ALYI EV Business On Track To Realize First $2 Million In Revenue By Year End With Accelerated Growth Next Year

Rhea-AI Summary

Alternet Systems, Inc. (OTC Pink: ALYI) is on target for $2 million in revenue by year-end 2021 from its electric motorcycle sales in Africa. CEO Randell Torno has confirmed acquisition terms for a majority stake in a Nairobi business to enhance revenue. This agreement is expected to be concluded in two weeks. ALYI aims to build an Electric Vehicle Ecosystem addressing the complete EV adoption environment, supporting a transition from combustion engines to electric vehicles. The company has partnered with Revolt Token to facilitate financing through token sales.

Positive

• Projected revenue of $2 million by year-end 2021 from electric motorcycle sales.
• Acquisition of a Nairobi business to accelerate electric vehicle revenue.
• Strategic partnership with Revolt Token to finance growth through token sales.

Negative

• None.

Dallas, Texas, Nov. 12, 2021 (GLOBE NEWSWIRE) -- Alternet Systems, Inc. (OTC Pink: ALYI) (“ALYI”) today confirmed the company is on track to realize a $2 million revenue target by year-end 2021 anticipated from sales of its first electric motorcycles into the African motorcycle market.  Yesterday, ALYI CEO Randell Torno finalized acquisition terms to acquire a majority interest in a Nairobi business designed to accelerate the company’s electric vehicle revenue.  The acquisition agreement is expected to be finalized and executed with the next two weeks.

ALYI is an Electric Vehicle and overall Electric Vehicle Ecosystem company concentrating on the East African market with plans to expand into to the overall global developing economic market.

ALYI is building an entire Electric Vehicle (EV) Ecosystem that addresses the entire EV adoption environment, from the perpetual design of best in class vehicles to the perpetual design of the myriad of mechanical and digital systems that go into a best in class vehicle; from the charging and maintenance infrastructure that goes into supporting consumer and commercial vehicles, to the EV value proposition itself that drives consumers and businesses to transition from combustion engines to electric powered vehicles.

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  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.

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 Alternet Systems' revenue target for 2021?

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

What acquisition did ALYI confirm in November 2021?

ALYI confirmed it is acquiring a majority interest in a Nairobi business to enhance electric vehicle revenue.

How is ALYI financing its growth?

ALYI is financing its growth through a partnership with Revolt Token, offering token sales.