ALYI ReVolt Electric Motorcycle Gains Ground With Africa Share of $218 Billion Shared Rides
DALLAS, TX -- April 10, 2019 -- InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC: ALYI) (“ALYI”) management is Kenya this week meeting potential partners and touring facilities with the intention of opening an assembly plant to complete manufacturing in Africa for ReVolt Electric Motorcycles to be sold across the African continent. ALYI has already signed $1.5 million in confirmed orders for its ReVolt Electric Motorcycles to be delivered in Kenya and is working on a deal that could result in an additional $20 million order for ReVolt Electric Motorcycles. Management will publish an out-brief presentation this Friday, April 12th from Kenya summarizing the details of this week’s meetings and the status of the overall deal management is developing that would include a $20 million order. Today, management wanted to publish two images to illustrate the opportunity to provide safe, efficient electric motorcycles with a side car to the shared ride market in Africa. Motorcycle Taxis or “boda boda” taxis are already popular in Africa with much room for safety and efficiency improvements. As you can see, Uber already offers a boda boda option in Kenya, and the second image provides insight into the safety improvement opportunities.
The shared ride market is forecasted to reach $218 billion by 2025.
ALYI is focused on offering varied, environmentally sustainable, energy storage solutions for targeted markets, including consumer electric vehicles and military applications. The first product category is lithium battery-powered motorcycles, to be followed by motorbikes. ALYI also has an ongoing hemp energy storage initiative leading its current efforts to introduce an alternative to lithium batteries.
Research Report Speculative Buy Rating And $0.09 Target PPS
Goldman Small Cap Research has recently issued a research report update on the Company. The report confirms a 'speculative-buy' rating with a target price-per-share of $0.09. The report provides an in-depth overview and analysis of Alternet's new strategy, new orders, and upcoming milestones. To view the report, along with disclosures and disclaimers, visit https://www.alternetsystemsinc.com/research-update or http://www.GoldmanResearch.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.
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