IQST - iQSTEL Realizes $4.8 Million Revenue For January On Track To $60.5 Million 2021 Forecast
March 04 2021 - 9:23AM
InvestorsHub NewsWire
New York, NY -- March 4, 2021 --
InvestorsHub NewsWire -- iQSTEL, Inc. (USOTC:
IQST), an international provider of Telecom, Technology,
Fintech and Blockchain solutions, today announced revenues of $4.8
million for January 2021 compared to $1.85 million in January 2020.
January 2021 revenue is 258% higher than January
2020.
The iQSTEL revenue forecast for 2021 is
$60.5 million. Management anticipates improving profit
margins in 2021 in addition to growing revenues as iQSTEL
consolidates its Telecom subsidiaries under a single brand name to
improve marketing momentum and operating efficiencies.
iQSTEL’s revenue forecast for its Telecom Division is $55.1
million.
The additional $5.4 million of iQSTEL’s
$60.5 million revenue forecast is anticipated from the company’s
other growing, high margin business units including its Technology
Division (IoT and
Batteries for EV), Fintech Division (Visa Debit
Card), Blockchain
Division (MNPA).
About iQSTEL
Inc.:
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, Electric Vehicle (EV), Liquid Fuel
Distribution, Chemical and Financial Services Industries. iQSTEL
has 4 Business Divisions: Telecom, Technology, Fintech and
Blockchain, with worldwide B2B and B2C customer relations operating
through its subsidiaries: Etelix, SwissLink, QGlobal SMS,
SMSDirectos, IoT Labs, Global Money One and itsBchain. 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 Electric
Vehicle Platform, iQ Batteries for Electric Vehicles, IoT Smart Gas
Platform, IoT Smart Tank Platform, Visa Debit Card, Money
Remittance, Mobile Number Portability Application MNPA (Blockchain
Platform) and Settlement & Payments Marketplace (Blockchain
Platform).
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
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