ALYI Expects To Triple Current $2 Million In EV Orders By End Of June With Cryptocurrency Enhancement To Order And Delivery Process

Rhea-AI Summary

Alternet Systems (ALYI) announced plans to secure two additional electric motorcycle orders worth $2 million each by the end of June. Currently fulfilling a $2 million order in Kenya, ALYI aims to replicate this model in Brazil and Ethiopia. The company is integrating a cryptocurrency payment mechanism into its lease-to-own contracts in these countries. This strategy is expected to enhance its electric vehicle ecosystem through Revolt Tokens (RVLT). Market conditions and competition pose risks to meeting sales expectations.

Positive

• Plans to secure two additional $2 million electric motorcycle orders by the end of June.
• Currently fulfilling a $2 million order in Kenya for the motorcycle taxi market.
• Expansion of business model to Brazil and Ethiopia using the successful Kenyan template.
• Integration of cryptocurrency payment mechanism in new lease-to-own contracts.

Negative

• Dependence on the execution of new contracts amidst competitive pressures.
• Risks associated with liquidity and meeting performance requirements.

DALLAS, April 28, 2022 /PRNewswire/ -- Alternet Systems, Inc (USOTC: ALYI) today announced the company plans to sign two additional $2 million electric motorcycle orders by the end of June.

ALYI is currently delivering on a $2 million electric motorcycle order in Kenya serving the motorcycle taxi market by providing electric motorcycles to drivers on a lease-to-own contract.

ALYI is now using the Kenyan template in additional regions.  ALYI expects to execute a similar contract in Brazil and Ethiopia by the end of June.

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 and Ethiopia, ALYI plans to add a cryptocurrency payment mechanism. Following the implementation of the cryptocurrency solution in Brazil and Ethiopia, 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

 

 

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SOURCE Alternet Systems, Inc.

FAQ

What are the new electric motorcycle orders announced by ALYI?

ALYI announced plans to secure two additional electric motorcycle orders, each worth $2 million, by the end of June.

When is ALYI expected to finalize orders in Brazil and Ethiopia?

ALYI expects to execute contracts in Brazil and Ethiopia by the end of June.

How is ALYI financing its electric vehicle ecosystem?

ALYI is using a cryptocurrency financing strategy, involving the sale of Revolt Tokens (RVLT).

What is the current status of ALYI's order in Kenya?

ALYI is currently delivering on a $2 million order in Kenya for the motorcycle taxi market.

What risks does ALYI face regarding its electric motorcycle orders?

ALYI faces risks related to liquidity, competition, and the ability to meet contract performance requirements.