QGlobal SMS, Record Growth, Blue
Skies; the Run on Iqstel Inc (OTCMKTS: IQST)
December 31, 2020 -- InvestorsHub NewsWire -- via
BY AMY MURPHY - MEDIA &
TECHNOLOGY, MICRO CAP
INSIDER, SMALL
CAPS --
Iqstel Inc (OTCMKTS:
IQST) is making a powerful run up the charts in recent days
eclipsing last week’s highs and entering blue sky breakout mode.
The stock has already proven it has legs running to $0.517 in March
of this year. The current run up is marked by heavy accumulation
and buy side volume.
Microcapdaily has reported on Iqstel several times before
impressed by the Company’s solid growth and fast growing revenues
which have topped $5 million plus for the past two months putting
the company well on track to exceed its $42 million revenue
projection for 2020. Management has also been working hard behind
the scenes paying off debt and cancelling shares; earlier this
month management converted 21 million common shares held among the
CEO, CFO and chief commercial officer into Series B preferred
shares reducing the outstanding share count by more than 22%.
Goldman Small Cap Research recently published a $0.54 Target PPS
Recommendation on IQST.
Iqstel Inc (OTCMKTS:
IQST) is a US-based publicly-listed company offering
leading-edge Telecommunication, Technology and Fintech Services for
Global Markets proving 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. IQST
derives the majority of its revenues from its SMS business; QGlobal
SMS offers SMS Applications to Person (A2P) and Person to Person
(P2P), domestic and international SMS, focus in US-Mex, Latam and
EMEA. Offering OmniChannel Marketing for Government, Corporate,
Small & Medium Companies, and End-User. SMSDirectos is a
Colombian OmniChannel Marketing Service Provider for government,
enterprises, small and medium business, as well as end-users. IQST
operates in 7 Countries and has 7 operating subsidiaries.
IQST has been paying off debt and cancelling shares; earlier
this month the Company converted 21 million common shares held
among the CEO, CFO and chief commercial officer into Series B
preferred shares over next days, effectively reducing the
outstanding share count by more than 22%. Shareholders not only
benefit from the debt reduction but this premium to market shows
serious confidence in the ability of iQSTEL management to continue
executing on their business plan. Any remaining share reserves will
be canceled with the transfer agent. Complete details are available
in the 8-K.
Last month IQST confirmed the new Visa Prepaid Debit Card
Service (PDCS) the company announced yesterday is expected to
generate estimated revenue over five years of $45 million to $128
million with an approximate EBITDA margin of 30% to 40%. This comes
after the Company rached an agreement with Payment Virtual Mobile
Solutions, LLC (PayVMS) to build a PDCS. The new PDCS will be
constructed under a new corporation named Global Money One, Inc.
iQSTEL will own 75% of Global Money One, Inc. with PayVMS owning
the other 25%.
PDCS is 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
(domestic and international), and send money domestically or
internationally. PDCS is expected to also facilitate the deposit of
funds into bank accounts, rewards and digital gift cards. In
addition, PDCS customers are expected to be able to execute bill
payments and remote deposit capture (RDC) by mobile phone.
IQST is putting out big numbers; On December 14 IQST reported
November was the 2nd month in a row the Company achieved $5 million
plus monthly revenue. November 2020 revenue was 277% higher than
the $1.8 million in revenue reported last year, in November of
2019. The iQSTEL Telco Division with the SMS product is a major
contributor to IQST’s ongoing overall revenue growth with now four
consecutive month over month increases. Year to date revenue is now
$39,725,507 putting the company well on track to exceed its $42
million revenue projection for 2020. IQST derives approximately 60%
of its revenues from its SMS business, over 35% from its VoIP
services and the remainder from its other products and services.
More than 55% of its revenue stream is prepaid revenue, giving the
Company a leg up for continued healthy business growth.
On December 22 IQST announced a services agreement between
IQST’s fintech subsidiary, Global Money One, Inc. and TransferTo,
Inc. an intelligent mobile technology infrastructure and services
provider. Both IQST and DT One concentrate on serving the growing
global international migrant market reported currently at a
population of over 270 million. This population comes with a unique
set of mobile technology consumer requirements including special
international voice and data solutions, as well as certain
international financial transaction complexities.
Global Money One Inc 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.
IQST is making a powerful run up the charts in recent
days eclipsing last week’s highs and entering blue
sky breakout mode. The stock has already proven it has legs running
to $0.517 in March of this year. The current run up is marked by
heavy accumulation and buy side volume. Microcapdaily has reported
on Iqstel several times before impressed by the Company’s solid
growth and fast growing revenues which have topped $5 million plus
for the past two months putting the company well on track to exceed
its $42 million revenue projection for 2020. IQST derives
approximately 60% of its revenues from its SMS business, over 35%
from its VoIP services and the remainder from its other products
and services. More than 55% of its revenue stream is prepaid
revenue, giving the Company a leg up for continued healthy business
growth. Management has also been working hard behind the scenes
paying off debt and cancelling shares; earlier this month
management converted 21 million common shares held among the CEO,
CFO and chief commercial officer into Series B preferred shares
reducing the outstanding share count by more than 22%. Goldman
Small Cap Research recently published a $0.54 Target PPS
Recommendation on IQST. We will be updating on IQST
when more details emerge so make sure you are subscribed to
Microcapdaily so you know what’s going on with IQST.
Source - https://microcapdaily.com/qglobal-sms-record-growth-blue-skies-the-run-on-iqstel-inc-otcmkts-iqst/129764/
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AITX,
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HYSR
SOURCE: via BY AMY MURPHY