ALYI Finalizes Terms To Acquire 51% Of East African Business Expected To Accelerate EV Revenue Growth
November 11 2021 - 1:03PM
InvestorsHub NewsWire
Dallas, TX --
November 11, 2021 -- InvestorsHub NewsWire
-- Alternet
Systems, Inc. (USOTC:
ALYI) (“ALYI”) today announced ALYI CEO Randell Torno has
finalized acquisition terms to acquire a majority interest in a
Nairobi business designed to accelerate the company’s electric
vehicle revenue.
“It’s now in
the lawyers hands to draft documents to formally memorize our
agreement,” said Mr. Torno. “ I expect we will have a final
executed document with in a week or
two.”
Mr. Torno has
departed Nairobi for Addis Abba where he is presiding over ALYI’s
rollout of its first electric three wheel Bajaj’s going into
service as taxis and delivery vehicles – photos and videos of the
event to follow upon Mr. Torno’s return to
Dallas.
Next, Mr.
Torno will travel to London where next week he will participate in
strategic meetings further developing ALYI’s electric race in
Nairobi in addition to finalizing terms on a second
acquisition.
ALYI is an
Electric Vehicle and overall Electric Vehicle Ecosystem company
concentrating on the East African market with plans to expand into
to the overall global developing economic
market.
The company
recently announced a $2 million 2021 revenue target anticipated
from sales of its first electric motorcycles into the African
motorcycle market.
ALYI is
building an entire Electric Vehicle (EV) Ecosystem that addresses
the entire EV adoption environment from the perpetual design of
best in class vehicles to the perpetual design of the myriad of
mechanical and digital systems that go into a best in class
vehicle; from the charging and maintenance infrastructure that goes
into supporting consumer and commercial vehicles, to the EV value
proposition itself that drives consumers and businesses to
transition from combustion engines to electric powered
vehicles.
ALYI has
designed its EV Ecosystem solution to include democratized
participation. ALYI has partnered with Revolt Token to finance
ALYI’s growth 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 ALYI's overall latest
developments, please visit www.alternetsystemsinc.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.
For more information, please
visit: http://www.alternetsystemsinc.com
Alternet Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297
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