- IQSTEL provides high-growth Cloud-Based services related to 5G,
Blockchain and Internet of Things and is now adding
ultra-high-growth Fintech to serve huge underserved global
- 2019 sales were profitable and sales have been growing close to
50% every reporting period for the past 3 years
- Entry into Fintech could explode growth even further in
near-term and long-term
- With IQST shares being highly underfollowed and undervalued,
projections point to share price closer to $1.00 and higher
October 22, 2020 -- InvestorsHub NewsWire -- via Seeking Alpha
-- iQSTEL, Inc. (USOTC:
IQST) announced the market
segment focus of the company's recently launched Fintech Division
is the global migrant population.
The United Nations reports
that the annual global migrant population growth exceeds the number
of new births globally, with the largest number of the world's
migrants residing within the United States.
The number of international migrants reached 272 million
globally in 2019.
Migrants have specific financial management criteria that often
cannot be met by the ordinary and readily available Fintech
products such as PayPal and Venmo. Opening a bank account in a new
country and often being paid in cash for work are just some of the
challenges faced by migrant works.
Building on top of the company's $16 million in revenue from
telecommunication services reported in the company's audited 2019
annual financial report and the $16 million in revenue reported
through June 2020, IQST has now launched a Fintech Division to
provide financials service alternatives to the common PayPal and
Venmo type applications not readily available to the world's
growing 272 million population.
Below are of some of the targeted Fintech products and services
designed specifically for the global immigrant population:
- Send money domestically and internationally with low fees.
- Send money via SMS using a customized SMS service (smartphone
- Pay utility bills with minimal payment fees (mobile,
electricity, gas services).
- VISA debit card solution.
According to Global X and Mauro F. Romaldini (TopTal), the
Fintech industry is growing at an almost exponential rate with over
$500B in annual remittances and over $1.5T in annual mobile
Look for more news coming soon on IQST's Fintech Division.
About iQSTEL Inc.:
iQSTEL Inc (OTC:
IQST) www.iQSTEL.com is a US-based publicly
listed company offering leading-edge 21st Century Enhanced
Telecommunications Services with a focus on a wide range of
cloud-based enhanced services to the Tier-1 and Tier-2 carriers,
corporate, enterprise, as well as the retail market. iQSTEL through
its subsidiaries Etelix, SwissLink, QGlobal SMS, SMSDirectos, IoT
Labs, IoT Smart Gas Platform, itsBchain offers a
"one-stop-shopping" for international and domestic VoIP services,
IP-PBX services, SMS exchange for A2P and P2P, OmniChannel
Marketing, Internet of Things (IoT) applications (IoT Smart Gas
Platform), 4G & 5G international infrastructure connectivity,
as well as blockchain-based platforms: Mobile Number Portability
Application (OTC:MNPA) and Settlement &
Payments Marketplace for VoIP, SMS and Data.
About Etelix.com USA, LLC:
Etelix.com USA LLC www.etelix.com is a wholly owned subsidiary of
iQSTEL Inc. Etelix.com USA, LLC is a Miami,
Florida-based international telecom carrier founded in 2008 that
provides telecom and technology solutions worldwide, with
commercial presence in North America, Latin America, and Europe.
Enabled by its 214-license granted by the Federal Communications
Commission (FCC), Etelix provides International Long-Distance voice
services for Telecommunications Operators (ILD Wholesale), and
Submarine Fiber Optic Network capacity for internet (4G and 5G).
Etelix was founded in 2008 and has been profitable since
About SwissLink Carrier AG:
SwissLink Carrier AG www.swisslink-carrier.com is a 51% owned
subsidiary of iQSTEL Inc. SwissLink Carrier AG is a Switzerland
based international Telecommunications Carrier founded in 2015
providing international VoIP connectivity worldwide, with
commercial presence in Europe, CIS and Latin America. SwissLink
Carrier AG is a Swiss licensed Operator, having a domestic
Interconnect with Swisscom, allowing their international Carrier
Customers direct terminations via SwissLink into all Switzerland
Fix & Mobile Networks. Since the takeover from Swissphone in
November 2018and the rename into SwissLink, they operate on a
About QGlobal SMS LLC.:
QGlobal SMS LLC www.qglobalsms.com is a 51%
owned subsidiary of iQSTEL Inc. QGlobal SMS is a USA based company
and a commercial brand founded in 2020 specialized in international
and domestic SMS termination, with emphasis on the Applications to
Person (A2P) and Person to Person (P2P) for Wholesale Carrier
Market and Corporate Market in US. QGlobal SMS has commercial
presence in US, Mexico, Latin America, EMEA (Europe, Middle East,
Asia) and Africa, through our SMS service providers based in
Austin, TX and Miami, FL Our Austin-based SMS service provider is
specialized in the SMS traffic exchange between US and Mexico, and
our Miami-based SMS service provider is focused in the development
of Latin America and the rest of the world. QGlobal SMS has robust
international interconnection with Tier1 SMS Aggregators,
guarantying its customers high quality and low termination rates,
over more than 100 countries worldwide.
About Alcyon Cloud SMS S.A.S (Commercial Brand SMSDirectos.com ):
Alcyon Cloud SMS S.A.S. (Commercial Brand SMSDirectos.com), is a whole subsidiary of QGlobal
SMS, a Colombian-based Application and Content Provider. Alcyon
Cloud SMS (SMSDirectos.com) is registered with the
Secretary of Information and Communication Technology (ICT) in
Colombia, offering services to government, enterprises, small and
medium business, as well as end-users. Using SMSDirectos' existing
network, they plan to expand services from SMS to offer omnichannel
products and services such as: SMS, Emails, RCS (Rich
Communications Services), Social Media Channels (Whats App,
Messenger, etc), WebRTC (Web Real-Time Communication), VoIP
(IP-PBX, SIP Trunking) ChatBots (Artificial Intelligence Based),
SMS to Email, and Email to SMS.
About IoT Labs MX SAPI:
IoT Labs MX SAPI www.iotlabs.mx , a
subsidiary of iQSTEL Inc, is an Internet of Things (IoT) Mexican
technology development company, creator of the "IoT Smart Gas"
Platform and Application. The IoT Smart Gas platform www.iotsmartgas.com consists of an IoT field
device installed on the LP gas tank (adaptable to virtually any gas
or liquid storage tank) and, thanks to the Internet of Things (IoT)
technology via Sigfox or GSM network connectivity, allows remote
managed and improved logistic processes of refilling, usage
tracking and tank monitoring in real-time by the Smart Gas mobile
app. The new GSM tracking feature allows for mobile use including
ground, air, and sea tank monitoring.
About itsBchain LLC.:
itsBchain LLC www.itsBchain.com is a 75%
owned subsidiary of iQSTEL Inc. itsBchain is a blockchain
technology developer and solution provider, with a strong focus on
the telecom sector. The company is the final stage of development
of a series of blockchain solutions aimed at using the blockchain
ledger and smart contract solutions to enable more efficiency,
quickness in execution and fraud-prevention in the telco industry.
Specifically, the company is developing a solution that will enable
users and carriers to transfer mobile phone numbers with just a few
clicks, allowing users and carriers the ability to transfer retail
users from one mobile carrier to another instantly. Additionally,
the company is finalizing a carrier-grade marketplace solution to
procure payments between carriers for cross-traffic of VoIP, SMS
and data realtime as traffic is crossed between carriers. This
marketplace will allow for instant payment settlement as well as
the prevention of fraud between carriers.
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.
IQST has consistently delivered exceptionally high growth close
to 50% year over year and quarter over quarter and is now
positioning to blow the doors off this outstanding performance with
the entry into Fintech serving a huge underserved
multi-billion-dollar market. With a paltry 78.2 million shares
outstanding and 2019 revenues of about $18 million that were
profitable, BioResearchAlert finds IQST shares exceptionally
undervalued and poised to appreciate several multiples of the
current price of $.06 per share. Price targets are always difficult
to establish, but industry comps for Fintech, Telecom, Blockchain,
Crypto Currencies suggest that IQST share price would be more
fairly priced at over $1.00 per share.
Disclosure: I/we have no positions in any
stocks mentioned, and no plans to initiate any positions within the
next 72 hours.
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SOURCE: Seeking Alpha