#Tech #Stock iQSTEL (OTC: $IQST) JV to accelerate launch of #Metaverse
Solution for #Telecom, Targeting $61 Billion Market; @IQstel
New York, NY, March 22,
2023, -(Investorideas.com newswire) Breaking Tech/ Telecom Stock News at
Investor Ideas - iQSTEL (OTC: IQST) today
announced entering into a Joint Venture (JV) with GOTMY to accelerate the
launch of a turnkey, white label metaverse solution for iQSTEL’s
telecommunication customers. The metaverse market size by revenue is estimated
to currently be worth $61.8 billion and expected to
grow to $426.9 billion by 2027.
Read this news, featuring IQST in full at https://www.investorideas.com/news/2023/technology/03221iQSTEL-Metaverse-Solution-Telecom.asp
iQSTEL currently
delivers over $90 million in annual base revenue from its telecommunications
offerings while expanding upon its base to include a comprehensive suite of new services designed to satisfy basic human
needs in a modern world: ubiquitous communications; financial freedom, and
clean, affordable mobility.
iQSTEL’s
telecommunications division is already profitable and management expects the EV
and Fintech divisions to generate new profit streams this year.
GOTMY has expanded its
personalized live video marketplace and platform offered through an app
available for iPhone, Android and PC enabling content creators and internet
influencers to host and monetize online events.
GOTMY now offers a white label metaverse solution empowering brands,
large and small, to host 3D events where participants can interact with the
brand and even buy from the brand in an online store without downloading any
app or using a wallet. Learn more about GOTMY here.
Through the JV with
GOTMY, iQSTEL will offer its telecommunication carrier clients a white label
solution enabling telecommunication carriers to interact with their customers
(end users, and enterprises) through a metaverse platform.
The iQSTEL white label
metaverse solution developed in partnership with GOTMY will be tailored to
provide telecom carriers with a distinctive and immersive customer experience.
In line with GOTMY’s mission to offer universally accessible experiential
spaces, the iQSTEL solution for telecom carriers is intended to accommodate all
mobile phone users, not just those with high-end VR headsets.
Jose E.
Puente, CEO of GOTMY, expressed his enthusiasm for the collaboration:
"We are eager to initiate this joint venture with iQSTEL, introducing our
technology to the telecommunications market. We firmly believe that our white
label metaverse will enable telecom carriers to provide exceptional and
engaging experiences for their customers, while ensuring that these experiences
are accessible to a broader audience."
IQSTEL management
believes the metaverse will become as ubiquitous as the Internet serving as a
standardized gateway for all content, products, services, and customer support
services.
In conjunction with
the GOTMY JV, iQSTEL also announces the new iQSTEL Metaverse business division,
with Jose Enrique Puente as CEO.
The first business objective of the new Metaverse division is to
complete a graphic design upgrade and launch the iQSTEL metaverse solution next
quarter.
Leandro Iglesias
commented "We are very excited to launch our own metaverse platform. I have personally known Jose Enrique Puente
for more than 15 years. He is a highly
qualified entrepreneur and visionary with an impressive track record. iQSTEL is fortunate to have him on board.
Under Jose’s leadership I expect our metaverse platform to first differentiate
iQSTEL within the telecommunications carrier market and then to subsequently
grow and expand into becoming the tie that unifies iQSTEL’s telecommunications, financial and mobility solutions into a
seamless single offering satisfying basic human needs in a modern world:
ubiquitous communications, financial freedom and clean, affordable mobility.
Look for iQSTEL to launch the Joint Venture Metaverse Brand and Product next
quarter adding to our telecommunications income and potentially compelling an
increase to our current $105 million annual revenue forecast.”
The iQSTEL and GOTMY
partnership is set to revolutionize the telecommunications industry by
presenting carriers with a leading, innovative approach to connecting with
their customers. By merging the expertise of two industry-leading companies,
this trailblazing solution promises to make a substantial impact within the
telecommunications sector.
About iQSTEL Inc.:
iQSTEL Inc. (OTCQX:
IQST) (www.iQSTEL.com) is a US-based publicly listed company holding an Independent
Board of Directors and Audit Committee with a presence in 19 countries and 70
employees offering leading-edge services through its four business lines. The
Telecom Division (www.iqstelecom.com), which represents the majority of current
operations, offers VoIP, SMS, proprietary Internet of Things (IoT) solutions,
and international fiber-optic connectivity through its subsidiaries: Etelix,
SwissLink, Smartbiz, Whisl, IoT Labs, and QGlobal SMS. The Fintech business
line (www.globalmoneyone.com) (www.maxmo.vip) offers a complete Fintech ecosystem MasterCard Debit Card, US
Bank Account (No SSN Needed), Mobile App/Wallet (Remittances, Mobile Top Up).
Our Fintech subsidiary, Global Money One, is to provide immigrants access to
reliable financial services that make it easier to manage their money and stay
connected with their families back home. The BlockChain Platform Business Line
(www.itsbchain.com) offers our proprietary Mobile Number Portability Application
(MNPA) to serve the in-country portability needs through its subsidiary,
itsBchain. The Electric Vehicle (EV) Business Line (www.evoss.net) offers electric motorcycles to work and have fun in the USA,
Spain, Portugal, Panama, Colombia, and Venezuela. EVOSS is also working on the
development of an EV Mid Speed Car to serve the niche of the 2nd car in the
family.
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 information 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 partly 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. This press release does not constitute a public offer of any
securities for sale. Any securities offered privately will not be or have not
been registered under the Act and may not be offered or sold in the United
States absent registration or an applicable exemption from registration
requirements.
iQSTEL Inc.
IR US Phone:
646-740-0907
IR Email: investors@iqstel.com
Contact Details
iQSTEL Inc.
+1 646-740-0907
Company Website
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