IQST Rallies on EV Solution Partnership - LOI With ALYI
November 04 2020 - 11:43AM
InvestorsHub NewsWire
November 4, 2020 -- InvestorsHub NewsWire --
via PennyStock101 --
iQSTEL
Inc.
(STOCK: IQST )
Current Price: $0.1031
Goldman Small Cap Research PT: $0.54
Float: 52.65M
iQSTEL , Inc. (USOTC: IQST ) an international telecommunication and
fintech service provider, and Alternet Systems, Inc. (USOTC:
ALYI), an electric vehicle ( EV )
innovator, today announced a letter of intent (LOI) agreement for
IQST’s Internet of Things ( IoT )
development team to combine efforts with ALYI’s EV engineering and design program to codevelop
two-way device communication solutions specific to
the EV operating environment.
The Bullish Case For IQST
Highly diversified tech company with several multi-billion dollar
market opportunities
The Fintech industry is growing at an almost exponential rate with
over $500B in annual remittances and over $1.5T in annual mobile
payments.
IQST’s business model is innovative and the Company is the beneficiary of
current trends. These include 5G deployment, and the introduction
of new iPhone. Plus, the global pandemic has prompted increases
in SMS usage along with B2C fintech expansion
Market analyst Goldman Small Cap Research slapped on a price target
of $0.54, a nearly 5x return from current levels.
See full PennyStock101 article.
Other stocks on the move include
DCAC and
GAXY.
SOURCE: PennyStock101
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