New York, NY -- January 19, 2021 --
InvestorsHub NewsWire -- iQSTEL, Inc. (USOTC:
IQST) today published a letter from the company CEO, Leandro
Jose Iglesias, to shareholders. The letter is included in its
entirety, below:
SHAREHOLDER
LETTER
January 19th,
2021
Dear Shareholders,
While 2020 was marked by the
COVID-19 pandemic, with the closure of companies and countries
completely paralyzed, iQSTEL was able to advance in the development
of its business plan, reaching a $44.8 Million Preliminary Revenue
Benchmark for FY-2020, and having a $60.5 Million Forecast Revenue
for FY-2021. This was made possible by having a clearly defined
vision and execution plan.
In the course of 2020, we
incorporated three new subsidiaries into our business, with the
acquisition of Qglobal, LLC and IoT Labs, LLC, and the creation of
Global Money One, LLC. These three new companies, combined with our
existing subsidiaries (Etelix, SwissLink and ItsBchain) create a
portfolio of products and services well beyond just in the telecom
arena.
We have also diversified our sources
of revenue. Until 2019, 100% of the revenue came from the VoIP
wholesale services business. That changed in 2020 where only 44% of
our revenue came from VoIP wholesale services and 56% came from SMS
services. Revenue diversification is a fundamental part of our
business plan, and we expect this to continue in 2021
with:
- The successful launch of the
Internet of Things (IoT) products, where we recently won the IoT
Breakthrough Award as the “Appliance of the
Year”.
- Our entry into the Fintech arena
with the release of our Visa Debit Card services through the recent
agreement we signed with DTone, which also allows us to manage
international remittances and top up off mobile services in 42
countries across the World.
We are focused on a continuous
process of value creation for our shareholders, customers,
suppliers, and employees. In this sense, our business plan includes
gathering all the elements that will allow us to complete a future
up-listing to a national exchange.
With that purpose in mind, we have
been working on improving our balance sheet. Recently, we announced
the discharge of all convertible notes and warrants, and a 48%
reduction in total debt. This will be reflected in our first
quarter of 2021 financial report.
To mitigate future dilution over the
next three years, the company is alternatively pursuing a Reg A
registered fund-raising strategy to avoid the potential need of
requiring convertible notes or other forms of toxic financing. For
this reason, the company summited to the SEC an extension for
selling 56 Million shares within the Reg A offering statement
(originally qualified by the SEC in December
2019).
At the time the Company submitted
the Reg A extension, the 10 cents per share price seemed
appropriate. Since then, we have seen a market reaction to recent
business progress and a corresponding share price increase in turn
closing the gap between our business value and our market
cap.
Here is a recap on the most relevant
milestones over the previous three months:
- Signing of a LOI with ALTERNET
(ALYI) to develop an IoT Smart EV device to enter the Electric
Vehicles Supply Market (Technology Division).
- Signing of a MOU with PayVMS and the
incorporation of a new subsidiary, Global Money One, for the
development of our Visa Debit Card (Fintech
Division).
- Execution of the Agreement with
DTone for the International Remittance and Top Up Mobile services
worldwide. These services will be available through our Visa Debit
Card user (Fintech Division).
- Our Telecom Business surpassed $5
million in monthly revenue for three consecutive months, setting
Monthly and Quarterly Revenue Records (Telecom
Division).
- Our IoT Smart Gas winning the
“Appliance of the Year” (Technology Division) award as an IoT
Breakthrough.
We have disclosed within our Reg-A
filing, that the use of funds is for servicing debt and funding
acquisitions in FY -2021. In conjunction with the recently
announced convertible and overall debt reduction, the Reg-A
qualification and pursuant fundraising process can be primarily
dedicated to funding acquisitions.
The Reg-A financial instrument for
raising funds allows the company to sell registered shares, but
does not mandate the sale of registered shares. We plan to only
sell shares in the Reg-A as needed. Furthermore, the Company has
reserved within the Reg A some mechanisms to adjust the offering
share price. We are evaluating all available options at this
time.
Over the last year our Management
Team has shown impressive commitment in executing the business
plan, particularly in successfully completing the acquisitions.
In further proof of their ongoing commitment to and
confidence in the overall long-term potential of the Company,
senior management decided to convert 21 Million common shares
(valuated in +$5.6 Million at Friday’s closing price), into Series
B Preferred shares, with a 1-year Lock-Up and an additional
year Leak Out.
The Company is in the middle of
executing essential activities, which will be announced over the
next couple of weeks. We anticipate these new milestones will
further solidify shareholder confidence in our overall Business and
Corporate direction.
Please send your questions and
thoughts to our ambassador FB group and to
investors@iqstel.com.
Respectfully
yours,
Leandro Jose
Iglesias
iQSTEL Inc.
(www.iqstel.com)
President &
CEO
About iQSTEL Inc
(Updated):
iQSTEL Inc (OTC: IQST) (www.iQSTEL.com) is a US-based publicly-listed company
offering leading-edge Telecommunication, Technology and Fintech
Services for Global Markets, with presence in 13 countries.
The company provides services to the
Telecommunications, Financial Services, Liquid Fuel
Distribution and Electric Vehicle Industries. iQSTEL has 3 Business
Divisions: Telecom, Technology and Fintech, with worldwide B2B and
B2C customer relations operating through its subsidiaries: Etelix,
SwissLink, QGlobal SMS, SMSDirectos, IoT Labs, itsBchain and Global
Money One. The Company has an extensive portfolio of products and
services for its clients: SMS, VoIP, 4G & 5G international
infrastructure connectivity, Cloud-PBX, OmniChannel Marketing, IoT
Smart Gas Platform, IoT Smart Electric Vehicle Platform, Mobile
Number Portability Application MNPA (Blockchain), Settlement &
Payments Marketplace (Blockchain), Visa Debit Card, Money
Remittance, and Pay Mobile Phone Services among
others.
About Etelix.com USA LLC
(iQSTEL´s Telecom Division):
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
(iQSTEL´s Telecom Division):
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
(iQSTEL´s Telecom Division):
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 world. 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 (iQSTEL´s
Telecom Division):
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
(iQSTEL´s Technology Division):
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
(iQSTEL´s Technology Division):
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.
About Global Money One Inc
(iQSTEL´s Fintech Division):
Global Money One Inc. (www.GlobalMoneyOne.com) is a 75% owned subsidiary of
iQSTEL Inc. Global Money One Inc is a Miami, Florida-based
Fin-Tech company that uses a blend of industry expertise,
state-of-the-art technology and compliance requirements to create
disruptive solutions that deliver control, security and real-time
payments and innovative Financial capabilities with reduced cost
for consumers, specially to the unbanked, underbanked and
underserved segments of today’s society. Our portfolio of
services will include a Prepaid VISA MoneyOne Card (www.visamoneyone.com) expected to enable customers to
make purchases in stores and online, withdraw cash at ATMs or
receive cash back when using it to make a purchase, recharge
prepaid mobile phone service and send money domestically or
internationally (+ 40 countries). The VISA MoneyOne Card is
expected to also facilitate the deposit of funds into bank
accounts, Remote Deposit Capture (RDC) by mobile phone, bill
payments, rewards, and digital gift cards. The VISA MoneyOne
is the new and freedom financial world wallet expected launch in
early Q2 2021.
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.qglobalsms.com ; www.swisslink-carrier.com ; www.smsdirectos.com ; www.iotlabs.mx ; www.iotsmartgas.com ; www.iotsmartev.com : www.itsBchain.com ; www.globalmoneyone.com ; www.visamoneyone.com
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