iQSTEL's June 2020 Revenues Jump over 190% Compared to June 2019, Pushing Q2 Revenues Over $11 Million
July 20 2020 - 07:45AM
InvestorsHub NewsWire
NEW YORK, NY -- July 20,
2020 -- InvestorsHub NewsWire -- iQSTEL Inc. (OTC:
IQST), a leading-edge 21st Century Enhanced Telecommunications
Service Provider, just closed out Q2 2020 with fantastic revenue
figures. The preliminary breakdown is as
follows:
- June 2020 revenues: over $4.2 million, an increase
surpassing 190% as compared to June 2019’s $1.44
million
- Q2 revenues: over $11 million, projections of around $9
million shattered
- SMS operations represent 65% of revenue
stream
- 60% of revenue is prepaid
revenue.
The complete Q2 financials
along with a more in-depth summary will be posted once the
accountants have completed the 10Q
file.
“We appreciate our
shareholders’ patience during the past few months as we worked to
reduce our convertible debt and completed the various mergers and
acquisitions. The results so far speak for themselves. We also
thank the entire iQSTEL family for their dedication and belief in
our business model. Q3 and Q4 are lining up to be very exciting and
we look forward to providing updates as we reach new milestones,”
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.comis 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.comis 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.comis 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 the US. QGlobal SMS has commercial presence in the 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
businesses, 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.comconsists 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.comis 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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