IQST - iQSTEL Launches Institutional Investor Road Show Presenting Nasdaq Uplisting Plans at Emerging Growth Conference on July 17, 2024

Rhea-AI Summary

iQSTEL (OTC-QX: IQST), a US-based telecom and tech firm, is set to present at the Emerging Growth Conference on July 17-18, 2024. The presentation will occur online on July 17th from 9:40 to 10:10 AM EST. Key topics include a projected $290 million revenue for FY-2024, a 50% revenue growth in 2023, M&A strategies, and details on their Nasdaq uplisting plans. Recent acquisitions like QXTEL are expected to contribute positively. Other projects in focus are AI-enhanced metaverse, IoT smart gas, fintech, and electric vehicles.

Positive

• Projected $290 million revenue for FY-2024.
• $7.5 million in gross profit for FY-2024.
• 50% revenue growth in 2023, reaching $140 million.
• QXTEL acquisition expected to generate $700,000 in daily revenue.
• Positive operating income reaching seven digits.

Negative

• None.

NEW YORK, June 26, 2024 /PRNewswire/ -- iQSTEL Inc. (OTC-QX: IQST) (www.iQSTEL.com), a US-based, multinational, fully reporting and audited publicly listed telecommunications and technology company preparing for a Nasdaq up-listing, today announced the company will present at the Emerging Growth Conference scheduled for July 17-18, 2024. The conference is held online, and iQSTEL will present on Wednesday, July 17th, at 9:40 to 10:10 AM Eastern Standard Time.

Company Name: iQSTEL Inc. (Ticker IQST)
Event: Emerging Growth Conference
Date: Wednesday, July 17, 2024
Time: 9:40 AM – 10:10 AM (30 min) Eastern Standard Time
Location: Online
Registration for the Conference: Click Here
Submit questions in advance to: Questions@EmergingGrowth.com
Contact iQSTEL: investors@iqstel.com
Learn more about IQSTEL: View a video titled "Leading the Future of Telecommunications and Technology" released by the company.

Key Topics to be Covered in the Conference:

Revenue Growth and Financial Performance:

• iQSTEL recently announced skyrocketing revenue in its Telecom Division with a $290 million FY-2024 revenue forecast that includes $7.5 million in gross profit and a positive operating income of seven digits.
• Detailed insights into the company's 50% revenue growth in 2023, achieving $140 million.
• Organic Growth Performance for 2024 vs 2023.
• Telecom Corporation Powerhouse Implementation Plan.

M&A Strategic Acquisitions:

• Impact of the recent QXTEL acquisition, expected to generate an additional $700,000 in daily revenue and enhance iQSTEL's presence in key global markets.
• Lynk acquisition status.
• Additional M&A plans for 2024.

Technology Projects Status:

• AI-Enhanced Metaverse.
• IoT Smart Gas (Internet of Things).
• Fintech.
• Electric Vehicles (EV).

Nasdaq Uplist Plans:

• Detailed roadmap and strategic steps towards uplisting to Nasdaq, highlighting the fulfillment of corporate governance requirements and the company's robust financial health that supports this goal.

If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available on EmergingGrowth.com and on the Emerging Growth YouTube Channel, A link to the archived webcast will be released after the event.

About the Emerging Growth Conference:

The Emerging Growth Conference is an effective way for public companies to present and communicate their new products, services, and other major announcements to the investment community from the convenience of their office, in a time-efficient manner. The conference focuses on companies in a wide range of growth sectors with strong management teams, innovative products and services, focused strategy, execution, and the overall potential for long-term growth. Its audience includes potentially tens of thousands of individual and institutional investors, as well as investment advisors and analysts. All sessions will be conducted through video webcasts and will take place in the Eastern time zone.

About IQSTEL (updated):

iQSTEL Inc. (OTC-QX: IQST) (www.iQSTEL.com) is a US-based, multinational publicly listed company preparing for a Nasdaq up-listing with an FY2023 $144 million revenue, and with a $290 Million Dollar Revenue forecast and a Positive Operating Income of 7 digits forecast for FY-2024. iQSTEL's mission is to serve basic human needs in today's modern world by making the necessary tools accessible regardless of race, ethnicity, religion, socioeconomic status, or identity.  iQSTEL recognizes that in today's modern world, the pursuit of the human hierarchy of needs (physiological, safety, relationship, esteem and self-actualization) is marginalized without access to ubiquitous communications, the freedom of virtual banking, clean affordable mobility and information and content. iQSTEL has 4 Business Divisions delivering accessibly to the necessary tools in today's pursuit of basic human needs: Telecommunications, Fintech, Electric Vehicles and Metaverse.

• The Enhanced Telecommunications Services Division (Communications) includes VoIP, SMS, International Fiber-Optic, Proprietary Internet of Things (IoT), and a Proprietary Mobile Portability Blockchain Platform.
• The Fintech Division (Financial Freedom) includes remittances services, top up services, Master Card Debit Card, a US Bank Account (No SSN required), and a Mobile App.
• The Electric Vehicles (EV) Division (Mobility) offers Electric Motorcycles and plans to launch a Mid Speed Car.
• The Artificial Intelligence (AI)-Enhanced Metaverse Division (information and content) includes an enriched and immersive white label proprietary AI-Enhanced Metaverse platform to access products, services, content, entertainment, information, customer support, and more in a virtual 3D interface.

The company continues to grow and expand its suite of products and services both organically and through mergers and acquisitions.  iQSTEL has completed 12 acquisitions since June 2018 and continues to develop an active pipeline of potential future acquisitions.

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 information 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 partly 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. This press release does not constitute a public offer of any securities for sale. Any securities offered privately will not be or have not been registered under the Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Company Website
www.iqstel.com

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SOURCE iQSTEL

FAQ

When is iQSTEL presenting at the Emerging Growth Conference?

iQSTEL will present on July 17, 2024, from 9:40 to 10:10 AM EST.

What is iQSTEL's revenue projection for FY-2024?

iQSTEL projects $290 million in revenue for FY-2024.

What was iQSTEL's revenue growth in 2023?

iQSTEL experienced a 50% revenue growth in 2023, reaching $140 million.

How much revenue is expected from the QXTEL acquisition?

The QXTEL acquisition is expected to generate an additional $700,000 in daily revenue.

What are iQSTEL's plans for Nasdaq uplisting?

iQSTEL will outline its Nasdaq uplisting plans, including the fulfillment of corporate governance requirements and showcasing robust financial health.

What time zone is the Emerging Growth Conference conducted in?

The Emerging Growth Conference sessions are conducted in the Eastern time zone.