September 14, 2020 -- InvestorsHub NewsWire -- via Seeking Alpha --  About: Alternet Systems, Inc. (ALYI) | By: Manshi Mamtora, CFA, SA News Editor 


Alternet Systems (OTCPK:ALYI) enters into a letter of intent 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.

Today, the company announces a new order update is planned to be published on Thursday, September 17.

Company has already entered into an initial $20M electric motorcycle order and an additional letter of intent for a $30M contract.

Both agreements cover six-year durations resulting in an overall $300M revenue opportunity for ALYI.

Previously: Alternet Systems enters LOI, increasing revenue potential to $500M (Sept. 10)

Source: https://seekingalpha.com/news/3613668-alternet-systems-revenue-surging-new-potential-customers?utm_medium=email&utm_source=seeking_alpha&mail_subject=alyi-alternet-systems-revenue-surging-with-new-potential-customers&utm_campaign=rta-stock-news&utm_content=link-3

Other stocks on the move: CYDY, ATWT and NWBO.

 

SOURCE: Seeking Alpha

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