GlobeNewswire Inc | Oct 20, 2021 09:27AM EDT

October 20, 2021

Dallas, TX, Oct. 20, 2021 (GLOBE NEWSWIRE) -- Alternet Systems, Inc. (OTC Pink: ALYI) (ALYI) plans to execute two strategic acquisitions of East African companies next month, in November.

ALYI is an Electric Vehicle and overall Electric Vehicle Ecosystem company concentrating on the East African market with plans to expand into to the overall global developing economic market.

The first of the two acquisitions is designed to strategically integrate ALYI into the motorcycle taxi market in Kenya and enhance the companys profits by ultimately adding higher margin revenue from the taxi operations to the revenue generated from the sale of electric motorcycles.

The second acquisition will solidify ALYIs strategy to introduce an annual brand name EV race in Kenya and at the same time, increase ALYIs revenue and margin potential.

ALYI CEO Randell Torno will be in Nairobi and London next month in conjunction with the anticipated closing of the two acquisitions.

The company recently announced a $2 million 2021 revenue target anticipated from sales of its first electric motorcycles into the African motorcycle market.

ALYI is building an entire Electric Vehicle (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 designed its EV Ecosystem solution to include democratized participation. ALYI has partnered with Revolt Token to finance ALYIs growth by offering participation in the EV ecosystem through the sale of Revolt Tokens.

To learn more about Revolt Token and how to participate in ALYIs 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 visitwww.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.

For more information, please visit: http://www.alternetsystemsinc.com Alternet Systems, Inc. Contact: Randell Tornoinfo@lithiumip.com +1-800-713-0297