NEW YORK, NY -- May 18, 2020 -- InvestorsHub NewsWire -- iQSTEL
Inc. (OTC:
IQST) would like to update shareholders as to the status of the
April 2nd announced share return.
Originally planned to be completed within 1-2 weeks pending
medallion signature guarantees by all shareholders, the spread of
COVID-19 and global shutdown have temporarily suspended the
transaction.
Mr. Iglesias commented: “We are seeing various countries and
states slowly opening back up and anticipate a 1-2 month period
before the transfer agent receives the shares. These shares are
restricted and therefore have no effect on the IQST float. While
people and the global economy has suffered immensely due to
COVID-19, we continue developing our business plan and look forward
to updating shareholders on current and new exciting
developments.”
As of May 1st, 2020 the outstanding share count is 53,742,571
per the transfer agent.
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 (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
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 the US. QGlobal SMS has commercial presence in Europe,
the USA, and Latin America. QGlobal SMS has robust international
interconnection with Tier1 SMS Aggregators, guaranteeing 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. and its subsidiaries:
www.iqstel.com; www.etelix.com; www.swisslink-carrier.com; www.qglobalsms.com; www.smsdirectos.com; www.iotlabs.mx; www.smartgas.lat; www.itsBchain.com
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