STOCK TITAN

ALYI EV Revenue Target For Year End 2021 To Be Published Next Week

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Alternet Systems, Inc. (OTC Pink: ALYI) announced a management update scheduled for September 9, 2021, focusing on its plan to deliver 2,000 electric motorcycles to Africa's motorcycle taxi market. The company anticipates generating over a million in revenue this year and will provide further details on revenue targets in the upcoming update. ALYI aims to establish an entire electric vehicle ecosystem, emphasizing both vehicle design and necessary infrastructure, while leveraging partnerships for financing through Revolt Tokens.

Positive
  • Anticipated revenue of over $1 million in 2021.
  • Plans to deliver 2,000 electric motorcycles to the African market, tapping into a growing industry.
Negative
  • Dependence on projected sales and market growth may pose risks given industry competition and financial uncertainties.

Dallas, TX, Aug. 30, 2021 (GLOBE NEWSWIRE) -- Alternet Systems, Inc. (OTC Pink: ALYI) (“ALYI”) today announced a management update scheduled for next week on Thursday, September 9th, 2021.  The update will highlight the company’s progress on delivering 2,000 electric motorcycles in Africa to serve the motorcycle taxi (boda-boda) market.  The company has already indicated it expects over a million in revenue this year.  The update will provide more details on anticipated sales before the end of the year to include a specific revenue target.

ALYI is building an entire 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 seeded an overall EV Ecosystem Business Strategy with the development of its own EV motorcycle business that includes the Rideshare initiative in Africa to replace existing combustion engine powered motorcycle taxis with electric motorcycles. and ALYI’s Retro Revolt Electric Motorcycle initiative in North American.

The global motorcycle taxi market was valued by Verified Market Research at $16 billion in 2018 and expected to grow to over 29 billion by 2026.
ALYI has designed its EV ecosystem solution to include democratized participation. ALYI has partnered with RevoltTOKEN to finance ALYI’s growth by offering participation in the EV ecosystem through the sale of Revolt Tokens.

To learn more about RevoltTOKEN 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 the revenue target for ALYI in 2021?

ALYI expects to generate over $1 million in revenue this year.

When is ALYI's management update?

The management update is scheduled for September 9, 2021.

How many electric motorcycles is ALYI delivering in Africa?

ALYI plans to deliver 2,000 electric motorcycles to the African market.

What market is ALYI targeting with its electric motorcycles?

ALYI is targeting the motorcycle taxi (boda-boda) market in Africa.

What financial strategy is ALYI using to support its growth?

ALYI is partnering with RevoltTOKEN to finance its growth through token sales.

ALTERNET SYSTEMS INC

OTC:ALYI

ALYI Rankings

ALYI Latest News

ALYI Stock Data

3.06M
3.06B
Information Technology Services
Technology
Link
United States of America
Miami