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

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Dallas, TX, March 31, 2022 (GLOBE NEWSWIRE) — 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 established the core of its EV ecosystem by East Africa where it has already begun rolling out a full electric motorcycle business. ALYI is rolling out electric motorcycles in the robust motorcycle taxi market. ALYI actively delivers a $2 million electric motorcycle control Kenya executed 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 the replication of its African electric motorcycle model in Latin Americafrom Brazil.

In BrazilRide-sharing apps such as Uber have already rolled out motorcycle ride-sharing solutions.

See – Uber is expanding 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’s 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 cryptocurrency strategy in Brazil

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

In lease-purchase contracts Brazil, ALYI plans to add a cryptocurrency payment mechanism. Following the implementation of the crypto-currency solution in BrazilALYI 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. Statements reflect the Company’s current beliefs 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 companies’ contracts, the companies’ liquidity condition, the companies’ ability 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

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Source: Alternet Systems, Inc.

2022 GlobeNewswire, Inc., source Press Releases

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