Breaking #Tech #Telecom #Stock News - iQSTEL, Inc. (OTC: $IQST) announces Etelix FY-2019 Revenue of $16,327,870
for
Record Breaking Year
NEW YORK, NY, January 22, 2020 –
(Investorideas.com
Newswire) iQSTEL Inc. (OTC: IQST) announces record breaking
year for its wholly owned subsidiary Etelix.
Read this news
featuring IQST in full at https://www.investorideas.com/news/2020/technology/01221OTCIQST.asp
Mr.
Iglesias, the Company’s CEO stated: “The growth of our main and wholly-owned
subsidiary Etelix continues to grow organically, well within the Company’s
estimates. For the FY-2019 the Company
finished with $16,327,870, an increase of 18.5% versus FY-2018. The main drivers for this growth have
been excellent operational execution, as well as our continued quest for better
pricing for our clients. The Company is
now finalizing the final quarter revenue and operating profit for our recently
acquired European subsidiary, Swisslink, which once consolidated will increase
the Company’s consolidated revenue and operating profit considerably. We expect to have final revenue numbers in
the coming March. Based on our
excellent continued level of execution, we expect revenue and operating profit
for our consolidated VoIP business to continue on a very robust growth rate
through 2020 and the coming years”.
About iQSTEL
Inc.:
iQSTEL (OTC:
IQST) www.iQSTEL.com is a technology company offering a wide array of services to
the Telecommunications Industry. These include services to International
Long-Distance Telecommunications Operators (ILD Wholesale), Retail and
Corporate markets (ILD Retail), Submarine Fiber Optic Network capacity,
Satellite Communications services, Mobile Virtual Network Operator (MVNO)
services, Internet of Things (IoT) technology solutions, Data Center facilities
capacity leasing, and Blockchain solutions for the Telecommunications industry.
About Etelix.com USA, LLC:
Etelix.com USA LLC www.etelix.com is wholly owned subsidiary of iQSTEL Inc. Etelix.com USA, LLC
is a Miami, Florida-based international telecom carrier founded in 2008 that
provides telecom and technology solutions worldwide, with commercial presence
in North America, Latin America and Europe. Enabled by its 214-license granted
by the Federal Communications Commission (FCC), Etelix provides International
Long-Distance voice services for Telecommunications Operators (ILD Wholesale),
and Submarine Fiber Optic Network capacity for internet (4G and 5G). Etelix was
founded in 2008 and has been profitable since inception.
About SwissLink
Carrier AG:
SwissLink Carrier AG www.swisslink-carrier.com is a 51% owned subsidiary of iQSTEL Inc. SwissLink Carrier AG
is a Switzerland based international Telecommunications Carrier founded in 2015
providing international VoIP connectivity worldwide, with commercial presence
in Europe, CIS and Latin America. SwissLink Carrier AG is a Swiss licensed
Operator, having a domestic Interconnect with Swisscom, allowing their
international Carrier Customers direct terminations via SwissLink into all
Switzerland Fix & Mobile Networks. Since the takeover from Swissphone in
November 2018 and the rename into SwissLink, they operate on a profitable
level.
Safe Harbor
Statement: Statements in this news
release may be "forward-looking statements". Forward-looking
statements include, but are not limited to, statements that express our
intentions, beliefs, expectations, strategies, predictions or any other
statements relating to our future activities or other future events or
conditions. These statements are based on current expectations, estimates and
projections about our business based, in part, on assumptions made by
management. These statements are not guarantees of future performance and
involve risks, uncertainties and assumptions that are difficult to predict.
Therefore, actual outcomes and results may, and are likely to, differ
materially from what is expressed or forecasted in forward-looking statements
due to numerous factors. Any forward-looking statements speak only as of the
date of this news release and iQSTEL Inc. undertakes no obligation to update
any forward-looking statement to reflect events or circumstances after the date
of this news release.
iQSTEL Inc.
Source: iQSTEL Inc.
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