Breaking #Tech/ #Telecom
#Stock News- iQSTEL’s (OTC: $IQST) iQSTEL’s April and May 2020 Revenues Increased 93% and 190%
Respectively Over 2019 Numbers; On Track to surpass $40M Total Revenues in 2020;
@IQstel
NEW YORK, NY - 6/30/2020 -
(Investorideas.com Newswire )- Breaking Tech/ Telecom News- iQSTEL Inc. (OTC: IQST), a
leading-edge 21st Century Enhanced Telecommunications Service
Provider, is pleased to report two consecutive record revenues for April and
May 2020, even with the global impact of COVID-19.
Read this news featuring
IQST in full at https://www.investorideas.com/news/2020/technology/06301iQSTEL-Revenues.asp
For the month of April 2020, the revenue surpassed $2.4 Million
a 93% increase when compared to April 2019’s revenue and for May 2020 the
company’s revenues soared to $4.4
Million an increase of 190% vs May 2019. The May 2020 figures include $2.8
Million in prepaid revenues.
The year-to-date revenues through May 31st, 2020
reached new highs at $11.9 Million, an increase of over 70% compared to the
same year-to-date period for 2019, $6.9 Million.
Mr. Iglesias comments “2020
has brought about the completion of many acquisitions during Q1 and Q2. The
drastic jump in revenues is attributed to a combination of existing business
growth and acquisition consolidated financials. The current breakdown of
revenues across our various product lines is more than 60% from our SMS
business, over 35% from our VoIP services and the remainder from our other
products and services. More than 55% of our revenue stream is prepaid revenue,
giving us a leg up for continued healthy business growth.”
“For many companies, COVID-19 has caused significant business
reduction, while others have completely shutdown, maybe never to reopen. From
the start, we built iQSTEL upon a solid foundation. Our business model has
provided consistent growth and is proven a success with the latest revenue
figures. We are thankful to the entire iQSTEL family for their hard word and
dedication and look forward to the future,” added Mr. Iglesias.
“Concurrently, we are already working on our 2021 revenue and
growth plans. These plans include introducing our IoT Smart Gas Platform (www.iotsmartgas.com) to
the market and working on the development of our Blockchain platforms (www.itsBchain.com).
Additional exciting plans for Q3 and Q4 2020 will be announced soon.” concluded
Mr. Iglesias.
About iQSTEL Inc.:
iQSTEL
Inc (OTC: IQST) www.iQSTEL.com
is a US-based publicly listed company offering leading-edge 21st Century
Enhanced Telecommunications Services with a focus on a wide range of
cloud-based enhanced services to the Tier-1 and Tier-2 carriers, corporate,
enterprise, as well as the retail market. iQSTEL through its subsidiaries
Etelix, SwissLink, QGlobal SMS, SMSDirectos, IoT Labs, IoT Smart Gas Platform,
itsBchain offers a "one-stop-shopping” for international and domestic VoIP
services, IP-PBX services, SMS exchange for A2P and P2P, OmniChannel Marketing,
Internet of Things (IoT) applications (IoT Smart Gas Platform), 4G & 5G
international infrastructure connectivity, as well as blockchain-based
platforms: Mobile Number Portability Application (MNPA) and Settlement &
Payments Marketplace for VoIP, SMS and Data.
About
Etelix.com USA, LLC:
Etelix.com
USA LLC www.etelix.com is a
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 and a commercial brand 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 US,
Mexico, Latin America, EMEA (Europe, Middle East, Asia) and Africa, through our
SMS service providers based in Austin, TX and Miami, FL Our Austin-based SMS
service provider is specialized in the SMS traffic exchange between US and
Mexico, and our Miami-based SMS service provider is focused in the development
of Latin America and the rest of the word. 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.
Alcyon
Cloud SMS S.A.S. (Commercial Brand SMSDirectos.com), is a
whole subsidiary of QGlobal SMS, a Colombian-based Application and Content
Provider. Alcyon Cloud SMS (SMSDirectos.com) is registered with the Secretary
of Information and Communication Technology (ICT) in Colombia, offering
services to government, enterprises, small and medium business, as well as
end-users. Using SMSDirectos’ existing network, they plan to expand services
from SMS to offer omnichannel products and services such as: SMS, Emails, RCS
(Rich Communications Services), Social Media Channels (Whats App, Messenger, etc),
WebRTC (Web Real-Time Communication), VoIP (IP-PBX, SIP Trunking) ChatBots
(Artificial Intelligence Based), SMS to Email, and Email to SMS.
About IoT Labs MX SAPI:
IoT
Labs MX SAPI www.iotlabs.mx , a
subsidiary of iQSTEL Inc, is an Internet of Things (IoT) Mexican technology
development company, creator of the “IoT Smart Gas” Platform and Application.
The IoT Smart Gas platform www.iotsmartgas.com
consists of an IoT field device installed on the LP gas tank (adaptable to
virtually any gas or liquid storage tank) and, thanks to the Internet of Things
(IoT) technology via Sigfox or GSM network connectivity, allows remote managed
and improved logistic processes of refilling, usage tracking and tank
monitoring in real-time by the Smart Gas mobile app. The new GSM tracking
feature allows for mobile use including ground, air, and sea tank monitoring.
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.
IR US
Phone: 646-740-0907, IR Email:
investors@iqstel.com
Source:
iQSTEL Inc. and its subsidiaries:
www.iqstel.com ; www.etelix.com ; www.swisslink-carrier.com ; www.qglobalsms.com ; www.smsdirectos.com ; www.iotlabs.mx ; www.iotsmartgas.com ; www.itsBchain.com
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