IQST - iQSTEL Reveals Target Acquisition with $200M to $300M in Annual Sales; More Details to Follow at Emerging Growth Conference on August 21st, 2024

Rhea-AI Summary

iQSTEL Inc. (OTC-QX: IQST), a US-based multinational telecommunications and technology company, has announced its participation in the Emerging Growth Conference on August 21, 2024. The company will present its ambitious plan to reach $1 billion in sales by FY-2027. Key highlights include:

1. A targeted strategic acquisition expected to add $200 million to $300 million in annual sales.
2. A $30 million capital raise to support the acquisition and Nasdaq uplisting.
3. Organic sales projected to double existing and acquired sales.
4. Introduction of new products and services with higher margins.

The presentation will provide more details on these initiatives and the company's overall growth strategy. Investors can attend the online conference or access the archived webcast later.

Positive

• Targeted strategic acquisition expected to add $200-$300 million in annual sales
• Planned $30 million capital raise to support acquisition and Nasdaq uplisting
• Projected doubling of organic sales
• Introduction of new higher-margin products and services
• Ambitious goal to reach $1 billion in sales by FY-2027

Negative

• Potential dilution from $30 million capital raise
• Execution risks associated with large-scale acquisition and integration
• Uncertainty in achieving ambitious sales targets

NEW YORK, Aug. 8, 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 August 21-22, 2024. The conference is held online, and iQSTEL will present on Wednesday, August 21st, starting at 11:25 continuing to 11:55 AM Eastern Standard Time.

Company Name: iQSTEL Inc. (Ticker IQST)
Event: Emerging Growth Conference
Date: Wednesday, August 21, 2024
Time: 11:25 AM – 11:55 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 current capital campaign to support a planned major acquisition and Nasdaq uplisting: Click Here to access to 8-K filed on Aug. 6^th, 2024

Key Topics to be Covered in the Conference Presentation:

The company has recently announced plans to expand sales to $1 billion by FY-2027.  On August 6, 2024, the company published an extensive business plan detailing key specific steps to reach $1 billion in sales.  The key steps of this business plan will be discussed at the conference. Highlights of the key steps include:

• A targeted strategic acquisition expected to add $200 million to $300 million in annual sales.
• A $30 million raise in conjunction with the strategic acquisition and Nasdaq uplisting.
• Organic sales expected to double existing and acquired sales.
• $1 Billion Revenue Plan.
• New products and services sales accelerated by existing telecommunication services but with higher margins than existing telecommunication services.

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.

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SOURCE iQSTEL

FAQ

What is iQSTEL's (IQST) revenue target for FY-2027?

iQSTEL (IQST) has announced plans to expand sales to $1 billion by FY-2027.

How much annual sales is IQST's targeted acquisition expected to add?

IQST's targeted strategic acquisition is expected to add $200 million to $300 million in annual sales.

When will iQSTEL (IQST) present at the Emerging Growth Conference?

iQSTEL (IQST) will present at the Emerging Growth Conference on Wednesday, August 21, 2024, from 11:25 AM to 11:55 AM Eastern Standard Time.

What is the size of the capital raise planned by iQSTEL (IQST)?

iQSTEL (IQST) is planning a $30 million capital raise in conjunction with the strategic acquisition and Nasdaq uplisting.