#Telecom Stock’s Q2 Revenues in the News: iQSTEL (OTC: $IQST) Q2 Revenues Reach a Record $11M with Operating Subsidiaries; @IQstel

#Telecom Stock’s Q2 Revenues in the News: iQSTEL (OTC: $IQST) Q2 Revenues Reach a Record $11M with Operating Subsidiaries; @IQstel

 

NEW YORK, NY –July 30, 2020 – (Investorideas.com Newswire) Breaking Tech/ Telecom Stock News- iQSTEL (OTC: IQST), a leading-edge 21^st Century Enhanced Telecommunications Service Provider, is pleased to provide the latest figures from Q2 2020 for our operating subsidiaries.

 

Read this news featuring IQST in full at https://www.investorideas.com/news/2020/technology/07301IQST-Q2-Operating-Subsidiaries.asp

 

iQSTEL’s overall revenues for Q2 2020 surpassed the $11M mark and the net income broke past the $420K mark. The company continues on track to reach further record revenues/income figures as well as new acquisitions throughout the rest of 2020.

 

As seen in the included spreadsheet image (full details in the forthcoming Q2 filing), our operating subsidiaries all had positive Net Income:

 

Company	Etelix	SwissLink	Qglobal	IoT Labs	Operating Total
Commercial Brand	Etelix	SwissLink	Qglobal Miami	Qglobal Austin
Services	VoIP	VoIP	SMS	SMS	VoIP + SMS
Revenues	$          3,402,887	$           1,183,088	$                   163,546	$                 6,381,403	$                11,130,924
Gross Profit	$             304,665	$              171,760	$                     61,316	$                    194,567	$                     732,308
Expenses	$             104,793	$              160,372	$                     25,651	$                      15,074	$                     305,889
EBITBA	$             225,835	$                20,969	$                     35,665	$                    179,494	$                     461,963
Net Income	$             199,872	$                11,388	$                     35,665	$                    179,494	$                     426,419
Does NOT Include the Expenses nor Costs of our PubCo Holding iQSTEL Inc

“The tremendous growth we have seen in 2020 continues despite COVID-19’s global economic impact. Further proof that our business model, a combination of corporate growth and acquisitions, is working very well. All of our operating subsidiaries just reached a major milestone, going Net Income positive. Our management experience in Telecom Operations has been key in the achievement of these results. We look forward to fantastic Q3 and Q4’s as we anticipate further corporate and subsidiary developments leading in to 2021.” commented Mr. Iglesias, iQSTEL Inc’s CEO.

 

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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#Defence #Stock’s in the News: Patriot One (TSX: $PAT.TO) (OTCQX: $PTOTF) to Deploy PATSCAN Platform with City of Cincinnati; @Patriot1tech

#Defence #Stock’s in the News: Patriot One (TSX: $PAT.TO) (OTCQX: $PTOTF) to Deploy PATSCAN Platform with City of Cincinnati; @Patriot1tech

 

Ginter Electrical Expands Installations of Multi-Sensor Threat Detection Platform in Ohio

 

 

TORONTO, ON – July 30, 2020 -- (Investorideas.com Newswire ) Breaking security stock news-  Patriot One Technologies Inc. (TSX: PAT) (OTCQX: PTOTF)  (FRANKFURT: 0PL) (“Patriot One” or the “Company”), developer of the PATSCAN™ Multi-Sensor Covert Threat Detection Platform, is pleased to announce the upcoming deployment of its PATSCAN Platform to integrator/reseller partner Ginter Electrical Contractors, LLC (“Ginter Electrical”) of Cincinnati, OH and the City of Cincinnati.

 

Read this news featuring Patriot One in full at https://www.investorideas.com/news/2020/defense/07301PatriotOne-PATSCAN-Cincinnati.asp

 

“Working with Ginter Electrical and the City of Cincinnati to deploy our PATSCAN Platform in select government venues is a great opportunity to demonstrate how private industry and government can work together to ensure the public’s safety,” said Martin Cronin, Patriot One CEO.  “We’re excited to deliver our covert threat detection solution that is not only focused on saving lives but saving a way of life that the city’s employees, residents and visitors have come to expect since its establishment in December 1788.”

 

Five (5) PATSCAN Multi-Sensor Covert Threat Detection Platforms were shipped this week to Ginter Electrical in Cincinnati, Ohio, where they will be joined by Patriot One engineers and City of Cincinnati Facilities and Law Enforcement representatives to begin deployment of the platforms at select city facilities.  Specific locations will not be disclosed.

 

“City of Cincinnati officials have been closely following our efforts on the PATSCAN Platform deployment with the Cincinnati Reds Major League Baseball organization,” shared T.J. Dooley, Ginter Electricals’ Systems Integration Manager. “Following successful demonstration of the solution at the Reds’ undisclosed location, city management and law enforcement began to discuss plans for some initial deployments in select city buildings. We’re now ready to begin these deployments.”

 

“We pride ourselves on being a forward thinking, innovative Midwest city; always looking for ways to enrich our residents’ and visitors’ lives, while keeping them safe,” shared Interim City Manager Paula Boggs Muething. “I am proud to be part of a nationwide group against gun violence, as we continue our own efforts to develop Cincinnati as a smart, safe city with safer, healthy communities. Bringing solutions like the PATSCAN Threat Detection Platform will help us achieve this goal.  What started with our home team, the Cincinnati Reds at Great American Ball Park, will now expand across our great city.  As it spreads across our state and nation, we can take pride in the fact that Cincinnati played a leading role.”

 

Following the deployment of the initial five (5) PATSCAN Platforms, Patriot One and Ginter Electrical will work with the city officials on broadening deployment of the solution throughout other city facilities, as well as with other Ginter Electrical clients who have expressed interest in the multi-sensor threat detection platform.

 

Respectfully

 “Martin Cronin”

 

Martin Cronin, CEO

 

About Patriot One Technologies Inc. (TSX:PAT) (OTCQX: PTOTF) (FRA: 0PL):

Patriot Ones' mission is to deliver innovative threat detection and counter-terrorism solutions for safer communities. Our PATSCAN™ Multi-Sensor Covert Threat Detection Platform provides a network of advanced sensor technologies with powerful next generation AI/machine learning software. The network can be covertly deployed from far perimeter to interiors across multiple weapons-restricted facilities. The PATSCAN™ platform identifies and reports threats wherever required; car park, building approach, employee & public entryways and inside the facilities. Each solution in the platform identifies weapons, related threats or disturbances, or potential health and safety threats for immediate security response. Our motto Deter, Detect and Defend is based on the belief that widespread use of the PATSCAN™ platform will act as an effective deterrent to diminish the epidemic of active threats around the globe. For more information, visit: www.patriot1tech.com or follow us on Twitter and Facebook.

 

About Ginter Electrical Contractors:  Since 1998, Ginter Electrical has been providing high-quality, reliable commercial systems integration in the Greater Cincinnati/Tri-State area.  As one of the most reliable and professional electrical contracting firms in the area, Ginter Electrical can provide full-service end-to-end, electrical solutions for all kinds of power systems.  The company’s highly trained, high quality work force has over 200 years of combined electrical experience and is committed to providing its clients with the most comprehensive and efficient electrical and security solutions available, at a competitive price.  As a family owned and operated company, we are proud of the high-quality workmanship we provide our friends and associates in the Greater Cincinnati area. To learn more, visit ginterelectric.com.

 

For further information, please contact:

 

Patriot One Technologies Inquiries

info@patriot1tech.com

www.patriot1tech.com

 

Investor Relations

John Martin, Patriot One Technologies                         

+1 (888) 728-1332                                         

johnm@patriot1tech.com                                           

 

Media Contacts:

Scott Ledingham, Patriot One Technologies                           

+1-613-806-7135                                           

scott@prmedianow.com

 

 

CAUTIONARY DISCLAIMER STATEMENT:

No securities exchange has reviewed nor accepts responsibility for the adequacy or accuracy of the content of this news release. This news release contains forward-looking statements relating to system sales, product development, licensing, commercialization and regulatory compliance issues and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects”,” believes”, and similar expressions. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include counterparty default and other risks detailed from time to time in the filings made by the Company with securities regulations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law.

 

Neither the Toronto Stock Exchange (TSX) nor its Regulation Services Provider (as that term is defined in policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.

 

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