August 17, 2021 -- InvestorsHub NewsWire -- via ABNewswire
-- iQSTEL, Inc. (OTCQB: IQST) has
generated significant investor attention with its numerous
revenue-generating developments throughout 2021. And an
announcement from last deserves more attention than it is getting.
Indeed, it’s a value driver in the back half of this year.
On August 6th, IQST announced that it will begin installing 2500
units of its proprietary IoTSmartTank devices for a Fortune 500
chemical company by the end of this month. The announcement is a
significant development for the company as the 2500-unit
installation and subsequent monitoring and maintenance will bring
its Technology Division to the cusp of profitability. IQST has
guided that, at the very least, the deal gets them to breakeven
status financially. That is a milestone reached.
The better news is that its current IoTSmartTank engagement with
the Fortune 500 Chemical Company includes only one of that client’s
facilities, leaving potentially substantial opportunities to
develop the agreement further. The deal has been in the works for
quite some time, and now that it’s done, IQST believes the program
will add to the momentum earned from its field test earlier this
year. The first batch of devices is already prepared for
installation, with its software platform fully customized for the
respective client.
The 2500-unit deal is a substantial achievement for the company,
adding a significant revenue stream expected to grow higher as its
client relationship matures. The project also highlights IQST’s
diversified capabilities and ability to provide best-in-class
solutions to various industries. Best of all, this deal represents
only the beginning of IQST’s expansion plan for the coming
quarters.
For investors, that translates to potentially multiple near-term
catalysts in the back half of this year.
Expanding Its International Presence
The update follows a year of hard work and deal-making by IQST.
And, while its stock may be hovering near its Reg A price of $0.50,
as that deal closes, expect IQST to be far from a sub-dollar
company. That premise is based on soaring revenues, its diversified
operational structure that is hitting its stride, and its ability
to close niche style deals. That part was evident throughout this
year.
Earlier in August, IQST showed off its financial services
prowess by advancing its Global Money One ecosystem. In that deal,
IQST detailed its ongoing negotiations with Ago Bank Corporation to
establish a partnership allowing Ago to provide more comprehensive
financial services to its customers by connecting to iQSTEL’s
Global Money One MAXMO/VIMO Ecosystem.
According to IQST, the deal could bring in millions of dollars
in annual revenues, on top of what is already expected to be a
record-breaking year targeting $60 million in sales.
This potential partnership also elevates IQST subsidiary Global
Money One Inc’s recently developed MAXMO/VIMO Fintech Ecosystem to
a new level. The MAXMO Ecosystem is live, and the VIMO Ecosystem
will be up and running soon. And, IQST believes that both products
could begin generating substantial revenues as soon as this
year.
MAXMO Ecosystem Spreading In Latin America
The deal benefits both parties significantly. IQST’s MAXMO
Ecosystem provides clients with a Mastercard Debit Card, a US Bank
Account, a mobile App/Wallet, cryptocurrency exchange services,
remittances, and mobile top-up. The planned agreement with AGO
would leverage its network of 10,000 agents in
Latin America and reach Venezuela, where entry barriers are
high.
Additionally, IQST believes that collaboration between AGO and
iQSTEL presents a win-win proposition. AGO clients would gain
access to a broader range of financial services, while iQSTEL would
be able to quickly expand its Global Money One MAXMO/VIMO Fintech
Ecosystem by leveraging the strength of more than 10,000 AGO
agents.
The upcoming deal would also bolster IQST’s plan to grow its new
EVoss division (Electric Vehicle Division) by capitalizing on the
AGO relationship to market an EVoss electric motorcycle packaged
with AGO purchase financing within the Latin American regions.
Although the negotiations are still underway, it’s worth noting
that IQST’s history demonstrates that they typically accomplish
what they set out to do. As a result, any future updates are likely
to be positive.
Driving Innovation In EV, Fintech, And
Telecommunications Sectors
Alongside this potentially lucrative partnership, IQST is also
developing a comprehensive EV battery ecosystem by providing
solutions including Battery Chargers, Battery Management Software,
and an integrated Internet of Things. Their EV division, which
includes partnerships with Alternet Systems (OTCMKTS: ALYI), could
become a revenue-generating juggernaut and help diversify its
portfolio and capitalize on new business opportunities across
Africa and Latin America.
IQST’s EV division is only part of a much larger international
story. The US-based telecommunications and fintech company is
already providing services to clients across the globe, most of
which offer significant advantages over existing solutions in
telecommunications, electric vehicles (EV), liquid fuel
distribution, chemicals, and financial services. IQST currently
operates in over 13 countries, with plans to expand that reach
substantially over the next twelve months.
Part of its expansion plan involves its recently launched Mobile
Number Portability Application (MNPA) Blockchain Platform,
itsBchain, which could become a significant revenue driver as soon
as this year. The itsBchain MNPA streamlines switching mobile
network carriers while retaining the same phone number, a procedure
that often requires the involvement of a third party and
significant waiting periods. The ability to give users and network
providers additional authority are at the heart of this
approach.
Specifically, it allows all parties to avoid common logistical
hurdles by empowering users to switch networks while keeping their
same phone number in just three taps on a smartphone.
The platform creates a substantial opportunity for IQST. The
MNPA platform as a service (PaaS) targets a market estimated at
$530 million annually. IQST believes that this service alone could
generate upwards of $25 million per year during the next three
years. The more excellent news for IQST and its shareholders is
that this initiative is already well underway.
In addition to this program, IQST’s Visa Debit Card services
under the brand name Visa Money One (VIMO) is another major
revenue-generating asset for the company. IQST brands VIMO as more
than just a debit card – offering a comprehensive banking platform
that includes essential financial services such as the ability to
open a US Bank Account, make a Mobile Wallet payment, and more. One
of the most exciting aspects of the Visa Money One platform is that
it will allow users to buy and sell cryptocurrencies, capitalizing
on the burgeoning public interest in the cryptocurrency market.
Even better, by making it simple to purchase and sell
cryptocurrencies on the VIMO platform, IQST is well-positioned to
soon join the ranks of other applications that have generated
billions by providing more accessible investment
processes.
Furthermore, with the platform quickly expanding its reach, IQST
estimates that the product and service could bring in over $128
million in revenues throughout the next five years. When these
earnings are combined with the company’s other initiatives, such as
the itsBchain MNPA platform, the second half of the year could add
more to the already record-setting revenues expected this
year.
A Busy year, A Busy IQST
Indeed, with the assets and business divisions running in high
gear, the second half of 2021 is setting up to be a breakout year.
Already in six months, IQST delivered unprecedented growth IQST.
And while its stock may still be under a $0.50 Reg A financing,
that deal will soon close. Then, when that ceiling is removed, a
more appropriate valuation will be warranted.
In fact, with its MNPA platform, the imminent launch of Visa
Money One, and the new possibilities offered by its EV
collaborations with ALYI, IQST is better positioned than ever to
expedite its already impressive growth throughout the rest of the
year and well into 2022. Its expected partnership with Bank Ago
adds more firepower to the proposition.
Hence, for longer-term investors, these levels are certainly an
attractive level for investment consideration. And even for
short-term investors, these levels offer an aggressive price below
the Reg A price offering.. When that offering closes, and it will,
expect longs to take the momentum. And that turn of events may come
sooner than many think.
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Source - https://www.benzinga.com/pressreleases/21/08/ab22462769/iqstel-business-is-surging-commences-installation-rollout-of-2500-iot-units-for-fortune-500-chemi
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