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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 (OTC Pink: ALYI) is expanding its electric vehicle (EV) ecosystem, primarily in East Africa, with an electric motorcycle initiative. The company is integrating solutions for energy production, storage, and EV charging through a collaboration with WaterPure International, aiming for a pilot launch in June. ALYI's participation is facilitated via the sale of Revolt Tokens (RVLT). The collaboration includes leveraging existing intellectual property and experience to innovate EV charging solutions, led by Ed Bollen, a founding member and CEO of WaterPure.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.94%
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Rhea-AI Summary

Alternet Systems (OTC Pink: ALYI) is experiencing increased optimism for electric vehicle (EV) sales in Africa, fueled by a $2 million electric motorcycle order. This order, received at the end of last year, is expected to impact ALYI's 2021 annual report. The company aims to grow this order to $10 million in 2022. A new program allowing the purchase of ALYI motorcycles using Revolt Tokens has been launched, additionally boosting confidence in achieving sales targets in Nigeria.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.98%
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Rhea-AI Summary

Alternet Systems (OTC Pink: ALYI) has announced a significant interest in its new electric motorcycle taxi program, allowing purchases through Revolt Tokens (RVLT). Following this announcement, ALYI received a proposal for a substantial order for operations in Nigeria. The program aims to enhance existing operations in Nairobi and Addis Ababa while expanding into new regions. Buyers interested in the electric motorcycle taxis can contact ALYI for details. More updates on developments in Nigeria are expected soon.

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Rhea-AI Sentiment
End-of-Day
1.19%
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Rhea-AI Summary

On March 1, 2022, Alternet Systems (ALYI) announced a partnership with Revolt Token Corporation (RVLT) to accept RVLT as payment for electric motorcycle taxis. The initiative aims to expand ALYI's operations, currently active in Nairobi and Addis Ababa, and attract buyers interested in the RVLT/ALYI EV ecosystem. The program enables RVLT to be exchanged for ALYI products, marking the first major utilization of RVLT as currency. Upcoming RVLT exchange listings are also expected to enhance liquidity.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.26%
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Rhea-AI Summary

Alternet Systems (OTC Pink: ALYI) has partnered with Revolt Token Corporation (RVLT) to accept RVLT as payment for electric motorcycle taxis. This initiative is part of a managed commercial purchase program aiming to expand existing operations in Nairobi and Addis Ababa, while exploring new regions for electric taxi operations. RVLT can be acquired via cash or cryptocurrency and is expected to improve liquidity through exchange listings. The RVLT currency functionality aims to enhance its value and utility within the ALYI EV Ecosystem.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.26%
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none
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Rhea-AI Summary

Alternet Systems, Inc. (OTC Pink: ALYI) has announced an expansion of its electric vehicle (EV) rollout, moving beyond its current operations in Addis Ababa and Nairobi. The company is fulfilling a $2 million order and anticipates reaching $10 million in EV sales this year. As part of the rollout, ALYI will also accept cryptocurrency for purchases. The updates coincide with upcoming news from Revolt Token Corporation regarding the EV sales program.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.49%
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Rhea-AI Summary

Alternet Systems, Inc. (OTC Pink: ALYI) announced the involvement of its Retro Revolt Electric Motorcycle in an upcoming demonstration for university campuses in Texas. This event is in collaboration with Priority Aviation, Inc. (OTC Pink: PJET), which has transitioned to provide services for university students. The pilot program will showcase electric motorcycles and allow interested buyers to test and order the Retro Revolt. The demo is expected to begin before the end of Q1 2022.

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Rhea-AI Sentiment
End-of-Day
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Alternet Systems (OTC Pink: ALYI) has issued a progress report outlining its strategic outlook for 2022, aiming for $10 million in organic revenue and a potential stretch goal of $50 million. CEO Randell Torno highlighted the company's transition from concept development to revenue generation in its electric vehicle ecosystem, including sales of electric motorcycles and partnerships with WaterPure International and Priority Aviation. The report emphasizes the challenges posed by market uncertainty but expresses optimism about future recognition of the company’s efforts.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7%
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Rhea-AI Summary

Alternet Systems (OTC Pink: ALYI) has shared its 2022 strategic outlook, targeting $10 million in organic revenue with a stretch goal of $50 million. The company is transitioning from concept development to revenue generation through electric motorcycle sales and partnerships in Africa. ALYI aims to expand revenue streams from its EV Ecosystem, which includes collaborations with Priority Aviation for a campus transportation pilot and WaterPure International for off-grid charging projects. Despite market uncertainties, ALYI's leadership remains optimistic about future growth and investments.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.96%
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Rhea-AI Summary

Alternet Systems (OTC Pink: ALYI) will release a progress report on its 2022 strategic outlook on February 18, 2022, aiming for $10 million in organic revenue and a $50 million stretch goal. The company is producing two electric motorcycle models and a three-wheeled Baja vehicle, having partnered with MODUS and iQSTEL for manufacturing in China. ALYI's electric motorcycles are part of a broader Electric Vehicle Ecosystem, which is expected to enhance revenue and shareholder value through strategic partnerships, including those with Waterpure International and Priority Aviation.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2%
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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