Dallas, Texas, Feb. 22 10, 2022 (GLOBE NEWSWIRE) — Alternet Systems, Inc. (OTC Pink: ALYI) on Friday released an update to the progress report on the company’s strategic outlook for 2022 to reach $10 million in organic revenue with the potential to reach a revenue goal of $50 million. ALYI Electric Vehicle Off Grid Charing Solution partnership with WaterPure International, Inc. was featured in the update.
The update comes in the form of a letter to shareholders from ALYI CEO Randell Torno. The letter is included in full below:
Dear shareholders:
ALYI has entered 2022 at a very exciting time in the development of our EV Ecosystem business. This moment is the transition from concept development to revenue traction.
ALYI now generates income through the sale of electric motorcycles and three-wheeled electric Bahas. Our electric vehicle sales are just one part of our electric vehicle ecosystem where we expect to generate revenue, and we are now poised to see additional revenue streams from other components of the vehicle ecosystem. electricity begin to move from concept to revenue traction.
You would think that ALYI stock price would react more positively to the move from concept to revenue. However, ALYI’s transition coincided with a market weighted by more uncertainty than confidence. Instigating positive feedback for any positive progress is an uphill battle for any business right now.
Nonetheless, ALYI continues to transition even though the progress we make today may not be immediately reflected in our share price as market uncertainty prevails. I am confident that optimism will return to the market and that the progress ALYI has made now will be recognized later.
I encourage you to check out the Presentation of the ALYI 2022 strategic outlook which explains how the various components of the company’s EV ecosystem fit together to drive revenue and shareholder value.
The strategic outlook for 2022 calls for ALYI to reach $10 million in organic revenue with the possibility for us to reach a stretch revenue goal of $50 million.
We expect the $10 million in organic revenue to come from our growing electric vehicle sales. We have a comprehensive platform in place that we believe can advance the growth of our electric vehicle sales. ALYI has established shared ride distribution and management partnerships in Africa that facilitate the entire life cycle of our electric motorcycles and Bajas once they are produced. Our platform in Africa is authorized to import and has the support to finance motorcycles for carpool drivers through a hire-purchase agreement.
Our EV sales opportunity could exceed $10 million, and we certainly aren’t ruling out the possibility of increasing our 2022 EV sales target. In the meantime, incremental revenue that would bring us to our target of expanded revenue targeting $50 million is anticipated from other components of our electric vehicle ecosystem.
Our partnership with Priority Aviation, Inc. (OTC Pink: PJET), a company that is no longer in the aviation industry and has become a business serving college students, may soon begin to generate additional revenue for ALYI. ALYI is providing electric motorcycles to PJET for a university student campus transportation pilot program that could grow from a pilot project to a full-fledged program. PJET plans to begin demonstrating vehicles on Texas campuses before the end of the first quarter and taking orders.
ALYI has also partnered with WaterPure International, Inc. (OTC Pink: WPUR), a water utility management company that has expanded into electric utility management with a focus on innovative sustainability in Africa that can be scaled up globally. ALYI is working on several projects with WPUR. Our off-grid electric vehicle charging project has the potential to start generating revenue later this year for ALYI and WPUR.
From our current perspective, the largest contribution to extended revenues would come from ALYI’s direct investment in the shared mobility market. The shared mobility market reaches $420 billion in 2020 and expected to reach $770 billion by 2030. ALYI’s investment is both tactical and strategic. The investment could tactically produce a large monetary return on investment and strategically it could significantly increase ALYI’s electric vehicle 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 return on investment potential of ALYI’s investment, and this optimism is growing in reaction to recent news on Zoomcar’s progress:
“Zoomcar, an India-based self-drive car rental platform operator, plans to list in the United States in the first half of 2022 with an expected valuation of over $1 billion,” the co said. -Founder and CEO Greg Moran.
“The company is still evaluating both traditional initial public offerings (IPOs) and SPAC avenues and will finalize the advisory team in the coming months,” Moran said.
ALYI has just signed a new agreement which advances our branded electric car racing event initiative in Kenya around which we intend to create a major annual global electric vehicle symposium to advance electric vehicle technology. in the whole world. I look forward to sharing more details on our event’s progress in a future update.
With a population approaching 8 billion and less than 2 billion people living in a developed economy, the world has unlimited opportunities for economic growth. The current market uncertainty will eventually be overcome by this huge opportunity for economic growth. At ALYI, we never lose sight of this huge opportunity for economic growth.
Truly,
Randell Torno
CEO ALYI
For more information and to stay up to date with ALYI’s latest developments, please visit www.alternetsystemsinc.com.
Disclaimer/Safe Harbor: This press release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. Statements reflect the Company’s current beliefs regarding 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, failure to meet deadlines or performance requirements of the companies’ contracts, the companies’ liquidity condition, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive prices. In light of these uncertainties, the forward-looking events discussed in this press release may not occur.
Alternet Systems, Inc.
Randell Torno
[email protected]
+1-800-713-0297
Comments are closed.