Alternet Systems Inc. Says Revenues Will Come In 2021; Expands Presence In African Rideshare Markets To Exploit Significant EV Market Opportunities (OTCMKTS: ALYI)


August 19, 2021 -- InvestorsHub NewsWire -- via Hawk Point Media -- Alternet Systems, Inc. (USOTC: ALYI) gave investors something to cheer about after announcing that revenues from its Electric Vehicle (EV) Taxi Business should start to roll in before the end of this year. While sales may be coming later than many hoped, the company added that its expanded presence in the sector, especially in the African markets, should more than makeup for the delay. Shares are trading higher by 16% on the update.

The announcement on Wednesday comes after CEO Dr. Randell Torno returned to Dallas following meetings in Nairobi to discuss strategic opportunities ahead of its planned roll-out of its EV Taxi Pilot Program. According to his update, ALYI targets an African market where millions of motorcycles are already deployed as taxis or boda-bodas. And ALYI, as one part of its overall EV Ecosystem Business Strategy, is intending to help change that combustion-engine landscape by bringing its innovative ReVolt EV motorbike to the markets.

ALYI further reiterated that its order to deliver 2000 EV bikes to the Kenyan market remains a focus. He is also optimistic that its first EV motorcycle delivery could lead to a much more substantial order. As many as 20,000 more units, he said. It’s an ambitious projection, but it also shows how fast the opportunities are coming into play.

For now, ALYI management indicated that it anticipates its pilot program to transition seamlessly into fulfilling the first electric motorcycle orders and initiating revenue from the fulfillment of the first orders starting this year. The company also said it will refine its revenue forecast from the EV Taxi Business to a specific dollar amount within the next thirty days. Hence, investors should stay tuned. Better still, perhaps evaluating the investment opportunity at current levels may also be a wise consideration.

An EV Ecosystem Adds Value

The delays in getting the ReVolt EV motorbike to market results from COVID-related logistical challenges and ALYI’s pace of expanding its reach deeper into the sector. And while the company appears to have taken on a substantial number of interests, management remains confident of their seamless nature to deliver quick and accretive revenues.

Now, halfway through 2021, instead of ALYI bringing only a single product to market, it has enhanced its focus toward helping create an EV Ecosystem that addresses the entire EV adoption environment. That includes interests in the perpetual design of best-in-class vehicles, potential rewards from the opportunities inherent to the mechanical and digital system businesses, and even getting involved in the charging and maintenance infrastructure needed to maintain the pace of growth in an emerging market.

Of course, with its focus significantly widened, ALYI says they won’t take on the project alone. Instead, they are building partnerships and investment interests into multiple parts of the sector. Further, they are intensely focused on creating an annual EV symposium and conference anchored by an EV race event in Kenya. They note that global brands in the space are expected to be present.

Keep in mind, too, ALYI has been developing a partnership with a major EV racing brand for more than two years now. ALYI notes that the first milestone objectives contemplated under the agreement have been achieved, and the next steps are imminent, including announcing who this potentially valuable EV racing brand is. That release, by the way, has ALYI management expecting the brand association to substantially increase ALYI’s overall visibility and status within the global EV market.

Another deal that can add tremendous value is its association with RevoltTOKEN, the financing arm expected to facilitate ALYI’s growth by offering participation in the EV ecosystem through the sale of Revolt Tokens. Keep in mind, too, RevoltTOKEN isn’t exclusive to ALYI. That security token invests in multiple EV market opportunities, with each investment intending to create value for its token holders. Hence, an investment in RevoltTOKEN could offer investors a well-diversified balance into a multi-billion dollar sector. Click HERE to learn more about that opportunity.

And there is still more to like.

Pay And Ride

In addition to its ride-share pilot program, ALYI is evaluating the potential of creating a self-drive rental program that utilizes its electric motorcycles. The program would allow customers in Kenya to use a smartphone app to rent shared electric motorcycles and drive themselves, generating revenues reminiscent of how electric scooter company Bird has made millions by renting out shared electric scooters in urban areas.

According to its description, customers of the service could simply hop on ALYI’s electric motorcycle and drive themselves to their destination, eliminating the need to wait for a driver. Best of all, as the program would not require any payments to a driver, the business model could deliver high-margin revenues with little capital expenditure. That could be a part of the way that ALYI gets to its 20,000 bike target.

Its partnerships also add to the value proposition. ALYI’s partnership with iQSTEL (OTC: IQST) is one of its most exciting collaborations. The ALYI-IQST collaboration is primarily focused on developing alternative battery solutions that could potentially transform the electric vehicle industry. HD thin-film technology and industrial hemp are two of its novel energy solutions currently in development, demonstrating the ability to provide a more energy-efficient alternative to current EV batteries. These technologies have enormous potential, and discovering a practical application could pave the way for various uses beyond electric motorcycles.

In addition to leveraging its ability to promote energy efficiency, ALYI and IQST are also working to improve battery geolocation, maintenance processes, online diagnostic communications, and remote configuration. The collaboration could prove instrumental in bringing ALYI to the forefront of the industry. In fact, ALYI believes that the partnership could soon develop industry-leading solutions, creating an opportunity to generate significant returns through business partnerships and licensing agreements.

Value May Be Near And Patience Rewarded

Admittedly, ALYI shares could be doing better. But, the news that revenues are on the horizon did the stock well, sending it higher by 16% at press time. Moreover, management laid out a plan to provide more guidance and corporate updates within the next 30 days. Thus, with shares hovering around the $0.02 level, the value proposition is compelling.

Of course, while high risk/high reward investments propositions aren’t for the faint of heart, they usually pay off with a premium. And while some offer an all-or-nothing proposition, ALYI looks to have the resources and capital behind them to mitigate some of the downside risks. Investors should always perform due diligence, whether a stock is a penny a share or $100 per share. With that said, ALYI’s current position to create value looks better than ever heading into the back half of 2021.

And with an expected catalyst expected within 30 days, the announcement of a potentially massive EV sector partner and its expanding relationships with IQST and RevoltTOKEN, share prices at current levels may indeed be undervaluing its assets and interests. 

Perhaps the best news for those wanting to invest in ALYI’s plans and ambitions, however, is that the information needed to drive valuations higher may be close at hand. Thus, ALYI presents a value play from both a near and long-term investment perspective.

 

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Source - https://www.digitaljournal.com/pr/alternet-systems-inc-says-revenues-will-come-in-2021-expands-presence-in-african-rideshare-markets-to-exploit-significant-ev-market-opportunities-otcmkts-alyi

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