ALYI Ramps Up E-Motorcycle Production To Reach $2M 2021 And $10M 2022 REV TGTS

Rhea-AI Summary

Alternet Systems (ALYI) announced it is on track to achieve its revenue target of $2 million for 2021, driven by electric motorcycle production for the East African motorcycle taxi market. The company aims for a base revenue target of $10 million in 2022, with a stretch target of $50 million. Management is set to provide more details on revenue plans on December 2.

Positive

• On track to achieve $2 million revenue target for 2021.
• Confirmed initial revenue target of $10 million for 2022.
• Stretch revenue target of $50 million for 2022.

Negative

• None.

DALLAS, Nov. 29, 2021 /PRNewswire/ -- Alternet Systems, Inc. (USOTC: ALYI) ("ALYI") today announced the company's electric motorcycle production to support fulfillment of electric motorcycles for the motorcycle taxi market in East Africa is on track to support the company's $2 million revenue target for year-end 2021 and to support the company's confirmed initial $10 million base revenue target for 2022. 

ALYI Electric Motorcycle For East Africa Motorcycle Taxi Market

Management will present the revenue target plans in more detail later this week, on Thursday, December 2^nd. The presentation will include an overview of ALYI's stretch revenue target of $50 million for 2022.

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 are ALYI's revenue targets for 2021 and 2022?

Alternet Systems (ALYI) aims for a revenue target of $2 million for 2021 and $10 million for 2022.

When will ALYI provide more details on its revenue targets?

ALYI will present more details on its revenue plans on December 2, 2021.

What is the stretch revenue target for ALYI in 2022?

The stretch revenue target for Alternet Systems (ALYI) in 2022 is $50 million.

What market is ALYI targeting with its electric motorcycles?

ALYI is focusing on the motorcycle taxi market in East Africa.