#Telecom #Stocks in the News: iQSTEL's (OTC: $IQST)
Spring 2020 Revenues Increased; On Track to surpass $40M Total Revenues in 2020;
@IQstel
NEW YORK, NY – July 1, 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/07011OTCIQST-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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