ALYI Expects Its EV Brand Recognition To Explode Later This Year Followed By Substantial Revenue Ramp Up Next Year

Rhea-AI Summary

Alternet Systems, Inc. (OTC Pink: ALYI) anticipates a surge in brand recognition and revenue from its upcoming electric vehicle (EV) race program and motorcycle sales. The company is developing a comprehensive EV ecosystem aimed at the African market, with plans for an annual EV symposium linked to a race event in Kenya. A 90-day Electric Motorcycle pilot program is underway, linked to a 2,000 unit order, with results expected to differentiate ALYI's business. The firm is also raising funds through Revolt Tokens to support its growth.

Positive

• Anticipated increase in brand recognition from EV race program.
• Expected substantial revenue growth next year from motorcycle sales.
• Initiation of a successful Electric Motorcycle pilot program in Kenya.
• Development of a comprehensive EV ecosystem aimed at the African market.

Negative

• None.

Dallas, Texas, July 14, 2021 (GLOBE NEWSWIRE) -- Alternet Systems, Inc. (OTC Pink: ALYI) (“ALYI”) today announced that management anticipates the ALYI brand name recognition to explode later this year as its electric vehicle (EV) race program and corresponding partnerships come to light when the company announces the full extent of its EV race event scheduled to debut next year.  ALYI management also anticipates a substantial revenue ramp up next year with sales coming from the EV race event in addition to the sales ALYI anticipates from its electric motorcycles currently being piloted in conjunction with a 2,000 unit order.

ALYI is building a comprehensive EV ecosystem solution designed to advance entire EV sector with perpetual contribution to EV technology advanced by the ongoing participation of EV industry leaders. 

ALYI is targeting the participation of brand name EV industry leaders in an annual EV symposium and conferenced anchored by an EV race event in Kenya.  The objective of the EV symposium and conference is to advance EV technology by building EV solutions for the African market – a power constrained, rugged environment with one of the lowest per capita transportation deployments in the world.  EV solutions for the African market will be applicable the world around.  EV solutions designed and built in Africa also contribute to building an autonomous African economy.

ALYI has seeded its EV ecosystem solution with the development of its own EV motorcycle business.  ALYI has recently initiated an Electric Motorcycle pilot program in Kenya which is already generating results expected to set ALYI’s EV business apart from the competition.

ALYI has published an overview of the pilot program highlighting the pilot objectives.  As the pilot ramps up this month, ALYI management plans to begin sharing featured moments of the pilot program in progress to include pictures and videos.  The pilot is expected to go on for approximately ninety days.

The pilot is being conducted in conjunction with a 2,000 electric motorcycle order, the fulfillment of which is being finalized with results from the pilot.

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 www.revolttoken.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 expected impact of ALYI's electric vehicle race program?

ALYI anticipates significant brand recognition and revenue growth from its electric vehicle race program.

When is ALYI's electric motorcycle pilot program taking place?

The Electric Motorcycle pilot program is set to run for approximately 90 days, starting in July 2021.

What are ALYI's plans for the African market?

ALYI aims to advance EV technology and build solutions tailored for the African market through an annual EV symposium and race event in Kenya.

How is ALYI financing its growth?

ALYI is financing its growth by partnering with ReovltTOKEN to offer participation through the sale of Revolt Tokens.

What is the significance of the 2,000 unit order for ALYI?

The 2,000 unit order is linked to the Electric Motorcycle pilot program and is crucial for the fulfillment and success of ALYI's EV business.