The electric motorcycle company ALYI operates alongside

Dallas, Texas, December 13, 2021 (GLOBE NEWSWIRE) – Alternet Systems, Inc. (OTC Pink: ALYI) today introduced the Harley-Davidson announcement that it will go public with its LiveWire electric motorcycle division through a SPAC merger with AEA-Bridges Impact Corp at a pro forma enterprise value of $ 1.77 billion.

“LiveWire plans to redefine motorcycles as the industry leader in fully electric motorcycles, with a focus on the urban market and beyond,†the company said in a statement.

LiveWire says it will have two strategic partners, Harley-Davidson and Taiwanese powersports company KYMCO.

“At the risk of sounding shameless, ALYI implemented what now appears to be the Harley-Davidson electric motorcycle business plan ahead of Harley-Davidson,†said Internet Systems CEO Dr. Randell Torno. “We married Western design with Asian manufacturing to develop electric motorcycles for the emerging urban market while Harley-Davidson was still developing electric motorcycles at SUV prices. Now Harley-Davidson believes their urban and beyond goal with their partner KYMCO is a $ 1.7 billion idea. Well, I tend to agree with them. ALYI just got the idea first. Perhaps with a global brand like Harley-Davidson pursuing an electric motorcycle strategy parallel to our own, ALYI’s electric motorcycle business will benefit from the implicit validation of our electric motorcycle strategy.

ALYI has started shipping electric motorcycles made in China to enter into service in the motorcycle taxi market in East Africa.

ALYI partnered with MODUS in 2019, a Texas-based engineering company, and to develop an electric motorcycle for ALYI based on the BMW R71 motorcycle design of the 1930s.

ALYI recognized early on the market’s potential to marry Western design with Asian manufacturing.

In addition to rolling out electric motorcycles in Africa, ALYI has also started supplying electric three-wheeled vehicles in Africa for the taxi and delivery markets as another component of ALYI’s global EV ecosystem solution. .

ALYI’s EV ecosystem strategy firstly focuses its efforts on developing solutions for the East African market where per capita transport is low and where EV solutions have the potential to be a first transport solution on the market rather than replacing an existing solution.

EV solutions robust enough to support the East African environment are also likely to be viable solutions anywhere else in the world, and ALYI plans to expand globally.

ALYI designed its EV Ecosystem solution to include democratized participation. ALYI has partnered with Revolt Token (RVLT) to fund the growth of ALYI 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 the latest global developments at ALYI, please visit www.alternetsystemsinc.com.

Safe Harbor / Disclaimer: This press 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 in this document will make significant sales, failure to meet the timing or performance requirements of the companies’ contracts, the liquidity position of the companies, the capacity companies to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In light of these uncertainties, the forward-looking events mentioned in this press release may not occur.

Alsternet Systems, Inc.Randell Torno

[email protected]

+ 1-800-713-0297

• $ ALYI – Electric Motorcycle Company ALYI Works Parallel to Harley-Davidson SPAC

• $ ALYI – Electric Motorcycle Company ALYI Works Parallel to Harley-Davidson SPAC