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ALYI Announces LOI For New EV Fleet Order - Revenue Outlook Anticipated To Increase To $500 Million

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DALLAS, Sept. 11, 2020 /PRNewswire/ -- Alternet Systems, Inc. (USOTC: ALYI) has entered into a letter of intent (LOI) 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.  

ALYI currently has already entered into an initial $20 million electric motorcycle order and an additional letter of intent for a $30 million contract. Both agreements cover six-year durations resulting in an overall $300 million revenue opportunity for ALYI.  The new order expected to be signed later month would edge ALYI toward a $500 million revenue opportunity outlook.

ALYI plans to release additional details on the new potential order next week.

For more information and to stay up to date on ALYI's latest developments , please visit: http://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.

Alternet Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297

 

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SOURCE Alternet Systems, Inc.

ALTERNET SYSTEMS INC

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About ALYI

alternet systems, inc. (alyi) invests in and partners with companies that are creating the future of money in the high growth, emerging technology fields of digital commerce, multichannel payments, and predictive analytics. vision: be the leading digital commerce, multichannel payments, predictive analytics solutions provider into global markets recognizing that the world is becoming increasingly dependent on technological conveniences, alternet systems aims to provide its customers with the tools to prepare themselves for a new era of digital commerce and payments, financial services and consumer information, and, most importantly, a new era of how to live. since 2010, alternet has maintained a progressive focus on the high-growth, mobile value-added service industries of mobile financial services and mobile security. in 2014, the company expanded its scope of expertise to include in its investment verticals the exciting digital commerce space, transforming the legacy electronic payme