U.S. Markets closed

ALYI - Alternet Systems $1 Million Electric Motorcycle Order Sparks Fleet Sales Momentum

DALLAS, Sept. 10, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Alternet Systems, Inc. (USOTC: ALYI) today announced mounting fleet sales momentum sparked by the news that the company has received an order for 100 of its ReVolt Electric Motorcycles.  The company is now receiving unsolicited inquiries regarding additional fleet sales orders.  Management introduced the first ReVolt Electric Motorcycle targeting individual consumer sales.  The idea was to have modest consumer sales fund the commercialization of the energy storage technology that powers the electric motorcycle.  Larger scale sales were anticipated from next generation ReVolt Electric Motorcycles not yet on the slate for development and production.  The fleet sales interest is a welcome surprise and the company is updating its go-to-market strategy accordingly to capitalize on the surprise fleet sales interest.

The recently announced 100-unit order is intended to support a new inner-city shared ride initiative in Africa.  The price per unit is $10,000 making the order total $1 million.  The ReVolt Electric Motorcycle is a stylish retro design with a rugged structure coming with two saddle seats and a side car.  Alternet’s ReVolt Electric Motorcycle is currently in pilot production.  The order is contingent on a successful test of the pilot electric motorbike expected to take place before the end of this year.  If the test is successful, the first 30 electric motorcycles will then go into production.  The total order calls for a phased delivery over a 2-year period.

ReVolt is founded on Alternet Systems overarching strategy to commercialize advanced energy storage technologies by integrating the technologies into specific products and services.  The company plans to imminently launch a new website with more details on its latest advanced energy storage developments, progress with ReVolt Electric Motorbikes and other projects underway to commercialize advanced energy storage technologies.

Learn more on the company's website (soon to be updated): www.lithiumip.com
Learn more about ReVolt Electric Motorbikes: www.revoltmotorbikes.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
1 800 713 0297