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ALTERNET SYSTEMS INC - ALYI STOCK NEWS

Welcome to our dedicated page for ALTERNET SYSTEMS news (Ticker: ALYI), a resource for investors and traders seeking the latest updates and insights on ALTERNET SYSTEMS stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ALTERNET SYSTEMS's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ALTERNET SYSTEMS's position in the market.

Rhea-AI Summary

Alternet Systems (ALYI) targets $2 million in revenue for 2021, focusing on the African motorcycle taxi market with 2,000 electric motorcycles. The global motorcycle taxi market, valued at $16 billion in 2018, is expected to exceed $29 billion by 2026. ALYI plans to generate revenue not only from motorcycle sales but also from acquiring an equity stake in a taxi business, potentially increasing profit margins. The company's EV Ecosystem aims to innovate transportation solutions in Africa and globally, with plans for EV races and partnerships with major industry brands.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.48%
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Rhea-AI Summary

Alternet Systems (ALYI) announced plans to start delivering an order of 2,000 electric motorcycles in Africa, aiming to replace combustion engine motorcycle taxis. Anticipated revenue details and targets for 2021 will be disclosed on September 9, 2021. The company is focusing on building a comprehensive Electric Vehicle (EV) ecosystem with profitable rideshare solutions. The global motorcycle taxi market, valued at $16 billion in 2018, is projected to reach over $29 billion by 2026. ALYI expects to generate over $1 million in revenue this year, leveraging both motorcycle sales and participation in the rideshare market.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.29%
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none
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Rhea-AI Summary

Alternet Systems (USOTC: ALYI) announced plans to generate revenue from its Electric Vehicle Ecosystem by year-end 2021, with a target of over $1 million. The company is developing an EV ecosystem focused on electric motorcycles for the taxi market in Africa, capitalizing on a growing market expected to reach $29 billion by 2026. ALYI aims to deliver 2,000 electric motorcycles and will reveal more revenue details on September 9, 2021. A partnership with ReovltTOKEN aims to democratize participation in funding the EV ecosystem.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.78%
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Rhea-AI Summary

Alternet Systems, Inc. (OTC Pink: ALYI) announced plans to generate revenue from its Electric Vehicle (EV) Ecosystem by year-end 2021. On September 9, 2021, the company will outline specific revenue sources and targets. The EV ecosystem targets the motorcycle taxi market in Africa, projected to grow from $16 billion in 2018 to over $29 billion by 2026. ALYI aims to sell electric motorcycles and participate in the rideshare business, seeking higher profit margins and expecting over $1 million in revenue this year.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.78%
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Rhea-AI Summary

Alternet Systems, Inc. (OTC Pink: ALYI) has announced a presentation featuring CEO Dr. Randell Torno, focusing on the company's Electric Vehicle Ecosystem and its Electric Motorcycle Business. The initiative aims to substitute combustion engine motorcycle taxis with electric alternatives in developing markets, particularly in Africa. The global motorcycle taxi market is projected to grow from $16 billion in 2018 to over $29 billion by 2026. ALYI anticipates generating revenue from both electric motorcycle sales and participation in evolving rideshare models, with projections of over $1 million in revenue this year.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.41%
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none
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Rhea-AI Summary

Alternet Systems (OTC Pink: ALYI) has launched a comprehensive Electric Vehicle Ecosystem, with a focus on an electric motorcycle business aimed at transforming the motorcycle taxi industry in Africa. The global motorcycle taxi market is projected to grow from $16 billion in 2018 to over $29 billion by 2026. ALYI emphasizes a commercial approach, targeting the rideshare model to replace combustion engine motorcycles. With a planned consumer electric motorcycle, ALYI anticipates generating over $1 million in revenue this year. Further revenue and margin updates are expected on September 9, 2021.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.41%
Tags
none
Rhea-AI Summary

Alternet Systems, Inc. (USOTC: ALYI) has announced its strategic focus on an Electric Motorcycle Business, aiming to differentiate itself in a challenging market. ALYI's primary model targets the Rideshare market in Africa, projected to grow from $16 billion in 2018 to over $29 billion by 2026. The company expects to leverage both vehicle sales and Rideshare participation for revenue. ALYI plans to reveal more on revenue targets and gross margins on September 9, 2021, anticipating over a million in revenue this year while also preparing a consumer-targeted electric motorcycle.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.48%
Tags
none
-
Rhea-AI Summary

Alternet Systems, Inc. (ALYI) announced its electric vehicle (EV) ecosystem aims for higher gross margins compared to traditional EV manufacturers. While typical EV companies focus primarily on vehicle sales, ALYI will diversify its revenue through a rideshare initiative in Africa, targeting the motorcycle taxi market. The company expects over a million in revenue this year and plans to offer updates on its progress and specific revenue targets on September 9, 2021. The global motorcycle taxi market, valued at $16 billion in 2018, is projected to grow significantly by 2026.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.9%
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none
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Rhea-AI Summary

Alternet Systems, Inc. (OTC Pink: ALYI) emphasizes its electric vehicle (EV) ecosystem designed to achieve higher gross margins than typical EV manufacturers. The company plans to diversify its revenue streams, including sales of EVs and higher-margin rideshare services. ALYI expects over $1 million in revenue this year and will provide an update on September 9, 2021, detailing its goal of delivering 2,000 electric motorcycles in Africa. The overall EV ecosystem aims to support the EV adoption process, including infrastructure and financing solutions through partnerships.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.9%
Tags
none
Rhea-AI Summary

Alternet Systems, Inc. (ALYI) announced a management update set for September 9, 2021, focusing on their progress towards delivering 2,000 electric motorcycles in Africa's motorcycle taxi market. The company expects over $1 million in revenue this year and plans to provide specific revenue targets. ALYI aims to build a comprehensive EV ecosystem, including partnerships like ReovltTOKEN to finance growth. The global motorcycle taxi market is projected to increase from $16 billion in 2018 to over $29 billion by 2026, enhancing strategic importance for ALYI's initiatives.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.91%
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FAQ

What is the current stock price of ALTERNET SYSTEMS (ALYI)?

The current stock price of ALTERNET SYSTEMS (ALYI) is $0.00075 as of November 22, 2024.

What is the market cap of ALTERNET SYSTEMS (ALYI)?

The market cap of ALTERNET SYSTEMS (ALYI) is approximately 2.4M.

ALTERNET SYSTEMS INC

OTC:ALYI

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ALYI Stock Data

2.45M
3.06B
Information Technology Services
Technology
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United States of America
Miami