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Dallas, TX , Sept. 03, 2021 (GLOBE NEWSWIRE) -- Alternet Systems, Inc. (OTC Pink: ALYI) (“ALYI”) today invites shareholders and interested investors to view a presentation and interview with CEO Dr. Randell Torno talking about the history and future of the company’s Electric Vehicle Ecosystem featuring its leading Electric Motorcycle Business focused on replacing combustion engine motorcycle taxi’s in developing economic markets with electric motorcycles.
Dr. Torno appeared live earlier this week on EmergingGrowth.com, a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth Companies and Markets. Dr. Torno appeared at the 15th Emerging Growth Conference.
The Conference identifies companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long-term growth.
Dr. Torno’s presentation and interview can be viewed in its entirety at the following link:
ALYI is building an entire EV Ecosystem that addresses the entire EV adoption environment from the perpetual design of best in class vehicles to the perpetual design of the myriad of mechanical and digital systems that go into a best in class vehicle; from the charging and maintenance infrastructure that goes into supporting consumer and commercial vehicles, to the EV value proposition itself that drives consumers and businesses to transition from combustion engines to electric powered vehicles.
ALYI has seeded an extensive overall Electric Vehicle Ecosystem Business Strategy with an Electric Motorcycle Business.
ALYI’s Electric Motorcycle Business is heavily weighted on delivering a Rideshare solution in Africa to replace existing combustion engine powered motorcycle taxis with electric motorcycles.
The global motorcycle taxi market was valued by Verified Market Research at $16 billion in 2018 and expected to grow to over 29 billion by 2026.
ALYI will not just generate revenue selling electric motorcycles into the taxi market, ALYI will also generate revenue from participating in the taxi market itself as it evolves into a Rideshare business model.
Not only does participation in the taxi market provide more resiliency for ALYI’s electric motorcycle business, but it also provides the potential for higher profit margins than typical EV businesses are designed to generate.
Tesla, for instance, reported a 24% gross margin as of June 30, 2021. Uber reported a 46% gross margin as of June 30, 2021. ALYI plans to generate revenue not just from the sale of EVs, but also, for instance, from the rideshare business the company is delivering EVs to.
Management plans to elaborate further on its overall revenue targets and gross margin expectations next week, on Thursday, September 9th, 2021, in conjunction with a schedule management update to provide the latest details on the company’s progress on delivering 2,000 electric motorcycles in Africa to serve the motorcycle taxi (boda-boda) market. The company has already indicated it expects over a million in revenue this year. The update will provide more details on anticipated sales before the end of the year to include a specific revenue target.
ALYI has designed its EV ecosystem solution to include democratized participation. ALYI has partnered with RevoltTOKEN to finance ALYI’s growth by offering participation in the EV ecosystem through the sale of Revolt Tokens.
To learn more about RevoltTOKEN and how to participate in ALYI’s electric vehicle ecosystem through the purchase of Revolt Tokens, visit https://rvlttoken.com/.
For more information and to stay up to date on ALYI's overall latest developments, please visit www.alternetsystemsinc.com.
Founded in 2009, Emerging Growth.com quickly became a leading independent small cap media portal. Over the years, it has developed an extensive history of providing unparalleled content, in identifying emerging growth companies and markets that can be overlooked by the investment community.
The next step in its evolution is the Emerging Growth Conference.
About the Emerging Growth Conference
The Emerging Growth conference is an effective way for public companies to present and communicate their new products, services and other major announcements to the investment community from the convenience of their office, in an effective and time efficient manner.
The audience includes potentially tens of thousands of Individual and Institutional investors, as well as Investment advisors and analysts.
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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.
For more information, please visit: http://www.alternetsystemsinc.com
Alternet Systems, Inc. Contact: