ALYI Expects To Close Two Strategic EV Acquisitions Next Month Increasing Both Revenue And Margin Potential

Rhea-AI Summary

Alternet Systems (OTC Pink: ALYI) announced plans for two strategic acquisitions targeting the East African market, scheduled for November. The first acquisition aims to integrate ALYI into Kenya's motorcycle taxi market, enhancing profitability by adding higher-margin revenues. The second acquisition will support ALYI's initiative to launch an annual brand-name EV race in Kenya, further boosting revenue potential. The company anticipates $2 million in revenue from electric motorcycle sales in Africa.

Positive

• Strategic acquisitions aimed at integrating ALYI into the Kenyan motorcycle taxi market, enhancing profitability.
• Introduction of an annual brand-name EV race in Kenya, increasing revenue prospects.
• $2 million revenue target from electric motorcycle sales in 2021.

Negative

• None.

Dallas, TX, Oct. 19, 2021 (GLOBE NEWSWIRE) -- Alternet Systems, Inc. (OTC Pink: ALYI) (“ALYI”) 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, today announced the company plans to execute two strategic acquisitions of East African companies next month, in November.

The first of the two acquisitions is designed to strategically integrate ALYI into the motorcycle taxi market in Kenya and enhance the company’s profits by ultimately adding higher margin revenue from the taxi operations to the revenue generated from the sale of electric motorcycles.

The second acquisition will solidify ALYI’s strategy to introduce an annual brand name EV race in Kenya and at the same time, increase ALYI’s revenue and margin potential.

ALYI CEO Randell Torno will be in Nairobi and London next month in conjunction with the anticipated closing of the two acquisitions.

The company recently announced a $2 million 2021 revenue target anticipated from sales of its first electric motorcycles into the African motorcycle 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 Revolt Token to finance ALYI’s growth by offering participation in the EV ecosystem through the sale of Revolt Tokens.

To learn more about Revolt Token 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 are the details of the acquisitions planned by Alternet Systems (ALYI)?

Alternet Systems plans to acquire two East African companies aimed at entering the motorcycle taxi market and launching an annual EV race in Kenya.

How will the acquisitions impact Alternet Systems' revenue?

The acquisitions are expected to enhance ALYI's profitability and revenue potential, particularly from higher-margin taxi operations and the EV race initiative.

When are the acquisitions by ALYI expected to close?

The acquisitions are planned to close in November 2021.

What is ALYI's revenue target for 2021?

Alternet Systems anticipates generating $2 million in revenue from electric motorcycle sales in the African market in 2021.