ALYI Announces LOI For New EV Fleet Order - Revenue Outlook Anticipated To Increase To $500 Million d
September 11 2020 - 12:25PM
InvestorsHub NewsWire
Dallas, TX -- September 11, 2020 --
InvestorsHub NewsWire -- 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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