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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. (ALYI) has announced plans for a second acquisition, with CEO Randell Torno in London finalizing terms. This follows a recent deal in Nairobi aimed at boosting electric vehicle revenue. ALYI targets $2 million in revenue from electric motorcycles by the end of 2021. The Nairobi acquisition is anticipated to enhance this revenue stream. Additionally, ALYI is rolling out its first electric three-wheel vehicles as taxis in Addis Ababa. The company aims to establish a comprehensive electric vehicle ecosystem in East Africa, facilitating the transition to electric transportation.

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End-of-Day
-3.41%
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Rhea-AI Summary

Alternet Systems, Inc. (OTC Pink: ALYI) is on target for $2 million in revenue by year-end 2021 from its electric motorcycle sales in Africa. CEO Randell Torno has confirmed acquisition terms for a majority stake in a Nairobi business to enhance revenue. This agreement is expected to be concluded in two weeks. ALYI aims to build an Electric Vehicle Ecosystem addressing the complete EV adoption environment, supporting a transition from combustion engines to electric vehicles. The company has partnered with Revolt Token to facilitate financing through token sales.

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Rhea-AI Sentiment
End-of-Day
7.32%
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Rhea-AI Summary

Alternet Systems, Inc. (OTC Pink: ALYI) has finalized acquisition terms for a majority stake in a Nairobi business to enhance its electric vehicle revenue. CEO Randell Torno anticipates the agreement will be formalized within two weeks. He is currently overseeing the rollout of electric three-wheel Bajaj vehicles in Addis Ababa. Torno will also travel to London for strategic meetings and a second acquisition. ALYI aims for $2 million in revenue from its electric motorcycles in 2021, establishing a comprehensive Electric Vehicle Ecosystem in East Africa.

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-1.2%
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Rhea-AI Summary

Alternet Systems (USOTC: ALYI) announced a video discussion featuring CEO Randell Torno, focusing on the company's Electric Vehicle (EV) Ecosystem and its collaboration with Revolt Token (RVLT). The partnership aims to raise $100 million to support ALYI’s growth in East Africa and beyond. The video addresses key investment questions and outlines the potential of ALYI’s initiatives since 2019. Investors can participate by purchasing Revolt Tokens, enhancing democratized access to the EV market. More details can be found at www.alternetsystemsinc.com.

Rhea-AI Impact
Rhea-AI Sentiment
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-5.91%
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Rhea-AI Summary

Alternet Systems (OTC Pink: ALYI) has collaborated with Revolt Token (RVLT) to enhance its Electric Vehicle (EV) Ecosystem, focusing on East Africa and global markets. A video discussion featuring CEOs Randell Torno and Henryk Dabrowski outlines the project’s vision and funding strategy, aiming for $100 million support from RVLT. The partnership promotes democratized participation through Revolt Tokens, illustrating ALYI's commitment to the EV sector and outlining future funding requirements and milestones.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.91%
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Rhea-AI Summary

Alternet Systems, Inc. (OTC Pink: ALYI) announced a strategic acquisition in Nairobi targeting the motorcycle taxi market, expected to generate immediate revenue from an estimated $3.3 billion annual market. This move will position ALYI to shift from combustion engine to electric motorcycles. Furthermore, CEO Randell Torno is preparing for a second acquisition aimed at introducing a branded annual EV race in Kenya, potentially enhancing revenue streams. ALYI projects $2 million in 2021 revenue from electric motorcycle sales within the African market, while building a comprehensive Electric Vehicle Ecosystem.

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Rhea-AI Summary

Alternet Systems (ALYI) announced key acquisitions aimed at expanding its presence in the electric vehicle market in East Africa. CEO Randell Torno will visit Nairobi and London to finalize these deals, which target the growing motorcycle taxi industry in Kenya worth $3.3 billion annually. ALYI expects to generate immediate revenue from this sector and plans to transition traditional taxis to electric models. Additionally, the acquisition in London is set to promote an annual brand EV race, enhancing revenue opportunities. The company is targeting $2 million in revenue from its electric motorcycle sales in 2021.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.46%
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Rhea-AI Summary

Alternet Systems, Inc. (OTC Pink: ALYI) is launching its first electric motorcycles on November 1st in Kenya's motorcycle taxi market. The company aims for $2 million in 2021 revenues from these sales. ALYI is building a comprehensive Electric Vehicle Ecosystem, supporting both consumer and commercial EV adoption. The ecosystem includes vehicle design and charging infrastructure, fostering democratized participation through the sale of Revolt Tokens. ALYI's focus is on East Africa, with future expansions planned. The company is positioned to benefit from the growing electric vehicle market.

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Rhea-AI Summary

Alternet Systems (ALYI) plans two strategic acquisitions in East Africa, set for November. The first acquisition targets Kenya's motorcycle taxi market, aiming to boost profits through higher margin revenues from taxi operations alongside electric motorcycle sales. The second acquisition will support ALYI's goal to establish an annual brand name EV race in Kenya, enhancing revenue potential. CEO Randell Torno will visit Nairobi and London next month regarding these acquisitions. ALYI also targets $2 million in 2021 revenue from electric motorcycle sales in Africa.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.24%
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Rhea-AI Summary

Alternet Systems, Inc. (USOTC: ALYI) has announced plans for two strategic acquisitions in East Africa, set to close in November 2021. The first acquisition aims to integrate ALYI into Kenya's motorcycle taxi market, enhancing profitability through higher margin revenue from taxi operations. The second acquisition will support ALYI's initiative to introduce an annual EV race in Kenya, further increasing revenue potential. The company is targeting $2 million in revenue from electric motorcycle sales in 2021 and is developing an Electric Vehicle Ecosystem with participation facilitated through Revolt Tokens.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.59%
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FAQ

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

The current stock price of ALTERNET SYSTEMS (ALYI) is $0.001 as of December 24, 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
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United States of America
Miami