ALYI Plans To Ramp $2 Million Electric Motorcycle Production Into New Regions

Rhea-AI Summary

Alternet Systems (OTC Pink: ALYI) has announced plans to expand its $2 million electric motorcycle order in Kenya into new regions. The company is delivering on this order, which is expected to be featured in its upcoming 2021 annual report. Additionally, ALYI aims to replicate its business model in Latin America, starting in Brazil, where it will partner with local distributors. A cryptocurrency payment mechanism is also being developed for lease-to-own agreements in Brazil, with plans for retroactive implementation in Kenya.

Positive

• Expansion of $2 million electric motorcycle order in Kenya.
• Plans to replicate business model in Brazil, targeting local ride-hailing markets.
• Development of cryptocurrency financing strategy for the EV ecosystem.

Negative

• None.

Dallas, Texas, April 05, 2022 (GLOBE NEWSWIRE) -- Alternet Systems, Inc. (OTC Pink: ALYI) today announced the company will share details of its plan to expand its existing $2 million electric motorcycle order in Kenya executed in Q4 2021 by repeating the business model into new regions.

ALYI is actively delivering on a $2 million electric motorcycle order in Kenya executed in Q4 2021 and anticipated to be included in the company’s upcoming 2021 annual report (The company filed an extension and intends to publish the 2021 annual report within the extension period).

In conjunction with the coming 2021 annual report, the company plans to publish a shareholder update that will include details on ALYI’s plan for repeating the business model around its $2 million electric motorcycle in Kenya into new regions.

ALYI recently announced being engaged in replicating its African electric motorcycle model in Latin America, starting in Brazil.

In Brazil, ride-hailing apps such as Uber have already deployed solutions for motorcycle ride-sharing. 

See - Uber expands ride-hailing services with motorbikes in Brazil.

ALYI is now working to establish a relationship with a local distributor that will in turn offer ALYI’s electric motorcycles to ride-haling drivers on lease-to-own terms, in the same manner ALYI now works with a local distributor in Kenya.

Overall, ALYI is building an EV Ecosystem that includes organic and partner solutions for all aspects of the growing EV transportation system.

ALYI has established the nucleus of its EV Ecosystem in East Africa, where it has already begun to rollout a comprehensive electric motorcycle enterprise. ALYI is deploying electric motorcycles into the robust motorcycle taxi market. 

Adding Cryptocurrency Strategy In Brazil

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

FAQ

What is Alternet Systems' electric motorcycle order in Kenya?

Alternet Systems has a $2 million electric motorcycle order in Kenya, which is currently being delivered.

How is ALYI planning to expand its business model?

ALYI plans to expand its business model by replicating its electric motorcycle initiatives in new regions, starting with Brazil.

What role does cryptocurrency play in ALYI's expansion?

ALYI is developing a cryptocurrency payment mechanism for its lease-to-own agreements in Brazil, which will later be implemented in Kenya.

When will ALYI's annual report be published?

ALYI intends to publish its 2021 annual report within an extension period after filing for it.

What is the significance of ALYI's plans in Brazil?

ALYI's plans in Brazil focus on establishing partnerships for electric motorcycle leasing targeted at ride-hailing drivers.