ALYI awaits a second $2 million order replicating the African electric motorcycle business in Brazil

Receive instant alerts when news is published about your stocks. Claim your one week free trial for StreetInsider Premium here.

Dallas, Texas, March 31, 2022 McapMediaWire

Alternet Systems, Inc. (OTC Pink: ALYI) is building an EV ecosystem that includes organic and partner solutions for all aspects of the growing EV transportation system.

ALYI has established the core of its EV ecosystem in East Africa where it has already started rolling out a full electric motorcycle business. ALYI is rolling out electric motorcycles in the robust motorcycle taxi market. ALYI is actively delivering a $2 million order of electric motorcycles in Kenya fulfilled in the fourth quarter of 2021 and is expected to be included in the company’s upcoming 2021 annual report (the company will file an extension today and publish the 2021 annual report during the extension period).

ALYI is now engaged in replicating its African electric motorcycle model in Latin America, starting with Brazil.

In Brazil, ride-sharing applications such as Uber have already deployed motorcycle ride-sharing solutions.

To see Uber expands ride-sharing services with motorcycles in Brazil.

ALYI is currently working to establish a relationship with a local distributor who will in turn offer ALYI electric motorcycles to transport drivers on a hire-purchase basis in the same way that ALYI is now working with a local distributor in Kenya.

Added Brazil Cryptocurrency Strategy

ALYI has developed a cryptocurrency funding strategy for its EV ecosystem. Participation in ALYI’s EV ecosystem is facilitated through the sale of Revolt Tokens (RVLT) – learn more about RVLT at https://rvlttoken.com/.

In lease-purchase agreements in Brazil, ALYI plans to add a cryptocurrency payment mechanism. Following the implementation of the cryptocurrency solution in Brazil, ALYI will retroactively implement the proven solution in Kenya.

To learn more about ALYI, visit www.alternetsystemsinc.com.

Disclaimer/Safe Harbor: This press release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the company’s current views regarding 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, failure to meet deadlines or performance requirements of the company’s contracts, the company’s liquidity position, the ability of the company to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive prices. In light of these uncertainties, the forward-looking events discussed in this press release may not occur.

Contact:Alternet Systems, Inc.Randell Torno

[email protected]

+1-800-713-0297

MCAP Media Feed | House