ALYI Announces $10 Million 2022 Base Revenue Target And $50 Million Stretch Target
November 22 2021 - 08:53AM
InvestorsHub NewsWire
Dallas, Texas -- November 22, 2021 -- Alternet
Systems, Inc. (USOTC:
ALYI) (“ALYI”) today announced an initial $10 million base
revenue target for 2022 and a stretch revenue target of $50
million.
The base revenue target is calculated from what management
anticipates to generate as a result of the projected expansion of
its existing electric vehicle sales rollout in Sub Sahara
Africa. ALYI has initiated the delivery of its first electric
motorcycles for the taxi market in Kenya and three wheeled electric
Bahas for the taxi and delivery market in Ethiopia. ALYI
anticipates $2 million in revenue in 2021.
In addition to vehicle sales, ALYI expects revenue from EV
Ecosystem sponsorship sales and EV partnerships.
ALYI is an Electric Vehicle and overall Electric Vehicle Ecosystem
company concentrating on the East African market with plans to
expand into to the overall global developing economic market.
ALYI is building an Electric Vehicle (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’s EV Ecosystem strategy is centered on first introducing EVs
in the rugged and economically developing Sub Saharan region of
Africa. Sub-Sahara Africa provides both a technology leapfrog
opportunity with low per capita transportation resources and an
ideal proving ground for best-in-class EV solutions. EVs can
be a first transportation resource here, not one that has to
replace an existing conventional transportation resource. And
if an EV solution can meet the environmental, limited resource, and
economic challenges of Sub-Sahara Africa, then it is a proven best
in class EV solution.
ALYI intends to build a globally recognized EV race series in Kenya
in conjunction with an EV technology hub hosting EV race events
combined with EV technology symposiums and trade shows. ALYI
plans to brand the EV race and technology hub as essential to every
EV business contender. ALYI’s vision is for every EV business
to view participation in ALYI’s Kenya EV race and technology hub as
critical to their own respective EV brands.
ALYI has recently announced finalizing terms on two acquisitions
anticipated to close within the next two weeks. One
acquisition expands ALYI’s potential to penetrate the motorcycle
taxi market in Kenya and the second acquisition secures ALYI’s
electric motorsports business. The electric motorsports
business could begin generating revenue in 2022 and move ALYI
substantiatly toward its stretch revenue target.
ALYI also anticipates revenue from its partnership program.
ALYI is developing key EV Ecosystem partnerships structured with
the potential to generate income. The first such partnership
income is anticipated in 2022 and once confirmed that the
partnership is executing on time, the revenue contribution is
anticipated to be substantial.
Management will publish a target revenue presentation next week
with details on its projected EV sales, EV Ecosystem Sponsorship
sales and EV Ecosystem Partnership income.
ALYI has designed its EV Ecosystem solution to include democratized
participation. ALYI has partnered with Revolt Token to finance
ALYI’s growth by offering participation in the EV ecosystem through
the sale of Revolt Tokens.
To learn more about Revolt Token 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
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