#Telecom / #Tech #Stocks
for investors to Watch: iQSTEL (OTC: $IQST) FY Revenues Surpass $16M; @IQstel
Q2 Net Income
Exceeds $1.2 Million, a Year-Over-Year Increase of 90% and 362% Respectively
NEW YORK, NY -- 8/13/2020 - - (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/08131iQSTEL-FY-Revenues-Surpass.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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