New York, NY -- November 12, 2020 --
InvestorsHub NewsWire -- iQSTEL, Inc. (USOTC:
IQST) today announced Goldman Small Cap Research plans to issue
an update to its recent Analyst Research Report published October
27th with a $0.54 Target PPS following IQST publishing
its Q3 earnings report. After reporting record high revenues
for the previous two quarters and earlier this week reporting a
record high $5.1 million in revenue for the month of October
exceeding October of 2019 by 200%, management anticipates
publishing record results for Q3.
In addition to taking the anticipated
record financials into account, Goldman’s update will also include
a notable new business agreement executed since Goldman’s initial
report. On November 2nd, IQST announced
a letter of intent (LOI) agreement with Alternet
Systems, Inc. (USOTC:
ALYI), an electric vehicle (EV) innovator, 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.
IQST
subsidiary IoT Labs
MX specializes in
Internet of Things (IoT) design and development to include wireless
and vehicle telematics space that provide telematics solutions. IoT
Lab MX, among other products, has developed the IoT Smart Gas
Platform (www.iotsmartgas.com).
ALYI's first
generation EV is an electric motorcycle, designed for, among other
applications, utilization within the rideshare (exemplified by Uber
and Lyft services) sector
in Africa evolving the prevailing
robust motorcycle taxi (Boda)
market. ALYI's electric motorcycle design program, orchestrated
by MODUS, was
recently detailed in an online narrative
presentation.
IoT Labs MX
and MODUS plan to work jointly to develop two-way device
communication in the Revolt Electric Motorcycles with, among
others, the following
functions:
- Geolocation
- Battery
Management
- Theft and
Accident Interfacing with Emergency
Services
- Remote
Maintenance Management
- Vehicle Body
and Component Leasing
Management
- Driver and
Passenger Personal Mobile Device
Interface
- Rideshare
System Interface
To learn more
about Alternet Systems, Inc., visit www.alternetsystemsinc.com.
To learn more
about the Revolt Motorcycle, visit www.revoltmotorbikes.com.
To learn more
about MODUS, visit www.modusai.co.
About iQSTEL Inc
(Updated):
iQSTEL Inc
(OTC:
IQST) (www.iQSTEL.com) is a
US-based publicly-listed company offering leading-edge
Telecommunication and Technology Services for Global Markets, with
presence in 13 countries. The company provides services to
the Telecommunications, Financial Services, Liquid Fuel
Distribution and Electric Vehicle Industries. iQSTEL has 3 Business
Divisions: Telecom, Technology and Fintech, with worldwide B2B and
B2C customer relations operating through its subsidiaries: Etelix,
SwissLink, QGlobal SMS, SMSDirectos, IoT Labs, and itsBchain. The
Company has a extensive portfolio of products and services for its
clients: SMS, VoIP, 4G & 5G international infrastructure
connectivity, Cloud-PBX, OmniChannel Marketing, IoT Smart Gas
Platform, IoT Smart Electric Vehicle Platform, Mobile Number
Portability Application MNPA (Blockchain), Settlement &
Payments Marketplace (Blockchain), Visa Debit Card, Money
Remittance, Pay Mobile Phone Services among
others.
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 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.
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.iotsmartgas.com ; www.itsBchain.com
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