ALYI - Alternet Systems Inc Reports $180K In YTD Revenue With Sights Set On $1 Million By Year End
November 20 2018 - 9:17AM
InvestorsHub NewsWire
Dallas, TX -- November 20, 2018 --
InvestorsHub NewsWire -- Alternet Systems, Inc. (USOTC:
ALYI) (“ALYI”) today announced reporting $180,000 in year to
date revenue through the period ending September 30th,
2018 compared to no revenues reported for the same period last
year. Yesterday, the company filed its financial report for
the third quarter of 2018. Last week, the company reported
that is ReVolt Electric Motorcycle pilot production and testing
required to trigger payments on 150 electric motorcycle’s is
progressing toward a 2018 fruition. Management anticipates
the successful pilot completion within the next two weeks.
The payments triggered by the successful completion will push
Altnernet Systems to over $1 million in revenue for 2018.
Alternet
Systems, Inc.: Alternet Systems, Inc. (OTC
- 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. These products are
released through its newly launched ReVolt Electric Motorbikes
subsidiary.
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
Alternet Systems (CE) (USOTC:ALYI)
Historical Stock Chart
From Mar 2024 to Apr 2024
Alternet Systems (CE) (USOTC:ALYI)
Historical Stock Chart
From Apr 2023 to Apr 2024