Breaking #Tech/
#Telecom #Stock News - iQSTEL, Inc. (OTC: $IQST) Executes Acquisition of
Revenue Generating SMS-Carrier Assets; Forms New JV for SMS Business for
Wholesale Carrier and Corporate Solutions; @IQstel
NEW YORK, NY, February 12, 2020 - (Investorideas.com Newswire )-
Breaking Tech Stock News - iQSTEL Inc. (OTC: IQST) today announced the execution of an acquisition agreement for an SMS Business. A
new 51% owned JV is being created for this business acquisition.
Read this news featuring
IQST in full at https://www.investorideas.com/news/2020/technology/02121OTCIQST-SMS-Carrier-Assets.asp
The SMS market is primarily made up of 3 areas: App-to-Person
(A2P), Person-to-Person (P2P) and cloud-based services for corporate clients.
The global market sees 5 billion people using SMS messaging according to
SlickText. By 2025 that number is expected to hit 6 billion with the driving
force of 5G deployment. China, USA, Japan and most of Europe are the dominant
markets with Latin America close behind.
Mr. Iglesias, the Company’s CEO stated: “With this acquisition,
iQSTEL now has the IT and carrier agreements to officially launch its SMS
business. The acquisition is inclusive of current carrier contracts that
currently generate approximately $600,000 per year, thus will be accretive to
revenue from day 1. This additional technology will be cross-sold with iQSTEL’s
current carrier base, and increased inventory, allowing for a projected annual
revenue rate of $6 million within 9-12 months. The name of the new company will
be QGlobal SMS.”
“The SMS market as a whole provides for an increased margin over
VOIP services, thereby providing for a strong return to the company. A2P
(App-to-Person) continues to grow as this is the two factor authentication
service that many people and companies (Microsoft, Facebook, banks, etc) are
now using in addition to username/passwords. Security is an important component
to the global economy and this acquisition allows iQSTEL Inc. (OTC: IQST) to not only benefit revenue wise, but to
bring this added security layer to Latin America and other countries,”
concluded Mr. Iglesias, the Company’s
CEO.
Companies are shifting their communications from phone/voice and
email to SMS as statistics show the majority of people prefer SMS over phone or
email contact, in addition to responding faster. An added benefit is all phones
support SMS for two factor authentication (A2P) bypassing any app compatibility
issues. The A2P market is currently exploding as seen in the MobileSquared
chart.
About iQSTEL
Inc.:
iQSTEL (OTC: IQST) www.iQSTEL.com is a technology company offering a wide array of services to
the Telecommunications Industry. These include services to International
Long-Distance Telecommunications Operators (ILD Wholesale), Retail and
Corporate markets (ILD Retail), Submarine Fiber Optic Network capacity,
Satellite Communications services, Mobile Virtual Network Operator (MVNO)
services, Internet of Things (IoT) technology solutions, Data Center facilities
capacity leasing, and Blockchain solutions for the Telecommunications industry.
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.
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.
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