iQSTEL, Inc. Announces Etelix FY-2019 Revenue of $16,327,870 for Record Breaking Year
January 22 2020 - 7:20AM
InvestorsHub NewsWire
iQSTEL, Inc. Announces Etelix
FY-2019 Revenue of $16,327,870 for Record Breaking Year
NEW YORK, NY -- January 22,
2020 -- InvestorsHub NewsWire -- iQSTEL Inc. (OTC:
IQST) announces record breaking year for its wholly owned
subsidiary Etelix.
Mr. Iglesias, the
Company’s CEO, stated: “The growth of our main and wholly-owned
subsidiary Etelix continues to grow organically, well within the
Company’s estimates. For the FY-2019 the Company finished
with $16,327,870, an increase of 18.5% versus FY-2018. The
main drivers for this growth have been excellent operational
execution, as well as our continued quest for better pricing for
our clients. The Company is now finalizing the final quarter
revenue and operating profit for our recently acquired European
subsidiary, Swisslink, which once consolidated will increase the
Company’s consolidated revenue and operating profit
considerably. We expect to have final revenue numbers in the
coming March. Based on our excellent continued level
of execution, we expect revenue and operating profit for our
consolidated VoIP business to continue on a very robust growth rate
through 2020 and the coming years.”
About iQSTEL
Inc.:
iQSTEL (OTC:
IQST) www.iQSTEL.com is a technology company offering a wide array
of services to the Telecommunications Industry. These include
services to International Long-Distance Telecommunications
Operators (ILD Wholesale), Retail and Corporate markets (ILD
Retail), Submarine Fiber Optic Network capacity, Satellite
Communications services, Mobile Virtual Network Operator (MVNO)
services, Internet of Things (IoT) technology solutions, Data
Center facilities capacity leasing, and Blockchain solutions for
the Telecommunications industry.
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.
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 and www.etelix.com
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