IQST - iQSTEL Technology Portfolio Builds On $1.2 Trillion Market
February 15 2022 - 11:54AM
InvestorsHub NewsWire
New York, NY
-- February 15, 2022 -- InvestorsHub NewsWire -- iQSTEL, Inc.
(OTCQX:
IQST) has built and rapidly expanded a business by being a
leader in providing technology enabled services to the global
migrant market with an estimated population of over 280
million.
iQSTEL expects
to report $64 million in revenue for 2021 generated primarily from
providing telecommunication services for the global migrant
market. The company has forecasted $90 million in annual
revenue for 2022 as it expands its services beyond
telecommunications to include financial services and electric
vehicle transportation among other vital services in short supply
to the global migrant
market.
iQSTEL is in
the process of uplisting to Nasdaq. The company has achieved
the required shareholder equity necessary to list on Nasdaq in
addition to securing a strategic investment to fund the company’s
growth objectives over the next three
years.
In reaction to
the company’s upcoming audited financial report and continued
progress toward its intended Nasdaq uplisting, management is
optimistic the iQSTEL price-per-share will organically increase to
reach the Nasdaq minimum listing
price.
In conjunction
with the company’s growth and uplisting objectives, iQSTEL CEO
Leandro Iglesias publishes regular updates narrating the company’s
progress. He plans to release his next update in a letter to
shareholders this Thursday, February 17th. In the
next update he intends to feature iQSTEL’s business expansion
potential by highlighting the market potential for iQSTEL’s
technology enable services. Migrant remittances, a market
iQSTEL includes in its technology enable service expansion, is
currently estimated at over $700
billion annually and expected to exceed $1.2 trillion annually by
2030.
iQSTEL Inc.
(OTCQX:
IQST) (www.iQSTEL.com) is a
US-based publicly-listed company holding an Independent Board of
Directors and Independent Audit Committee offering leading-edge
services through its two business divisions and each of them with
independent brands. The B2B division, Brand IQSTelecom offering
Telecommunications, Internet of Things, Technology and Blockchain
platforms services, the target market for the B2B division is
Global Markets. The B2C division, Brand EVOSS offering EV Electric
Motorcycles, Fintech Ecosystem, the target market for this business
division is Latin America, and the Spanish speakers in the USA. The
company has presence in 15 countries, and its products and services
are used in several industries as Telecommunications, Electric
Vehicle (EV), Financial Services, Chemical and Liquid Fuel
Distribution Industries. IQSTEL announced on February 17th 2021
that it became a Debt Free Company and is now completely debt free
with no Convertible Notes, Warrants, Promissory Notes or Settlement
Agreements from its Balance
Sheet.
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.
This press
release does not constitute a public offer of any securities for
sale.
Any securities
offered privately will not be or have not been registered under the
Act and may not be offered or sold in the United States absent
registration or an applicable exemption from registration
requirements.
iQSTEL
Inc.
IR US Phone: 646-740-0907, IR Email:
investors@iqstel.com
Source: iQSTEL Inc. and its
subsidiaries: www.iqstel.com
iQSTEL (QX) (USOTC:IQST)
Historical Stock Chart
From Aug 2024 to Sep 2024
iQSTEL (QX) (USOTC:IQST)
Historical Stock Chart
From Sep 2023 to Sep 2024