycles in Kenya fulfilling a $2 million order.
• Implementation of lease-to-own contracts enhances market penetration.
• Plans to expand operations into Brazil and Ethiopia by June.
• Introduction of cryptocurrency payment mechanisms could attract a broader customer base.

Negative

• Dependence on contractual performance, which poses risks if schedule expectations are not met.
• Emerging competition in the electric motorcycle market could jeopardize future sales.

Dallas, Texas, May 04, 2022 (GLOBE NEWSWIRE) -- Alternet Systems, Inc (OTC Pink: ALYI) today announced electric motorcycle shipments are arriving on schedule in Kenya serving a $2 million order received by ALYI last year to deliver electric motorcycles for the local motorcycle taxi market. 

ALYI is currently delivering on a $2 million electric motorcycle order in Kenya serving the motorcycle taxi market by providing electric motorcycles to drivers on a lease-to-own contract.

ALYI is now using the Kenyan template in additional regions.  ALYI expects to execute a similar contract in Brazil and Ethiopia by the end of June.

In the lease-to-own terms agreements in Brazil and Ethiopia, ALYI plans to add a cryptocurrency payment mechanism. Following the implementation of the cryptocurrency solution in Brazil and Ethiopia, ALYI will retroactively implement the proven solution in Kenya.

ALYI has developed a cryptocurrency financing strategy for its EV ecosystem. Participation in ALYI’s EV Ecosystem is facilitated through the sale of Revolt Tokens (RVLT) – learn more about RVLT at https://rvlttoken.com/. 

To learn more about ALYI, 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.

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

Attachment

• ALYI Electric Motorcycle Shipments Continue On Schedule Serving $2 Million Order

FAQ

What recent announcement did Alternet Systems (ALYI) make regarding its electric motorcycles?

Alternet Systems announced timely shipments of electric motorcycles to Kenya, fulfilling a $2 million order for the motorcycle taxi market.

What is the lease-to-own strategy implemented by ALYI in Kenya?

ALYI is providing electric motorcycles to drivers in Kenya under a lease-to-own contract model.

Which new markets is ALYI planning to enter by June?

ALYI plans to expand its electric motorcycle operations to Brazil and Ethiopia by the end of June.

How will cryptocurrency be integrated into ALYI's business model?

ALYI plans to add a cryptocurrency payment mechanism to its lease-to-own contracts in Brazil and Ethiopia.

What are Revolt Tokens (RVLT) in relation to ALYI?

Revolt Tokens are part of ALYI’s financing strategy for its electric vehicle ecosystem.