ALYI Engages Potential M&A Opportunity That Could Accelerate EV Market Share Expansion

Rhea-AI Summary

Alternet Systems, Inc. (OTC Pink: ALYI) announced a significant merger and acquisition opportunity relating to its electric motorcycle pilot in Kenya, which could enhance its market share in the electric vehicle sector. CEO Randell Torno is in Nairobi coordinating with partners involved in the pilot and has identified potential partnerships and acquisitions with local electric vehicle initiatives facing capital constraints. ALYI aims to consolidate resources and expand its electric vehicle market presence while also partnering with Revolt Token to finance growth through democratized participation.

Positive

• Identified potential merger and acquisition opportunities in Kenya to enhance market share.
• Confirmed an order for 2,000 electric motorcycles.
• Engaged local electric vehicle initiatives for potential partnerships, improving capital access.
• Designing an EV ecosystem solution with participation through Revolt Token.

Negative

• None.

Dallas, TX, Aug. 05, 2021 (GLOBE NEWSWIRE) -- Alternet Systems, Inc. (OTC Pink: ALYI) (“ALYI”) today announced a potential merger and acquisition opportunity coming from the company’s evolving electric motorcycle pilot in Kenya that could substantially accelerate the expansion of ALYI’s overall electric vehicle market share.

ALYI CEO Randell Torno is currently in Nairobi to coordinate with all pilot parties and partners on the various aspects of the ALYI electric motorcycle pilot. 

While ALYI confirms having an order for 2,000 electric motorcycles, the current pilot is uncovering a much larger opportunity. 

ALYI is not the only initiative targeting the opportunity to repopulate the robust combustion engine motorcycle taxi market with electric motorcycles. 

In the course of Randell Torno’s current pilot meetings in Nairobi, he has discovered and engaged an opportunity to potentially accelerate and expand ALYI’s EV initiative not just within the motorcycle taxi market, but within additional commercial fleets with additional electric vehicles other than electric motorcycles.

The Kenyan electric vehicle market is relatively well populated with various, small electric vehicle initiatives, many of which are impacted by capital constraints speculatively resulting from the impact of investor concerns surrounding Covid.  Mr. Torno had the opportunity to visit with a number of these EV initiatives and found them receptive to partnerships and potential acquisition transactions that could improve access to capital. ALYI is rapidly drafting a plan to potentially consolidate local resources and substantially accelerate and expand its overall EV market share expansion.

ALYI has designed its EV ecosystem solution to include democratized participation. ALYI has partnered with Revolt Token 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 www.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.

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 significance of the merger and acquisition opportunity for ALYI?

The merger and acquisition opportunity could substantially accelerate ALYI's market share expansion in the electric vehicle sector, especially in the motorcycle taxi market in Kenya.

How many electric motorcycles has ALYI confirmed an order for?

ALYI has confirmed an order for 2,000 electric motorcycles.

Who is leading the electric motorcycle pilot in Kenya for ALYI?

CEO Randell Torno is leading the electric motorcycle pilot in Kenya.

What strategy is ALYI using to finance its growth?

ALYI is partnering with Revolt Token to finance its growth by offering participation in its electric vehicle ecosystem.

What challenges are other electric vehicle initiatives facing in Kenya?

Other electric vehicle initiatives in Kenya are facing capital constraints, which may affect their operations and growth.