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Press release content from Globe Newswire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Globe Newswire
Press release content from Globe Newswire. The AP news staff was not involved in its creation.

ALYI M&A Target Contribution Potential Included In Upcoming 2021 EV Ecosystem Revenue Update

August 31, 2021 GMT

Dallas, TX, Aug. 31, 2021 (GLOBE NEWSWIRE) -- Alternet Systems, Inc. (OTC Pink: ALYI) (“ALYI”) today announced the upcoming management update scheduled for next week on Thursday, September 9th, 2021, to highlight the company’s progress on delivering 2,000 electric motorcycles in Africa to serve the motorcycle taxi (boda-boda) market, will also include updates on the company’s recently announced merger and acquisition targets, and ALYI’s Retro Revolt Electric Motorcycle initiative in North American. The company has already indicated it expects over a million in revenue this year.  The update will provide more details on anticipated sales before the end of the year to include a specific revenue target.

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ALYI is building an entire EV Ecosystem that addresses the entire EV adoption environment from the perpetual design of best in class vehicles to the perpetual design of the myriad of mechanical and digital systems that go into a best in class vehicle; from the charging and maintenance infrastructure that goes into supporting consumer and commercial vehicles, to the EV value proposition itself that drives consumers and businesses to transition from combustion engines to electric powered vehicles.

ALYI has seeded an overall EV Ecosystem Business Strategy with the development of its own EV motorcycle business that includes the Rideshare initiative in Africa to replace existing combustion engine powered motorcycle taxis with electric motorcycles.
The global motorcycle taxi market was valued by Verified Market Research at $16 billion in 2018 and expected to grow to over 29 billion by 2026.

ALYI has designed its EV ecosystem solution to include democratized participation. ALYI has partnered with RevoltTOKEN to finance ALYI’s growth by offering participation in the EV ecosystem through the sale of Revolt Tokens.

To learn more about RevoltTOKEN and how to participate in ALYI’s electric vehicle ecosystem through the purchase of Revolt Tokens, visit  https://rvlttoken.com/.

For more information and to stay up to date on ALYI’s overall latest developments, please visit  www.alternetsystemsinc.com.

Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies’ contracts, the companies’ liquidity position, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.

For more information, please visit:  http://www.alternetsystemsinc.com
Alternet Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297