IQST - iQSTEL Connectivity And Mobility Services Are More Valuable Than Ever
March 03 2022 - 2:05PM
InvestorsHub NewsWire
New York, NY
-- March 3, 2022 -- InvestorsHub NewsWire -- iQSTEL, Inc. (OTCQX:
IQST) today released a special letter to shareholders
addressing prevailing world events in conjunction with the
company’s unhampered Nasdaq uplisting objective. The
shareholder updates from CEO Leandro Iglesias are included in their
entirety below.
Dear
Shareholders:
While the
conflict in Ukraine is dominating headlines, iQSTEL remains on
track to achieving its 2022 revenue and Nasdaq uplisting goals and
we remain optimistic about the future. Let me share with you
the cause for my optimism.
iQSTEL is in the business of providing connectivity
and mobility. Connectivity and mobility are essential to the
foundation of individual freedom. In light of world events,
iQSTEL’s business is more valuable than ever.
The global immigrant population is underserved by traditional
telecommunications carriers. Today’s immigrants, more than
ever, need to be in touch with families and loved ones.
Again, iQSTEL’s voice and SMS services, built with the immigrant
population in mind, are more valuable than ever.
Likewise, international remittances are more critical than ever for
the immigrant population, as is the ability to top-up mobile
service balances. Accordingly, iQSTEL’s new Global Money One
MAXMO fintech ecosystem is an even more timely product.
As world events drive up petroleum costs, the importance of
affordable electric transportation is highlighted and iQSTEL’s
EVOSS EV Motorcycle rollout out could not be better timed.
Ultimately, the value iQSTEL’s connectivity and mobility services
are more clear than ever in light of world
events.
Recently, I’ve
had the opportunity to participate in the Mobile World Congress in
Barcelona and check in on the latest technological trends for the
near and long-term future. In reaction to my participation,
I’m ever more confident in iQSTEL’s position in the global
market.
SMS
communications remain a vital component of the global
communications market and are expected to remain a vital component
for some time to come. Trends for SMS communications call for
an increase in “value and intelligence” to be integrated into the
service. With more than 50% of iQSTEL’s revenue coming from
SMS services, I am confident we are on the right path.
Voice services remain important for critical communications and
emotional connection. With more than 20 years of experience
in voice communications, iQSTEL is well established to maintain a
steady foothold in the voice market.
Fintech solutions are capturing more and more market share in the
global financial services market. iQSTEL’s MAXMO offering is
an amazing product that I am confident will stand apart from other
Fintech solutions. We are accelerating our global launch.
EV connectivity was also featured at the Mobile World
Congress. As a telecommunications company entering the EV
market, I assure you, our EV connectivity is among the best of the
best. Our first connected EVOSS EV motorcycles are arriving
in Miami today where we will be producing videos featuring our
connected EV solution to support the expansion of our distribution
network.
Lastly, let me present updates on three key business development
fronts:
1) M&A
Campaign: We are currently drafting two separate acquisition
agreements. Final terms on both have been agreed to and we
anticipate closing both acquisitions soon. We expect the
revenue from both acquisitions to augment our organic 2022 Q2
revenues.
2) Nasdaq
Uplisting: The next step in our uplisting path is to complete the
2021 audited financial report. In addition to technically
supporting our Nasdaq application, I anticipate the publication of
our 10k annual report to validate iQSTEL’s, as of yet, unrecognized
value. In so doing, I remain optimistic that iQSTEL’s share price
will organically rise to meet the Nasdaq listing requirement and
support our uplisting within the first half of
2022.
3) $1 Billion
Objective: On behalf of all iQSTEL Management and all members of
the Independent Board of Directors, I know our Nasdaq uplisiting is
an important milestone. However, I want to keep this milestone in
perspective as one small part of iQSTEL’s overall objective of
reaching and surpassing a $1 Billion valuation.
Thanks for your support. Please know that management and the
Independent Board of
Directors remain committed to working every single day to achieve
our business and
corporate objectives.
Sincerely,
Leandro Iglesias
CEO
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
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