#Telecommunications #Stocks News: iQSTEL (OTC: $IQST)
Completes Non-Conversion Agreements Halting All Further Conversions; @IQstel
NEW YORK, NY - September 9, 2020 (Investorideas.com Newswire) Breaking Tech / Telecom News - iQSTEL Inc. (OTC: IQST), a leading-edge 21st Century Enhanced Telecommunications Service Provider, is pleased to announce an agreement with the last matured noteholder has been reached, thereby succeeding in halting all further conversions.
Read this news featuring IQST in full at https://www.investorideas.com/news/2020/technology/09091iQSTEL-Non-Conversion-Agreements.asp
As detailed in previous releases, iQSTEL has now
reached non-conversion agreements with all matured note holders with today's
announced M2B agreement.
iQSTEL reached an agreement with M2B allowing for a
moratorium on conversions until Nov 2020 with an extension option through Feb
2021. The extension is contingent upon a $150,000 payment due by Nov 30st,
2020. In addition, a repayment plan is in place moving forward.
As of
this press release, iQSTEL has reduced the debt load significantly and halted
conversions from M2B, as detailed above
and in the corresponding 8-k linked below. The company’s Reg-A investor is
pleased with this last and final halt to conversions and is expected to
continue their support of iQSTEL.
“It has been a long
road but our consistent efforts focused on business growth and strong
acquisitions are bearing fruit as detailed in the recent 10-Q and press
releases. Net income is a huge milestone, and a
required part of our NYSE or Nasdaq uplist plans, along with debt reduction and
halting of dilutionary conversions. We thank M2B for their support and wish
them well on future endeavors.“ Mr. Iglesias commented.
“This
Lock-Up and Leak out agreement with M2B is another key component for our
subsequent acquisition plans.” Mr. Iglesias added.
Full details are available in the corresponding
8-K.
https://www.otcmarkets.com/filing/html?id=14379465&guid=DTY6UKAXfktO6th
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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