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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) and WaterPure International (OTC PINK: WPUR) have formed a partnership to implement an off-grid electric vehicle (EV) charging solution in Kenya. This initiative is part of a broader collaboration aimed at developing an EV ecosystem in the region. WPUR is enhancing its focus on electric technology, while ALYI aims to serve the East African market's transportation needs with innovative EV solutions. The pilot project will have backing from ALYI’s funding partner, Revolt Token (RVLT), initiating with a technology proof of concept in the U.S.

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Alternet Systems (OTC Pink: ALYI) is partnering with WaterPure International (OTC Pink: WPUR) to implement an off-grid electric vehicle (EV) charging solution in Kenya. The collaboration aims to support ALYI's deployment of electric motorcycles and three-wheel vehicles in the region's taxi and delivery markets. ALYI's strategy focuses on addressing low transportation accessibility in East Africa and offers a potential first-to-market EV transportation solution. The company is also collaborating with Revolt Token to finance its EV Ecosystem through token sales.

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-6.98%
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Rhea-AI Summary

On December 13, 2021, Alternet Systems, Inc. (ALYI) discussed the public listing of Harley-Davidson's LiveWire electric motorcycle division via a SPAC merger valued at $1.77 billion. ALYI's CEO, Dr. Randell Torno, claimed that ALYI's electric motorcycle strategy predates Harley's, asserting that their shared focus on the urban market could validate ALYI's business model. ALYI is delivering electric motorcycles in East Africa and has expanded its offerings to include electric three-wheel vehicles. The company aims to grow its EV Ecosystem, partnering with Revolt Token for financing.

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Alternet Systems, Inc. (OTC Pink: ALYI) announced the launch of its electric motorcycle business, paralleling Harley-Davidson's SPAC merger plans with LiveWire at a pro-forma enterprise value of $1.77 billion. ALYI's CEO, Dr. Randell Torno, claims the company had already initiated a similar business strategy before Harley-Davidson. ALYI has begun delivering electric motorcycles in East Africa and plans to expand its electric vehicle ecosystem, which includes three-wheeled vehicles. The company is leveraging partnerships with Revolt Token for financing its growth.

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-0.75%
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Alternet Systems (OTC Pink: ALYI) has partnered with WaterPure International (OTC Pink: WPUR) to deploy an off-grid electric vehicle charging solution in Kenya. The program aims to address the region's low per capita transportation by implementing innovative EV solutions. A presentation detailing the initiative will be released on December 16. ALYI is also expanding its EV ecosystem with cryptocurrency funding through Revolt Token, collaborating with WPUR on this growth strategy. The partnership leverages existing contracts from East African Development Partners to enhance business development.

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1.52%
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On December 9, 2021, Alternet Systems (OTC Pink: ALYI) and WaterPure International (OTC Pink: WPUR) announced that their CEOs presented at the Emerging Growth Conference. This online event enables interaction between shareholders and company leaders. Dr. Randell Torno joined WPUR's Board to drive innovative water and electricity management technologies, including EV charging solutions. ALYI is developing its Electric Vehicle Ecosystem with initial focus on East Africa, aiming for global expansion. ALYI is partnering with Revolt Token (RVLT) for funding and has plans for direct investment partnerships.

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Dallas-based Alternet Systems (OTC Pink: ALYI) has launched its first 3-wheel electric vehicles in Ethiopia, targeting the taxi and delivery sectors. The company expects to achieve $2 million in revenue by year-end and plans to reach a base revenue target of $10 million in 2022, with a potential stretch target of $50 million. ALYI is also supplying electric motorcycles to Kenya and is in the process of acquiring a local taxi operation to bolster its presence in East Africa. The company is focused on developing an Electric Vehicle Ecosystem, aiming for global expansion.

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-8.5%
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Alternet Systems, Inc. (ALYI) announced that its first 3-wheel electric vehicles will commence operations as taxis and delivery vehicles in Ethiopia on December 6, 2021. The company expects to achieve $2 million in revenue by year-end and has set a base revenue target of $10 million for 2022, with a potential stretch target of $50 million. ALYI is also delivering electric motorcycles to Kenya and has plans to assemble vehicles locally, contributing to the Ethiopian economy. Additionally, a new acquisition for a taxi operation is anticipated to enhance ALYI's expansion capabilities in the region.

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10.07%
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Rhea-AI Summary

Alternet Systems, Inc. (ALYI) has set a $10 million base revenue target for 2022, focusing on the East African electric vehicle market. The company is expanding its operations by delivering electric motorcycles in Kenya and assembling three-wheel electric Bajas in Ethiopia. ALYI aims to achieve a stretch target of $50 million through various revenue streams, including an acquisition of a stake in an electric vehicle racing business and an investment in Zoomcar. These initiatives are part of ALYI's broader strategy to establish an electric vehicle ecosystem and capitalize on the growing demand for sustainable transportation.

Rhea-AI Impact
Rhea-AI Sentiment
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-7.33%
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Rhea-AI Summary

Alternet Systems, Inc. (OTC Pink: ALYI) announced its revenue targets for 2022, aiming for a base target of $10 million primarily from electric vehicle deliveries in East Africa. ALYI is expanding its electric motorcycle and three-wheel vehicle operations in Kenya and Ethiopia. They also aim for a stretch revenue target of $50 million through additional revenue streams and planned acquisitions, including an EV racing business and an investment in Zoomcar. The company intends to build an Electric Vehicle Ecosystem to support global EV adoption.

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Rhea-AI Sentiment
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-7.33%
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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