SA Breaking News: ALYI - Alternet Systems revenue surging with new potential customers
September 14 2020 - 10:10AM
InvestorsHub NewsWire
September 14, 2020 -- InvestorsHub NewsWire -- via Seeking Alpha
-- About: Alternet Systems, Inc.
(ALYI) |
By: Manshi Mamtora, CFA, SA News
Editor
Alternet Systems (OTCPK:ALYI) enters into a letter of intent
agreement with a new potential customer for ReVolt
Electric Motorcycles.
The actual order is expected to be complete by the end of
September and it could double the company's current production
outlook.
Today, the company announces a new order update is planned to be
published on Thursday, September 17.
Company has already entered into an initial $20M electric
motorcycle order and an additional letter of intent for a $30M
contract.
Both agreements cover six-year durations resulting in an overall
$300M revenue opportunity for ALYI.
Previously: Alternet Systems enters LOI,
increasing revenue potential to $500M (Sept. 10)
Source: https://seekingalpha.com/news/3613668-alternet-systems-revenue-surging-new-potential-customers?utm_medium=email&utm_source=seeking_alpha&mail_subject=alyi-alternet-systems-revenue-surging-with-new-potential-customers&utm_campaign=rta-stock-news&utm_content=link-3
Other stocks on the move:
CYDY,
ATWT and
NWBO.
SOURCE: Seeking Alpha
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