Breaking #VoIP #Stock News
-iQSTEL (OTC: $IQST) Announces
$5 Million Q1 Revenues, Targets Over $9 Million for Q2; @IQstel
NEW YORK, NY – May 7,2020 -(Investorideas.com Newswire )- VoIP / Telecom Stock News - iQSTEL Inc. (OTC: IQST) is pleased to report strong first-quarter
revenues of $4,980,151, an increase of 20% over 2019’s first-quarter. These
figures do not include revenues from QGlobal SMS, they will be booked in the
second-quarter.
Read
this news featuring IQST in full at https://www.investorideas.com/news/2020/technology/05071iQSTEL-Q1-Revenues.asp
iQSTEL record setting growth
continues for 2020. The completion of the QGlobal SMS subsidiary formation and
recent acquisition have Q2 projections set to surpass $9 million in revenues.
QGlobal SMS revenue, on a yearly basis is estimated at $30 million.
The global mobile VoIP market is
estimated to surpass $140 billion by 2024 according to a recent report by Grand
View Research, Inc. SMS marketing market size continues to grow as another
report by Grand View Research projects 20% CAGR through 2025 for the US alone
as companies switch from traditional marketing methods, reducing costs and
increasing ROIs.
Mr. Iglesias commented: “Our team at
iQSTEL and subsidiaries bring record results again. While the COVID-19
near-global-closure has affected many companies’ ability to operate, we
continue to surpass expectations. Our
business has stayed very strong through the COVID-19 pandemic as many
businesses have expanded their work-from-home strategy, thus boosting
intra-company telco services. Even
though our main clients are carriers, the bulk of the underlying business is
corporate. We expect this trend to
continue in the coming months and even becoming part of the “new normal” we’ll
be seeing as the economy adapts going forward.”
“QGlobal’s business revenue
diversification of 60% SMS and 40% VoIP is proving to be a successful model
with more than 98% of our SMS revenue coming from pre-paid customers.”
concluded Mr. Iglesias, iQSTEL’s CEO.
About iQSTEL Inc.:
iQSTEL Inc.
(OTC: IQST) www.iQSTEL.com is a Publicly Listed Company
in US. iQSTEL is a leading-edge 21st Century Enhanced
Telecommunications Service Provider offering a wide range
of cloud-based enhanced services to the Tier-1 and Tier-2
carriers, enterprise market, as well as the retail market. iQSTEL
through its subsidiaries (www.etelix.com ; www.SwissLink-Carrier.com ; www.QglobalSMS.com ; www.itsBchain.com)
offers a “one-stop-shop” for international and domestic VoIP
services, SMS exchange for A2P and P2P, Internet of Things (IoT) applications,
4G & 5G international infrastructure connectivity, as well as
blockchain-based payment and phone number mobility platforms to international
and domestic Tier-1 carrier for VoIP, SMS, and Data.
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.
About QGlobal SMS LLC.:
QGlobal SMS LLC www.qglobalsms.com is a 51% owned subsidiary of iQSTEL
Inc. QGlobal
SMS is a USA based company founded in 2020 specialized in international and domestic SMS termination, with
emphasis on the Applications to Person (A2P) and Person to Person (P2P) for
Wholesale Carrier Market and Corporate Market in US. QGlobal SMS has commercial presence in Europe, USA
and Latin America. QGlobal
SMS has
robust international interconnection with Tier1 SMS Aggregators, guarantying
its customers high quality and low termination rates, over more than 100
countries worldwide.
About itsBchain LLC.:
itsBchain LLC www.itsBchain.com is a 75% owned
subsidiary of iQSTEL Inc. itsBchain is a blockchain technology developer
and solution provider, with a strong focus on the telecom sector. The
company is the final stage of development of a series of blockchain solutions
aimed at using the blockchain ledger and smart contract solutions to enable
more efficiency, quickness in execution and fraud-prevention in the telco
industry. Specifically, the company is developing a solution that will
enable users and carriers to transfer mobile phone numbers with just a few
clicks, allowing users and carriers the ability to transfer retail users
from one mobile carrier to another instantly. Additionally, the company
is finalizing a carrier-grade marketplace solution to procure payments between
carriers for cross-traffic of VoIP, SMS and data realtime as traffic is crossed
between carriers. This marketplace will allow for instant payment
settlement as well as the prevention of fraud between carriers.
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.
www.iqstel.com ; www.swisslink-carrier.com ; www.etelix.com ; www.qglobalsms.com ; www.itsBchain.com
Investorideas.com Paid news Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced
news, articles and equity research as well as creates original content,
including video, interviews and articles. Original content created by
investorideas is protected by copyright laws other than syndication rights. Our
site does not make recommendations for purchases or sale of stocks, services or
products. Nothing on our sites should be construed as an offer or solicitation
to buy or sell products or securities. All investing involves risk and possible
losses. This site is currently compensated for news publication and
distribution, social media and marketing, content creation and more. Disclosure
is posted for each compensated news release, content published /created if
required but otherwise the news was not compensated for and was published for
the sole interest of our readers and followers. Contact management and IR of
each company directly regarding specific questions. Disclosure : this news
release featuring iQSTEL Inc. (OTC: IQST) is a paid for news release on
Investorideas.com https://www.investorideas.com/News-Upload/
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and
our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com Global investors must
adhere to regulations of each country. Please read Investorideas.com privacy
policy: https://www.investorideas.com/About/Private_Policy.asp
About
Investorideas.com
Sign up for free stock
news alerts at Investorideas.com
No comments:
Post a Comment