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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 (USOTC: ALYI) anticipates significant brand recognition growth in 2022, driven by its electric vehicle (EV) race event and strategic partnerships. The company expects substantial revenue increases from this event and sales from electric motorcycles, supported by a current pilot program in Kenya tied to a 2,000-unit order. ALYI aims to develop an EV ecosystem contributing to technology advancements in the African market, promoting democratized participation through the sale of Revolt Tokens.

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-3.26%
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Rhea-AI Summary

Alternet Systems, Inc. (OTC Pink: ALYI) anticipates a surge in brand recognition and revenue from its upcoming electric vehicle (EV) race program and motorcycle sales. The company is developing a comprehensive EV ecosystem aimed at the African market, with plans for an annual EV symposium linked to a race event in Kenya. A 90-day Electric Motorcycle pilot program is underway, linked to a 2,000 unit order, with results expected to differentiate ALYI's business. The firm is also raising funds through Revolt Tokens to support its growth.

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-3.26%
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Rhea-AI Summary

Alternet Systems (OTC Pink: ALYI) has initiated an Electric Motorcycle pilot program in Kenya, generating promising early results. CEO Randell Torno emphasized that the pilot not only focuses on design validation but also addresses manufacturing, regulatory compliance, and support infrastructure needs. The program aims to provide significant insights that could distinguish ALYI in the electric vehicle sector. This pilot, lasting approximately ninety days, will feature updates, including photos and videos, to showcase progress. For more information, visit the company's website.

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-4.24%
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Rhea-AI Summary

Alternet Systems, Inc. (USOTC: ALYI) announced progress in its Electric Motorcycle pilot program in Kenya, highlighting results that may differentiate ALYI in the EV market. CEO Randell Torno emphasized the importance of not only design validation but also the complexities of production, regulations, and infrastructure development. The pilot program, launching this month and expected to last around 90 days, aims to gather insights for future success. ALYI also plans to share updates through media as the pilot progresses.

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-4.24%
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Rhea-AI Summary

Alternet Systems (OTC Pink: ALYI) has initiated an Electric Motorcycle pilot program in Kenya, aligning with its order for 2,000 Electric Motorcycles aimed at the Rideshare market. This pilot, expected to last approximately 90 days, will also support ALYI's entry into the self-drive Electric Vehicle mobile app rental market. Additionally, ALYI is nearing significant milestones with its Electric Vehicle Race Event and Revolt Token finance partners, promising upcoming announcements regarding these developments.

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7.59%
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Rhea-AI Summary

Alternet Systems (OTC Pink: ALYI) is launching an EV Rideshare and Self-Drive Rental pilot program in Africa, linked to an order for 2000 electric motorcycles in Kenya. The pilot will support a first-phase rollout into the motorcycle taxi market, valued at $4 billion. ALYI’s strategy focuses on building an electric vehicle ecosystem, enhancing support infrastructure like charging stations and long-range batteries. In partnership with RevoltTOKEN, ALYI is also initiating an annual electric vehicle race to attract talent and showcase innovations.

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-6.08%
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Rhea-AI Summary

Alternet Systems (OTC Pink: ALYI) has highlighted an article from Barron’s, discussing the electrical grid strains caused by the rising demand for electric vehicles (EVs). The company is launching an EV rideshare and self-drive rental pilot program in Africa, with an initial order of 2,000 electric motorcycles set for delivery in July to tap into the $4 billion motorcycle taxi market in Kenya. ALYI aims to establish a broader electric vehicle ecosystem, focusing not only on vehicles but also on a supportive network, including charging infrastructure and innovative solutions.

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End-of-Day
4.75%
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Rhea-AI Summary

Alternet Systems (ALYI) announced enhancements to its finance partner RevoltTOKEN, including a new website featuring a reduced minimum purchase requirement from $1,000 to $250, and a streamlined purchase process. Additionally, a 25% bonus will be offered to customers who purchase before new features launch in July. The announcement also highlights the addition of a new advisory board and plans for listing Revolt Token on several exchanges. This initiative supports ALYI's electric vehicle ecosystem aimed at addressing low transportation ratios in Sub-Saharan Africa.

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-5.36%
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Rhea-AI Summary

Alternet Systems, Inc. (OTC Pink: ALYI) announced an upcoming update from funding partner RevoltTOKEN, scheduled for June 23, 2021. The update will provide details on the sales of Revolt Tokens aimed at financing ALYI's electric vehicle ecosystem strategy. ALYI's management had recently reviewed its electric motorcycle development program, highlighting contributions from iQSTEL and a new electric motorcycle pilot in Kenya. ALYI aims to build a comprehensive electric vehicle ecosystem in Sub Saharan Africa, including an annual electric vehicle race to attract industry talent.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
19.67%
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Rhea-AI Summary

Alternet Systems (USOTC: ALYI) will release an update on June 23, 2021, regarding its funding partner, RevoltTOKEN, which has initiated the sale of Revolt Tokens to support ALYI's electric vehicle ecosystem strategy. The upcoming update will provide insights into Revolt Token's program adjustments based on initial feedback. Previously, ALYI updated its electric motorcycle development program, with contributions from iQSTEL and a new pilot program in Kenya. ALYI is also planning an annual electric vehicle race to bolster its ecosystem strategy in Sub-Saharan Africa.

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Rhea-AI Sentiment
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-6.94%
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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