ALYI Expands EV Sales Into Ethiopia And Could Exceed 2021 $2 Million Revenue Target

Rhea-AI Summary

Alternet Systems (USOTC: ALYI) has finalized terms to introduce 3-wheeled electric vehicles into Ethiopia's taxi market, aiming to enhance its EV ecosystem. This move could boost the company's $2 million revenue target for 2021, initially set from motorcycle sales in Kenya. ALYI is focused on creating a comprehensive EV ecosystem, democratizing participation through Revolt Tokens to finance growth. The company is poised for expansion in the East African and broader developing economic markets.

Positive

• Expansion into Ethiopia's taxi market could increase 2021 revenue beyond the $2 million target.
• Partnership with RevoltTOKEN allows for democratized participation in the EV ecosystem.

Negative

• None.

DALLAS, Sept. 23, 2021 /PRNewswire/ -- Alternet Systems, Inc. (USOTC: ALYI) ("ALYI") today announced finalizing terms to deliver 3 wheeled electric vehicles (EV) into the taxi market in Ethiopia.

ALYI recently announced a $2 million 2021 revenue target anticipated from sales of its first electric motorcycles into the motorcycle taxi market  in Kenya. The expansion into Ethiopia could add to the $2 million target for 2021.

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 ReovltTOKEN 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

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SOURCE Alternet Systems Inc.

FAQ

What is Alternet Systems' revenue target for 2021?

Alternet Systems has set a revenue target of $2 million for 2021 from its electric motorcycle sales.

How is ALYI expanding its market presence?

ALYI is expanding into the Ethiopian taxi market with 3-wheeled electric vehicles.

What is the significance of Revolt Tokens for ALYI?

Revolt Tokens are used to finance ALYI's growth and allow democratized participation in its electric vehicle ecosystem.

What type of vehicles is ALYI introducing in Ethiopia?

ALYI is introducing 3-wheeled electric vehicles into the taxi market in Ethiopia.

What markets is ALYI primarily targeting?

ALYI is primarily targeting the East African market and plans to expand into the global developing economic market.