ALYI M&A Target Contribution Potential Included In Upcoming 2021 EV Ecosystem Revenue Update

Rhea-AI Summary

Alternet Systems, Inc. (OTC Pink: ALYI) is set to provide a management update on September 9, 2021, focusing on its goal to deliver 2,000 electric motorcycles in Africa's boda-boda market. The company anticipates over $1 million in revenue this year and will detail specific revenue targets in the update. ALYI is developing an EV Ecosystem to support the transition from combustion engines to electric vehicles, including initiatives like a rideshare program in Africa. The global motorcycle taxi market is projected to grow from $16 billion in 2018 to over $29 billion by 2026.

Positive

• Anticipated revenue exceeding $1 million for the year.
• Plans for delivery of 2,000 electric motorcycles in Africa.
• Development of an EV Ecosystem addressing electric vehicle needs.

Negative

• None.

Dallas, TX, Aug. 31, 2021 (GLOBE NEWSWIRE) -- Alternet Systems, Inc. (OTC Pink: ALYI) (“ALYI”) today announced the upcoming management update scheduled for next week on Thursday, September 9^th, 2021, to highlight the company’s progress on delivering 2,000 electric motorcycles in Africa to serve the motorcycle taxi (boda-boda) market, will also include updates on the company’s recently announced merger and acquisition targets, and ALYI’s Retro Revolt Electric Motorcycle initiative in North American. The company has already indicated it expects over a million in revenue this year.  The update will provide more details on anticipated sales before the end of the year to include a specific revenue target.

ALYI is building an entire 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 seeded an overall EV Ecosystem Business Strategy with the development of its own EV motorcycle business that includes the Rideshare initiative in Africa to replace existing combustion engine powered motorcycle taxis with electric motorcycles.
The global motorcycle taxi market was valued by Verified Market Research at $16 billion in 2018 and expected to grow to over 29 billion by 2026.

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 the management update for ALYI on September 9, 2021?

The management update will focus on the delivery of 2,000 electric motorcycles for the boda-boda market in Africa and provide specific revenue targets.

What revenue does ALYI expect this year?

ALYI anticipates over $1 million in revenue for the year.

What is the size of the motorcycle taxi market?

The global motorcycle taxi market was valued at $16 billion in 2018 and is expected to grow to over $29 billion by 2026.

What is ALYI's EV Ecosystem strategy?

ALYI's EV Ecosystem strategy aims to support the transition from combustion engines to electric vehicles through the development of vehicles, infrastructure, and financial participation via Revolt Tokens.