Breaking #Telecom/#Tech #Stock
News - iQSTEL (OTC: $IQST) Completes Non-Conversion Agreements Halting All
Further Conversions, Achieving Another Part of the Major Exchange Uplist
Roadmap; @IQstel
NEW YORK, NY – September 8,2020 -(Investorideas.com newswire) Breaking Tech/ Telecom Stock News- iQSTEL (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/09081IQST-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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