Blockchain
ALYI $300 Million Electric Vehicle Revenue Outlook Could Soon Double
Dallas, Texas–(Newsfile Corp. – August 12, 2020) – Alternet Systems, Inc. (OTC Pink: ALYI) today announced that in reaction to recent events, its existing $300 million revenue outlook could soon double, if not go even higher.
Management highlighted the recent surge in electric vehicle investment interest. Tesla, among other notable electric vehicle initiatives to include Nikola, Workhorse and Nio are seeing a groundswell in electric vehicle investor enthusiasm.
That same electric vehicle investor groundswell is resulting in increased opportunity for ALYI.
ALYI currently has 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.
With electric vehicle market interest at an all-time high, ALYI management currently reports that it has entered into discussions for additional fleet orders that could substantially increase its current $300 million revenue opportunity doubling the current outlook and potentially seeing the outlook even higher than twice the current $300 million revenue opportunity.
ALYI has entered into an agreement to receive a $25 million investment from RevoltTOKEN to fund ALYI’s electric mobility initiative in Africa leading with the ReVolt Electric Motorcycle. The investment is part of a RevoltTOKEN planned initial cryptocurrency offering (ICO) intended to raise $100 million for an overall investment into ALYI’s electric mobility initiative in Africa.
Over two years ago, ALYI piloted an electric motorcycle that in its first rendition was a BMW R71 clone retrofitted with an electric motor. The BMW R71 is a breathtaking iconic image popularized through decades of frequent Hollywood screen appearances in addition to the real engineering breakthroughs that maintain the bike’s relevance.
The market opportunity initially considered for the ReVolt Electric Motorcycle encompassed a target audience of clean energy enthusiasts drawn to the iconic image. While that market remains in ALYI’s sites, the much larger target market opportunity involves dominating a core component of the everyday transportation sector in Africa – motorcycle taxis or Boda-bodas.
Iconic design alone would not make the ReVolt Electric Motorcycle a dominant competitor in the African motorcycle market. So began an intense and comprehensive engineering initiative to expand upon the engineering breakthroughs of the original BMW R71 motorcycle to make the ReVolt Electric Motorcycle the go-to option in the African market.
The ReVolt Electric Motorcycle today is an innovation feat. When ALYI unveils the production version of the ReVolt Electric Motorcycle, it will be an industry changing event. The ReVolt Electric Motorcycle is a connected, state of the art electric motorcycle, ergonomically optimized for its target market while still maintaining an iconic look.
ALYI expects to be in production later this year.
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
[email protected]
+1-800-713-0297
Blockchain
Phoenix Group Engages BHM Capital as Liquidity Provider to Boost ADX Liquidity and Enhance Market Dynamics
The post Phoenix Group Engages BHM Capital as Liquidity Provider to Boost ADX Liquidity and Enhance Market Dynamics appeared first on HIPTHER Alerts.
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Blockchain
Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins
In a recent communication directed to Treasury Secretary Janet Yellen, US Senator Elizabeth Warren has strongly advocated for the incorporation of robust Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) measures specifically tailored for stablecoins. Senator Warren’s correspondence underscores the critical importance of adopting the full array of AML tools outlined by the Treasury Department in a prior November 2023 communication to Congress.
Senator Warren has underscored the burgeoning threat posed by cryptocurrencies, particularly stablecoins, to national security. She has specifically drawn attention to instances where entities like Iran and Hamas have turned to cryptocurrencies as a means to raise funds and support terrorist activities. To effectively address this evolving threat landscape, Senator Warren asserts that any forthcoming crypto legislation must encompass comprehensive AML/CFT authorities as requested by the Treasury Department.
Moreover, Senator Warren has made reference to the testimony provided by Deputy Secretary Adewale O. ‘Wally’ Adeyemo before the Senate Committee on Banking, Housing, and Urban Affairs. In this testimony, Adeyemo emphasized the critical need for additional AML authorities to combat the growing menace posed by cryptocurrencies. Senator Warren has pointed out that the exclusion of crucial actors within the digital asset ecosystem, such as miners and validators, from AML/CFT requirements could potentially enable nefarious actors to exploit the increased crypto trading facilitated by stablecoin legislation.
Senator Warren’s steadfast stance on the regulation and oversight of cryptocurrencies is aligned with her prior efforts aimed at curbing illicit activities and safeguarding consumers, the financial system, and national security interests. She has persistently advocated for the closure of loopholes in AML regulations that allow sanctioned entities like Iran to derive revenue through crypto transactions. Furthermore, Senator Warren has consistently voiced concerns regarding the exploitation of cryptocurrencies in terrorist financing schemes and has called for the implementation of stronger regulatory frameworks to protect both consumers and national security interests within the realm of stablecoin-related legislation.
Source: blockchain.news
The post Elizabeth Warren Urges Treasury Secretary Yellen to Implement Strong AML/CFT Measures for Stablecoins appeared first on HIPTHER Alerts.
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