ALYI On Track To Realize $2 M Revenue Target By Year End 2021 From First EV Sales

Rhea-AI Summary

Alternet Systems, Inc. (ALYI) announced that production has started for an order of 2,000 electric motorcycles for the Kenyan market, aimed for use as boda-bodas (motorcycle taxis). The company aims to achieve a revenue target of $2 million in 2021 from these sales. ALYI is focused on developing an Electric Vehicle Ecosystem in East Africa and plans to expand globally. The ecosystem includes vehicle design, charging infrastructure, and democratized financing through partnership with ReovltTOKEN, which enables public participation in their growth strategy.

Positive

• Production of 2,000 electric motorcycles has commenced.
• Targeting $2 million in revenue from motorcycle sales in 2021.
• Focus on developing an Electric Vehicle Ecosystem in East Africa with global expansion plans.
• Partnership with ReovltTOKEN to finance growth via public participation.

Negative

• None.

DALLAS, Sept. 30, 2021 /PRNewswire/ -- Alternet Systems, Inc. (USOTC: ALYI) ("ALYI") today announced production is now underway to begin fulfillment on an order for 2,000 electric motorcycles to go into service in Kenya as motorcycle taxis or boda-bodas.

ALYI management believes the production is on track for the company to realize its recently announced $2 million 2021 revenue target anticipated from the sales of the electric motorcycles.

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 ReovltTOKEN 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

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SOURCE Alternet Systems, Inc.

FAQ

What is Alternet Systems, Inc.'s revenue target for 2021?

Alternet Systems, Inc. aims to achieve a revenue target of $2 million in 2021 from electric motorcycle sales.

How many electric motorcycles is ALYI producing for the Kenyan market?

ALYI is producing 2,000 electric motorcycles for the Kenyan market.

What market is ALYI focusing on for its electric vehicles?

ALYI is concentrating on the East African market, particularly Kenya, with plans for global expansion.

What is the purpose of the electric motorcycles being produced by ALYI?

The electric motorcycles are intended for use as boda-bodas, which are motorcycle taxis in Kenya.

How is ALYI financing its growth plans?

ALYI is financing its growth through a partnership with ReovltTOKEN, allowing public participation in its electric vehicle ecosystem.