ALYI EV Timing Benefits From Trend In African Tech Startup Sector That Is Beating Pandemic Odds As Money Pours Into Ecosystem

Rhea-AI Summary

On September 14, 2020, Alternet Systems (ALYI) discussed the surge in investment within the African tech startup sector during the global pandemic. ALYI has initiated a $20 million electric motorcycle order and is in talks for an additional $30 million contract, leading to a potential $300 million revenue opportunity over six years. The company is also planning a cryptocurrency offering (RevoltTOKEN) to integrate stakeholders into its electric mobility ecosystem. ALYI is poised for substantial revenue growth as it leverages the booming investment climate in Africa.

Positive

• Initiated $20 million electric motorcycle order.
• Potential $300 million revenue opportunity from contracts.
• Additional $30 million contract in negotiation.
• Plans for a cryptocurrency offering to enhance stakeholder participation.

Negative

• None.

DALLAS, Sept. 14, 2020 /PRNewswire/ -- Alternet Systems, Inc. (USOTC: ALYI) today highlighted tech startup sector trend prevailing during the global pandemic with money pouring in.  The tech sector in Africa has seen record investments in recent years and lately, the tech sector in Africa has enjoyed record breaking multinational acquisitions.

Quartz Africa

ALYI initiated its EV business initiative over two years ago in Sub Saharan Africa and is now enjoying the benefit of both the EV sector investment boom and the African investment sector boom.

ALYI currently has entered into an initial $20 million electric motorcycle order and an additional letter of intent for a $30 million contract. Both agreements cover six-year durations resulting in an overall $300 million revenue opportunity for ALYI.  A new order expected to be signed later month would edge ALYI toward a $500 million revenue opportunity outlook.

ALYI's electric mobility ecosystem has been designed to invite wide participation with the catalyst launching the ecosystem into perpetual motion built around a planned initial cryptocurrency offering (ICO) organized by ALYI funding partner RevoltTOKEN.

The RevoltTOKEN cryptocurrency is structured to incorporate the holder as a stakeholder into the ALYI electric mobility ecosystem.

The RevoltTOKEN cryptocurrency is a utility token with redeemable value into the ALYI electric mobility ecosystem.

All interested in purchasing RevoltTOKEN cryptocurrency are encouraged to thoroughly review the white paper currently in a draft form and available on the RevoltTOKEN website (www.revolttoken.com) where the cryptocurrency redemption options are listed. 

The whitepaper also details the overall vision of the ALYI electric mobility ecosystem in partnership with those becoming RevoltTOKEN stakeholders.

RevoltTOKEN is prepared to promptly move forward with the planned ICO. The ICO date and details will be forthcoming in several soon to be published future updates.

In the meantime, any parties interested in the pre-ICO purchase of RevoltTOKEN cryptocurrency can contact the company by email at ir@revolttoken.com to explore pre-ICO incentives and opportunities.

For more information and to stay up to date on ALYI's latest developments, please visit: http://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.

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

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SOURCE Alternet Systems, Inc.

FAQ

What recent developments has ALYI announced regarding their electric motorcycle business?

ALYI has initiated a $20 million electric motorcycle order and is negotiating an additional $30 million contract.

How much revenue opportunity is projected for ALYI from its current contracts?

ALYI projects a potential revenue opportunity of $300 million from its current contracts over six years.

What is the purpose of the RevoltTOKEN cryptocurrency for ALYI?

RevoltTOKEN aims to involve holders as stakeholders in ALYI's electric mobility ecosystem.

When was the press release regarding ALYI's business initiative published?

The press release was published on September 14, 2020.

What is the stock symbol for Alternet Systems?

The stock symbol for Alternet Systems is ALYI.