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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.

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Rhea-AI Summary

Alternet Systems, Inc. (OTC Pink: ALYI) is set to provide a management update on September 9, 2021, focusing on its goal to deliver 2,000 electric motorcycles in Africa's boda-boda market. The company anticipates over $1 million in revenue this year and will detail specific revenue targets in the update. ALYI is developing an EV Ecosystem to support the transition from combustion engines to electric vehicles, including initiatives like a rideshare program in Africa. The global motorcycle taxi market is projected to grow from $16 billion in 2018 to over $29 billion by 2026.

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

Alternet Systems, Inc. (USOTC: ALYI) announced a management update on September 9, 2021, focusing on delivering 2,000 electric motorcycles in Africa for the motorcycle taxi market. The company anticipates over $1 million in revenue this year and will provide specific revenue targets during the update. ALYI is building a comprehensive EV ecosystem, which includes partnerships to finance its growth through Revolt Tokens, aimed at transitioning from combustion engines to electric vehicles. The global motorcycle taxi market is projected to grow from $16 billion in 2018 to over $29 billion by 2026.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.86%
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Rhea-AI Summary

Alternet Systems, Inc. (OTC Pink: ALYI) announced a management update scheduled for September 9, 2021, focusing on its plan to deliver 2,000 electric motorcycles to Africa's motorcycle taxi market. The company anticipates generating over a million in revenue this year and will provide further details on revenue targets in the upcoming update. ALYI aims to establish an entire electric vehicle ecosystem, emphasizing both vehicle design and necessary infrastructure, while leveraging partnerships for financing through Revolt Tokens.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.86%
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Rhea-AI Summary

Alternet Systems (OTC Pink: ALYI) announced ongoing developments in its EV Ecosystem, expecting two acquisitions to enhance its electric vehicle strategy in Africa. The company recently acquired a stake in a self-drive rental vehicle company. ALYI's strategy encompasses a comprehensive EV approach, including vehicle design, infrastructure, and market solutions. The company anticipates exceeding $1 million in revenue by year-end and has expanded its EV Rideshare pilot into Ethiopia. ALYI aims to elevate its presence through an upcoming EV symposium and race event in Kenya.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.43%
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Rhea-AI Summary

Alternet Systems, Inc. (USOTC: ALYI) announced expectations to exceed $1 million in revenue from its electric vehicle ecosystem, driven by the Retro Revolt Electric Motorcycle orders by year-end. Alongside these developments, the company is enhancing its EV motorcycle business initiatives in Kenya and Ethiopia and is finalizing production designs. ALYI aims to establish an integrated EV ecosystem, focusing on optimizing infrastructure and technology for the African market. Plans for an EV symposium anchored by a race event in Kenya are underway, aiming to attract major industry players.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.1%
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Rhea-AI Summary

Alternet Systems, Inc. (OTC Pink: ALYI) anticipates surpassing $1 million in revenue by year-end from its electric vehicle ecosystem. The company is set to convert its waiting list for Retro Revolt Electric Motorcycles into orders, supported by a recent partnership with a manufacturing provider. ALYI is piloting an EV rideshare business in Kenya and expanding into Ethiopia. The company aims to finalize production design for its motorcycles soon and has plans for a significant announcement regarding an EV race event that aligns with its overall EV Ecosystem strategy.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.76%
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Rhea-AI Summary

Alternet Systems, Inc. (USOTC: ALYI) anticipates exceeding $1 million in revenue from its electric vehicle ecosystem by year-end 2021. Instead of focusing on a single product, ALYI is developing a comprehensive EV Ecosystem, including electric motorcycles, charging, maintenance infrastructure, and more. Key developments include a pilot program launched in Kenya and an expansion into Ethiopia, aimed at replacing combustion engine motorcycles with electric alternatives. The company is also planning an EV symposium and race to enhance brand visibility and technology in the African market.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.76%
Tags
none
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Rhea-AI Summary

Alternet Systems, Inc. (OTC Pink: ALYI) expects to surpass $1 million in revenue by year-end 2021 from its electric vehicle ecosystem. Instead of launching a single product, ALYI focuses on a comprehensive EV ecosystem, including vehicle design, infrastructure, and the transition from combustion engines. A pilot electric motorcycle program in Kenya, with a 2,000-unit order, is set for delivery before year's end. Recently, the company expanded its EV rideshare pilot into Ethiopia, aiming to replace combustion motorcycles. A major announcement regarding an EV race event is expected.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16.11%
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Rhea-AI Summary

Alternet Systems, Inc. (USOTC: ALYI) has expanded its Electric Vehicle (EV) Rideshare Pilot to Ethiopia, following a similar pilot in Kenya. The company is set to deliver 2,000 electric motorcycles before the year's end. CEO Randell Torno stated that a three-wheeled 'Tuk Tuk' manufacturer partnership has been secured for the Ethiopian market. The global motorcycle taxi market is valued at $16 billion and expected to grow to over $29 billion by 2026. ALYI aims to create an integrated EV Ecosystem and enhance its visibility in the global EV market through partnerships and an upcoming EV symposium anchored by a racing event.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16.11%
Tags
none
Rhea-AI Summary

Alternet Systems, Inc. (OTC Pink: ALYI) has expanded its Electric Vehicle (EV) Rideshare Pilot to Ethiopia, following its launch in Kenya in July. CEO Dr. Randell Torno anticipates delivering a 2,000 electric motorcycle order by year-end. The Ethiopian pilot will feature electric ‘Tuk Tuks,’ with initial road presence expected soon. ALYI's broader strategy aims to develop an EV Ecosystem addressing the entire market landscape, including a partnership with a major EV racing brand. The company plans to announce significant developments related to the EV race event later this month.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16.11%
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none

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