Breaking #Telecom/ #Tech
#Stock News - iQSTEL (OTC: $IQST)
Announces 2020 FY and Q2 Financial Figures: FY Revenues Surpass $16M and Q2 Net
Income Exceeds $1.2 Million, a Year-Over-Year Increase of 90% and 362%
Respectively; @IQstel
NEW YORK, NY -- 8/12/2020 - - (Investorideas.com Newswire) Breaking Tech/
Telecom Stock News- iQSTEL (OTC: IQST), a leading-edge 21st Century
Enhanced Telecommunications Service Provider, continues with record breaking
financials as the 2020 Q2 net income entrenches the company’s growth road-map
with $1.2M+ in quarterly net income.
Read this news featuring
IQST in full at https://www.investorideas.com/news/2020/technology/08121IQST-FY-Q2-Financial.asp
The
growth throughout the 1st half of 2020 is a testament to the
business and acquisition strategies put in place over the past few years.
Combining key local and global agreements, iQSTEL continues to expand with year
to date revenues reaching $16.1M, a significant increase from 2019’s year to
date $8.4M. The 2020 Q2 net income surpassed 2019’s Q2 figure of ($484k) by 362%.
Mr. Iglesias commented “Our growth during 2020 has
been phenomenal and is attributed to our focus on strong carrier agreements and
strategic subsidiary acquisitions. While COVID-19 has significantly impacted
the global economy, we have seen our revenues continue to increase as we
facilitate connectivity across the telecom marketplace. The re-opening of
various global economies has further increased these beyond expectations. Our
subsidiaries shine as success stories, even at this early stage, as was seen in
our recent release detailing their individual net income.”
Further details will be available in our 10-Q
filing’s expected over next days.
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.
About Alcyon Cloud SMS S.A.S (Commercial Brand SMSDirectos.com ):
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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