ALYI Set Sights On Being EV Industry Change Agent

Rhea-AI Summary

Alternet Systems, Inc. (OTC Pink: ALYI) has finalized terms for acquiring an electric vehicle (EV) motorsports business, expected to significantly boost revenue and brand awareness within the EV Ecosystem. This acquisition aligns with ALYI's strategy to be recognized as an EV industry leader. The company aims to establish an EV race series and technology hub in Kenya, emphasizing democratized participation through partnerships, such as with Revolt Token for financing. ALYI plans to finalize the acquisition within two weeks, furthering its commitment to EV solutions in Sub-Saharan Africa.

Positive

• Acquisition of an EV motorsports business expected to generate substantial revenue.
• Plans to establish an EV race series and technology hub in Kenya.
• Partnerships with Revolt Token for financing growth and democratized participation.

Negative

• None.

Dallas, Texas, Nov. 19, 2021 (GLOBE NEWSWIRE) -- Alternet Systems, Inc. (OTC Pink: ALYI) (“ALYI”) today confirmed finalizing terms for the strategic acquisition of an electric vehicle (EV) motorsports business expected to generate substantial revenue in addition to making a major contribution to ALYI’s EV Ecosystem brand awareness.

ALYI sees its EV motorsports initiative as part of its strategy to be recognized as an EV industry change agent.  EV racing means implementing the best of the best in EV innovation and ALYI intends to make participation in its EV racing events synonymous with EV transition commitment to excellence.

ALYI is an Electric Vehicle and overall Electric Vehicle Ecosystem company concentrating on the East African market with plans to expand into 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’s EV Ecosystem strategy is centered on first introducing EVs in the rugged and economically developing Sub Saharan region of Africa.  Sub-Sahara Africa provides both a technology leapfrog opportunity with low per capita transportation resources and an ideal proving ground for best-in-class EV solutions.  EVs can be a first transportation resource here, not one that has to replace an existing conventional transportation resource.  And if an EV solution can meet the environmental, limited resource, and economic challenges of Sub-Sahara Africa, then it is a proven best in class EV solution.

ALYI intends to build a globally recognized EV race series in Kenya in conjunction with an EV technology hub hosting EV race events combined with EV technology symposiums and trade shows.  ALYI plans to brand the EV race and technology hub as essential to every EV business contender.  ALYI’s vision is for every EV business to view participation in ALYI’s Kenya EV race and technology hub as critical to their own respective EV brands.

ALYI has been cultivating a long-term relationship with the target EV race event business acquisition announced today.  The acquisition is the next step in a long-term Partnership.  The target EV race event business has established EV race agreements with multiple motorsports operators in addition to developing its own motorsports concepts.

ALYI expects to finalize the acquisition within the next two weeks.

ALYI has designed its EV Ecosystem solution to include democratized participation. ALYI has partnered with Revolt Token to finance ALYI’s growth by offering participation in the EV ecosystem through the sale of Revolt Tokens.

To learn more about Revolt Token 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 significance of Alternet Systems' acquisition of an EV motorsports business?

The acquisition is expected to generate substantial revenue and enhance brand awareness for Alternet Systems' EV Ecosystem.

When does Alternet Systems plan to finalize the EV motorsports acquisition?

Alternet Systems expects to finalize the acquisition within the next two weeks.

How does the EV race series in Kenya benefit Alternet Systems?

The EV race series is part of ALYI's strategy to be recognized as a leader in the EV industry, promoting innovation and commitment to excellence.

What role does Revolt Token play in Alternet Systems' EV Ecosystem?

Revolt Token is partnered with ALYI to finance its growth and allow democratized participation in the EV Ecosystem.

How is Alternet Systems addressing the EV market in Sub-Saharan Africa?

ALYI is building an EV Ecosystem tailored to the unique economic and environmental challenges of Sub-Saharan Africa, aiming to promote EV adoption.