ALYI Expects Second $2 Million Order Replicating African Electric Motorcycle Business In Brazil

Rhea-AI Summary

Alternet Systems (OTC Pink: ALYI) is expanding its electric vehicle (EV) ecosystem, focusing on East Africa and Latin America. The company is currently fulfilling a $2 million order for electric motorcycles in Kenya, which will be reported in its upcoming annual report. ALYI aims to replicate its model in Brazil, collaborating with local distributors to provide lease-to-own electric motorcycles for ride-hailing drivers. Additionally, ALYI is introducing a cryptocurrency payment system for its services, initially in Brazil, before implementing it in Kenya.

Positive

• Commencement of a $2 million electric motorcycle order in Kenya.
• Expansion into Brazil's motorcycle ride-sharing market.
• Development of a cryptocurrency financing strategy for the EV ecosystem.

Negative

• None.

Dallas, Texas, March 31, 2022 (GLOBE NEWSWIRE) -- Alternet Systems, Inc. (OTC Pink: ALYI) is building an EV Ecosystem that includes organic and partner solutions for all aspects of the growing EV transportation system.

ALYI has established the nucleus of its EV Ecosystem in East Africa where it has already begun to rollout a comprehensive electric motorcycle enterprise. ALYI is deploying electric motorcycles into the robust motorcycle taxi market. ALYI is actively delivering on a $2 million electric motorcycle order in Kenya executed Q4 2021 and anticipated to be included in the company’s upcoming 2021 annual report (The company will file an extension today and publish the 2021 annual report within the extension period).

ALYI is now engaged in replicating its African electric motorcycle model in Latin America, starting in Brazil.

In Brazil, ride-hailing apps such as Uber have already deployed solutions for motorcycle ride-sharing. 

See - Uber expands ride-hailing services with motorbikes in Brazil.

ALYI is now working to establish a relationship with a local distributor that will in turn offer ALYI’s electric motorcycles to ride-haling drivers on lease-to-own terms in the same manner ALYI now works with a local distributor in Kenya.

Adding Cryptocurrency Strategy In Brazil

ALYI has developed a cryptocurrency financing strategy for its EV ecosystem.  Participation in ALYI’s EV Ecosystem is facilitated through the sale of Revolt Tokens (RVLT) – learn more about RVLT at https://rvlttoken.com/.

In the lease-to-own terms agreements in Brazil, ALYI plans to add a cryptocurrency payment mechanism.  Following the implementation of the cryptocurrency solution in Brazil, ALYI will retroactively implement the proven solution in Kenya.

To learn more about ALYI, 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.

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

FAQ

What are Alternet Systems' plans for the electric motorcycle market in East Africa?

Alternet Systems is currently fulfilling a $2 million order for electric motorcycles in Kenya and has established a motorcycle enterprise there.

How is Alternet Systems expanding its operations in Latin America?

The company is replicating its electric motorcycle model in Brazil, where it aims to collaborate with local distributors for lease-to-own agreements.

What is the significance of cryptocurrency for Alternet Systems?

ALYI is integrating a cryptocurrency payment system into its lease-to-own motorcycle agreements, starting in Brazil.

When will Alternet Systems release its 2021 annual report?

The company plans to file an extension and publish the 2021 annual report within this extension period.

What market is ALYI targeting with its electric motorcycles?

ALYI is targeting the motorcycle taxi market in East Africa and Brazil.