Alternet Systems, Inc. OTCMKTS: ALYI Venturing Towards Success

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Alternet Systems, Inc. OTCMKTS: 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. ALYI also has an ongoing hemp energy storage initiative leading its current efforts to introduce an alternative to lithium batteries.

On April 15th, 2019 the company revealed its plan to create over $50 million in value from its African strategy. The $50 million in value will be a combination of revenue generation and asset value. Management spent all last week in Kenya working on a combination of business agreements that are all part of one strategy to advance the company’s electric vehicle business in Africa. The company announced on Friday last week, the execution of a Letter of Intent (LOI) for a ReVolt Electric Motorcycle assembly plant in Kenya that includes an initial $20 million order of 2,000 ReVolt Electric Motorcycles. The company also announced a second LOI agreement that leads to a potential contract where ALYI secures a leadership role in a global electric vehicle institution that is expected to contribute substantially to the ongoing advance of electric vehicle technology worldwide. The second LOI would also lead to substantial revenue generation in addition to the $20 million order for 2,000 ReVolt Electric Motorcycles. Check back Thursday, April 18th to learn more about how the two LOI’s fit into ALYI’s overall plan to create over $50 million in value from its African strategy.

Alternet Systems Inc’s management has been in Kenya this week meeting potential partners and touring facilities with the intention of opening an assembly plant to complete manufacturing in Africa for ReVolt Electric Motorcycles to be sold across the African continent. Management is pleased to announce the visit to Kenya has resulted in the execution of a Letter of Intent (LOI) to move forward with the assembly plant. The LOI includes a planned initial $20 million order of 2,000 ReVolt Electric Motorcycles. The $20 million order would add to a previously announced $1.5 million in confirmed orders for its ReVolt Electric Motorcycles to be delivered in Kenya.

All of the ReVolt Electric Motorcycles targeted for delivery in Kenya are intended to be delivered into the shared ride services market. Motorcycle Taxis or “boda boda” taxis are already popular in Africa with much room for safety and efficiency improvements that the ReVolt Electric Motorycle can deliver. Uber, among other shared ride service providers are already popular in Kenya. The shared ride market globally is forecasted to reach $218 billion by 2025.

ALYI also signed a second LOI this week in Kenya separate from the assembly plant LOI, but very much a significant potential feather ALYI’s Electric Vehicle hat. The second LOI agreement leads to a potential contract where ALYI secures a leadership role in a global electric vehicle institution that is expected to contribute substantially to the ongoing advance of electric vehicle technology worldwide.

On April 10th, 2019, the company’s management met potential partners and touring facilities with the intention of opening an assembly plant to complete manufacturing in Africa for ReVolt Electric Motorcycles to be sold across the African continent. ALYI has already signed $1.5 million in confirmed orders for its ReVolt Electric Motorcycles to be delivered in Kenya and is working on a deal that could result in an additional $20 million order for ReVolt Electric Motorcycles. Management will publish an out-brief presentation this Friday, April 12th from Kenya summarizing the details of this week’s meetings and the status of the overall deal management is developing that would include a $20 million order. Today, management wanted to publish two images to illustrate the opportunity to provide safe, efficient electric motorcycles with a side car to the shared ride market in Africa. Motorcycle Taxis or “boda boda” taxis are already popular in Africa with much room for safety and efficiency improvements. As you can see, Uber already offers a boda boda option in Kenya, and the second image provides insight into the safety improvement opportunities.

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