ALYI Reports On Expanding EV Ecosystem Revenue Streams
February 18 2022 - 11:44AM
InvestorsHub NewsWire
Dallas, TX -- February 18, 2022 --
InvestorsHub NewsWire --
- Current Transition From Concept To Revenue
- $10 Million 2022 Revenue Outlook With Potential To $50
Million
- Revenue Potential From PJET Partnership
- Revenue Potnetial From WPUR Partnership
- Revenue Potential From Shared Mobility Pre-IPO Investment
Alternet Systems, Inc. (USOTC:
ALYI) today publish a progress report update on the company’s
2022 strategic outlook to reach $10 million in organic revenue with
the potential to reach a $50 million stretch revenue goal.
The update comes in the form of a shareholder letter from ALYI CEO
Randell Torno. The letter is included in its entirety
below:
Dear
Shareholders:
ALYI has entered into 2022 at a very
exciting juncture in the development of our EV Ecosystem
business. That juncture is the transition from concept
development to revenue
traction.
ALYI is now generating revenue from the
sale of electric motorcycles and three-wheeled electric
Bahas. Our EV sales are only one component of our EV
Ecosystem where we expect to generate revenue, and we are now on
the verge of seeing additional revenue streams from other EV
Ecosystem components begin to make the transition from concept to
revenue traction.
One might think the ALYI share price would
react more positively to the transition from concept to
revenue. However, ALYI’s transition has coincided with a
market weighted with more uncertainty than confidence.
Inciting a positive reaction for any positive progress is an uphill
battel for any company at this moment.
Nonetheless, ALYI is proceeding with our
transition even though the progress we make today may not be
immediately reflected in our share price while market uncertainty
prevails. I am confident optimism will return to the market
and the progress ALYI makes now will later be
recognized.
I encourage you to review the ALYI
2022 strategic outlook presentation that explains how the
various components of the company’s EV Ecosystem fit together to
drive revenue and shareholder
value.
The 2022 strategic outlook plans for ALYI
to reach $10 million in organic revenue with the potential for us
to reach a $50 million stretch revenue
goal.
We expect the $10 million in organic
revenue to come from our growing EV sales. We have
established a comprehensive platform that we believe can soundly
advance the growth of our EV sales. ALYI has established
distribution and shared ride management partnerships in Africa that
facilitate the entire lifecycle of our electric motorcycles and
Bajas once they are produced. Our platform in Africa is
licensed to import and has the backing to finance motorcycles for
shared ride drivers through a lease to own
contract.
Our EV sales opportunity could be greater
than $10 million, and we certainly won’t rule out the potential to
increase our 2022 EV sales target. In the meantime, the
additional revenue that would take us to our stretch revenue goal
targeting $50 million is anticipated from other components of our
EV Ecosystem.
Our partnership with Priority Aviation,
Inc. (PJET),
a company that is no longer in the aviation business having
transitioned into a business serving university students, could
soon begin generating additional revenue for ALYI. ALYI is
providing electric motorcycles to PJET for a pilot university
student campus transportation program that could expand from a
pilot into a full-fledged program. PJET expects to start
demonstrating vehicles on campuses in Texas before the end of the
first quarter and taking orders.
ALYI has also partnered with WaterPure
International, Inc. (WPUR),
a water utility management company that has expanded into electric
utility management focusing on innovative sustainability technology
projects in Africa that can be scaled globally. ALYI is
working on multiple projects with WPUR. Our off grid electric
vehicle charging project has the potential to start generating
revenue later this year for both ALYI and
WPUR.
From our
current vantage point, the most substantial stretch revenue
contribution would come from ALYI’s direct investment the shared
mobility market. The shared mobility market
reached $420 billion in 2020 and is
expected to reach $770 billion by 2030. ALYI’s investment is both tactical and
strategic. The investment could tactically produce a
significant monetary return on investment and strategically, it
could substantially expand ALYI’s EV
sales.
ALYI has made
a strategic monetary investment in a car sharing technology company
called Zoomcar
Inc.
Early Zoomcar investors include Sequoia
Capital, former US Treasury Secretary Larry Summers, Mahindra &
Mahindra Ltd. and Ford Smart Mobility LLC, a unit of Ford Motor
Co.
We are
optimistic about the tactical and strategic ROI potential of ALYI’s
investment, and that optimism is growing in reaction to recent news
on Zoomcar’s progress:
“Zoomcar, an
India-headquartered self-drive car rental platform operator, plans
to get listed in the US in the first half of 2022 with an expected
valuation of over USD 1bn” said co-founder and CEO Greg
Moran.
"The company
is still assessing both traditional initial public offering (IPO)
and SPAC routes and will finalize the advisory team in the coming
months", Moran said.
ALYI has just executed a new agreement
that advances our brand name electric auto racing event initiative
in Kenya around which we intend to build a major, annual global EV
symposium to advance EV technology worldwide. I look forward
to sharing more details on our event progress in a future
update.
With a population approaching 8 billion
people, and with less that 2 billion of the population living
within a developed economy, the world has boundless opportunity for
economic growth. The current market uncertainty will
eventually be overcome by that massive economic growth
opportunity. Here at ALYI, we never lose sight of that
massive economic growth
opportunity.
Sincerely,
Randell
Torno
CEO ALYI
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.
Alsternet
Systems, Inc.
Randell
Torno
info@lithiumip.com
+1-800-713-0297
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