ALYI Finalizes Ethiopian EV Expansion Plans And Could Exceed This Years $2 Million Revenue Target

Rhea-AI Summary

Alternet Systems, Inc. (OTC Pink: ALYI) has finalized terms to deliver three-wheeled electric vehicles into the taxi market in Ethiopia. This expansion follows a previously announced $2 million revenue target from electric motorcycle sales in Kenya.

ALYI focuses on enhancing the Electric Vehicle (EV) ecosystem in East Africa, with plans for global market expansion. Their strategy includes partnerships like RevoltTOKEN to finance growth by offering token participation in their EV ecosystem.

Positive

• Expansion into the Ethiopian taxi market could enhance revenue beyond the $2 million target set for 2021.
• Partnership with RevoltTOKEN aims to democratize participation in ALYI's EV ecosystem.

Negative

• The company faces risks related to achieving significant sales and meeting contract performance requirements.

Dallas, TX, Sept. 23, 2021 (GLOBE NEWSWIRE) -- Alternet Systems, Inc. (OTC Pink: ALYI) (“ALYI”) today announced finalizing terms to deliver 3 wheeled electric vehicles (EV) into the taxi market in Ethiopia.

ALYI recently announced a $2 million 2021 revenue target anticipated from sales of its first electric motorcycles into the motorcycle taxi market in Kenya. The expansion into Ethiopia could add to the $2 million target for 2021.

ALYI is 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.

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 RevoltTOKEN 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 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 is ALYI's revenue target for 2021?

ALYI has set a revenue target of $2 million for 2021 from electric motorcycle sales in Kenya.

What new market is ALYI expanding into?

ALYI is expanding into the Ethiopian taxi market with three-wheeled electric vehicles.

How is ALYI financing its growth?

ALYI is partnering with RevoltTOKEN to offer participation through token sales in its EV ecosystem.

What are the risks mentioned in ALYI's press release?

Risks include the ability to achieve significant sales and meet performance requirements of contracts.