The ReVolt Electric Motorcycle Project in Africa also comes with a potential strategic partnership with a globally recognized brand name. This partnership would likely enhance the sales potential of the overall ReVolt Electric Motorcycle in Africa. Regardless, provided the partnership comes together as currently anticipated, the partnership would account for substantial revenue estimated to reach $30 million annually for six to ten years – a total potential of $300 million in revenue over 10 years. ALYI is working closely with Restance, Inc. (USOTC: ANCE) in the development of the $30 million annual revenue opportunity. The two companies anticipate the project achieving a major milestone within the next two months. Look for news anticipated soon.
Management Transitions
ALYI and ANCE recently announced a coming senior management transition. The transition is largely structured around the project mentioned above anticipated to generate a potential $30 million annually in partnership with ANCE. The transition moves existing management into positions where they can appropriately dedicate time and specific skills to the project. Randy Torno has been the CEO of both ALYI and ANCE. Ed Bollen, the current President of ALYI is transition into the role of ANCE CEO and Randy Torno will then be solely the CEO of ALYI.
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