ALYI Expects To Realize $2 Million In 2022 EV Sales With Sights On $50 Million For 2022

Rhea-AI Summary

Alternet Systems, Inc. (OTC Pink: ALYI) expects to generate $2 million in revenue in 2021, focusing on electric motorcycles and three-wheeled electric vehicles for the taxi and delivery sectors in East Africa. The company aims for a revenue target of $10 million in 2022, with a stretch goal of $50 million. Their Electric Vehicle Ecosystem strategy includes a partnership with Revolt Token (RVLT) to finance growth through token sales, emphasizing democratized participation in the EV market.

Positive

• Projected revenue of $2 million in 2021 from electric vehicle sales.
• Ambitious revenue target for 2022 of $10 million with a stretch goal of $50 million.
• Focus on untapped East African market for electric vehicles.

Negative

• None.

Dallas, Texas, Dec. 21, 2021 (GLOBE NEWSWIRE) -- Alternet Systems, Inc. (OTC Pink: ALYI) today announced the company anticipates realizing $2 million in revenue in 2021 resulting from the sale of electric motorcycles and three wheeled electric vehicles going into service in the taxi and delivery markets in East Africa.

ALYI’s Electric Vehicle (EV) Ecosystem strategy is concentrating efforts first on developing solutions for the East African market where per capita transportation is low, and EV solutions have the potential to be a first to market transportation solution rather than a replacement of an existing solution. 

ALYI has announced a $10 million revenue target for 2022 with a stretch revenue target to $50 million.

ALYI has designed its EV Ecosystem solution to include democratized participation. ALYI has partnered with Revolt Token (RVLT) 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.

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

FAQ

What revenue does ALYI expect in 2021?

Alternet Systems, Inc. anticipates $2 million in revenue for 2021 from electric motorcycle and vehicle sales.

What are ALYI's revenue targets for 2022?

ALYI has set a revenue target of $10 million for 2022, with a stretch goal of $50 million.

Which market is ALYI focusing on for its electric vehicles?

ALYI is concentrating on the East African market for its electric motorcycles and three-wheeled vehicles.

How is ALYI financing its growth?

ALYI is partnering with Revolt Token (RVLT) to finance its growth through the sale of Revolt Tokens.