iQSTEL Announces the Return of 5,144,123 Shares in Conjunction With the Resignation of Mr. Oscar Brito from the Board
March 04 2020 - 7:16AM
InvestorsHub NewsWire
iQSTEL Announces the Return of
5,144,123 Shares in Conjunction With the Resignation of Mr. Oscar
Brito from the Board of Directors
NEW YORK, NY -- March 4, 2020 -- InvestorsHub NewsWire -- iQSTEL
Inc. (IQST)
today announced that Mr. Oscar Brito, CFO of Metrospaces, Inc.,
will resign from the Board of Directors, effective immediately, to
pursue other personal interests.
As part of the resignation agreement, Metrospaces, Inc. will
return 5.1M shares. Metrospaces will keep 992k shares that are
under a lock up and subsequent leak out agreement. Additionally,
Metrospaces will have the right to purchase up to 1.25M shares over
the next 24 months, at $2 per share.
Mr. Iglesias, the iQSTEL’s CEO, stated: “iQSTEL wishes to thank
Mr. Brito for the invaluable service he has provided to the
Company, helping us reach many milestones, including numerous
funding and M&A efforts. While Mr. Brito will continue to
provide us with guidance on an as needed basis, we wish him all the
best success as he dedicates his day-to-day activity to
Metrospaces.”
“With our goal of an up-list to a national market, such as
NASDAQ, we are forming a search committee to find a replacement
board member with expertise in the up-listing process and provide
long-term institutional investor introductions,” concluded Mr.
Iglesias.
About iQSTEL Inc.:
iQSTEL (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.
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 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
Europe, USA and Latin America. 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.
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,
IREmail:investors@iqstel.com
Source: iQSTEL
Inc.
www.iqstel.com; www.swisslink-carrier.com; www.etelix.com; www.qglobalsms.com
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