UBER and LYFT Milestones Bode Well For ALYI Electric Motorcycles Rideshare In Africa

Date : 05/29/2019 @ 6:28PM
Source :InvestorsHub NewsWire
Stock : Alternet Systems, Inc. (PC) (ALYI)
Quote : 0.0085  0.0002 (2.41%) @ 3:25PM

UBER and LYFT Milestones Bode Well For ALYI Electric Motorcycles Rideshare In Africa

UBER and LYFT Milestones Bode Well For ALYI Electric Motorcycles Rideshare In Africa 


New York, NY -- May 29, 2019 -- InvestorsHub NewsWire -- via www.nextbigticker.com

The rideshare market is anticipated to reach almost $218 billion by 2025.  Uber (NYSE: UBER) has just IPO’d and Lyft (NASDAQ: LYFT) has captured 29% of the rideshare market.  In the meantime, Alternet Systems (USOTC: ALYI) is targeting the rideshare market in developing market economies with a market specific solution.  Namely, an electric motorcycle with a side car.  The company has already announced $2 million in orders with most of them going to the rideshare market in Africa.  More recently the company has been working on a $20 million order for its electric motorcycles that will also go into the African rideshare market.  The deal for the $20 million order includes an assembly plant in Africa. 

ALYI - Alternet Systems Prepares For Rapid Growth Starting With Anticipated $20 Million Order

As UBER and LYFT shake off the China Trade War market turbulence and their respective share prices reflect the actual value of the burgeoning rideshare market, ALYI is likely to be pulled along in the share price uplift and recognized for its differentiated approach to uniquely targeting the developing economic market with a custom fit rideshare solution.  In the meantime, investors can accumulate ALYI under $0.02 in anticipation of the eventual trigger that sends the PPS to an analyst recommended target price of $0.09.

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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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Alternet Systems, Inc. (PC) (USOTC:ALYI)
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