NEW YORK, NY -- May 7, 2020 -- InvestorsHub NewsWire -- iQSTEL
Inc. (IQST)
is pleased to report strong first-quarter revenues of $4,980,151,
an increase of 20% over 2019’s first-quarter. These figures do not
include revenues from QGlobal SMS; they will be booked in the
second-quarter.
iQSTEL record setting growth continues for 2020. The completion
of the QGlobal SMS subsidiary formation and recent acquisition have
Q2 projections set to surpass $9 million in revenues. QGlobal SMS
revenue, on a yearly basis is estimated at $30 million.
The global mobile VoIP market is estimated to surpass $140
billion by 2024 according to a recent report by Grand View
Research, Inc. SMS marketing market size continues to grow as
another report by Grand View Research projects 20% CAGR through
2025 for the US alone as companies switch from traditional
marketing methods, reducing costs and increasing ROIs.
Mr. Iglesias commented: “Our team at iQSTEL and subsidiaries
bring record results again. While the COVID-19 near-global-closure
has affected many companies’ ability to operate, we continue to
surpass expectations. Our business has stayed very strong
through the COVID-19 pandemic as many businesses have expanded
their work-from-home strategy, thus boosting intra-company telco
services. Even though our main clients are carriers, the bulk
of the underlying business is corporate. We expect this trend
to continue in the coming months and even becoming part of the “new
normal” we’ll be seeing as the economy adapts going forward.”
“QGlobal’s business revenue diversification of 60% SMS and 40%
VoIP is proving to be a successful model with more than 98% of our
SMS revenue coming from pre-paid customers,” concluded Mr.
Iglesias, iQSTEL’s CEO.
About iQSTEL Inc.:
iQSTEL Inc. (IQST) www.iQSTEL.com
is a Publicly Listed Company in US. iQSTEL is a leading-edge
21st Century Enhanced Telecommunications Service
Provider offering a wide range of cloud-based enhanced
services to the Tier-1 and Tier-2 carriers, enterprise market, as
well as the retail market. iQSTEL through its
subsidiaries (www.etelix.com ; www.SwissLink-Carrier.com ; www.QglobalSMS.com ; www.itsBchain.com)
offers a “one-stop-shop” for international and domestic VoIP
services, SMS exchange for A2P and P2P, Internet of Things (IoT)
applications, 4G & 5G international infrastructure
connectivity, as well as blockchain-based payment and phone number
mobility platforms to international and domestic Tier-1 carrier for
VoIP, SMS, and Data.
About Etelix.com USA, LLC:
Etelix.com USA LLC www.etelix.com is 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
inception.
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 2018 and the rename into SwissLink, they operate on a
profitable level.
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
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 Europe, USA
and Latin America. 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 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.
iQSTEL
Inc.
IR US Phone:
646-740-0907, IR Email: investors@iqstel.com
Source: iQSTEL
Inc.
www.iqstel.com ; www.swisslink-carrier.com ; www.etelix.com ; www.qglobalsms.com ; www.itsBchain.com
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