ONAR Announces Partnership with iQSTEL, Congratulates Company on Stellar FY24 Q4 Results

Rhea-AI Summary

ONAR has announced a new mid-six-figure partnership with iQSTEL (IQST) to lead their rebranding and marketing initiatives. The contract, finalized in October 2024, comes as iQSTEL reports exceptional Q4 FY24 results, with net revenue reaching $96 million, representing a 77% increase from Q3's $52 million.

Through its agency Storia, ONAR will focus on enhancing iQSTEL's visual identity, refining their brand story, and strengthening their market positioning in telecommunications, fintech, and technology sectors. The partnership aims to develop a consistent brand image and clear messaging strategy to effectively communicate iQSTEL's value proposition to target audiences.

Positive

• Q4 net revenue reached $96 million, up 77% from $53 million in Q3
• Secured new mid-six-figure marketing contract with ONAR

Negative

• None.

LOS ANGELES, Jan. 8, 2025 /PRNewswire/ -- ONAR (OTCQB:RELT), a rapidly growing network of highly specialized boutique marketing agencies, is excited to formally unveil its newly secured partnership with iQSTEL, Inc. (OTCQX: IQST). This new business for ONAR is worth mid-six figures in value. The contract, finalized in October 2024, entrusts ONAR, via its agency Storia, to spearhead iQSTEL's ongoing rebranding, marketing, and growth efforts in tandem with the telecom innovator's notable fourth-quarter success for Fiscal Year 2024. This collaboration underscores ONAR's commitment to fueling iQSTEL's continued momentum into 2025 and beyond.

iQSTEL, a global telecommunications and technology company, recently announced its financial results to close out the year. In the report, they disclose that Q4 net revenue reached an unprecedented $96 million, marking a staggering 77% increase compared to $52 million in Q3.

ONAR is thrilled to be an ongoing partner of iQSTEL via its flagship agency Storia, providing comprehensive rebranding and marketing support. This collaboration aims to:

• Enhance iQSTEL's visual identity: Develop a strong and consistent brand image that effectively represents the company's diverse offerings to its target audience.
• Refine their brand story: Improve branding through a clearly defined messaging strategy that resonates and simply communicates their unique value proposition.
• Strengthen market positioning: Position iQSTEL as a leader in telecommunications, fintech, and other technology industries.

"We are incredibly proud of iQSTEL's achievements in Q4," said Claude Zdanow, CEO at ONAR. "Their strong financial performance demonstrates the strength of their business model and their team's dedication. We are excited to continue our partnership and support iQSTEL in achieving its strategic goals."

"We are thrilled to partner with ONAR, whose expertise in branding and marketing aligns perfectly with our vision," said Leandro Iglesias, President & CEO of iQSTEL. "By leveraging their innovative strategies and creative talent, we are confident in our ability to establish a stronger brand identity and drive significant growth."

About iQSTEL

iQSTEL Inc. (OTCQX: IQST) (www.iQSTEL.com) is a leading multinational telecommunications and technology company serving Tier-1 global carriers, corporations, and international enterprises with high-quality communication and connectivity value-added services. iQSTEL is committed to providing access to ubiquitous communications, the freedom of virtual banking, affordable mobility, and information and content, all while ensuring that its solutions meet the highest cybersecurity standards.

About ONAR

ONAR (OTCQB: RELT) is a dynamic marketing and business solutions network, currently publicly traded as Reliant Holdings, Inc. with plans to become Onar Holding Corporation in the near future. ONAR's mission is to provide unparalleled service through an integrated, AI-driven approach, leveraging its diverse brand family's strengths. Committed to honor, candor, and best-in-class results, ONAR aims to lead the industry by example, ensuring every client relationship is deeply rooted in trust and excellence.

ONAR has nearly 50 employees across five continents, and it is aggressively expanding its team to support the company's growth and acquisition pipeline. Its agencies service over 45 clients across various industries:

• Performance Marketing & SEO: Our high-touch performance marketing agency, Storia, specializes in brand growth, data-driven excellence, and paid advertising.
• Full-Service Healthcare Marketing: Partnering with healthcare professionals, Of Kos provides the best possible patient experience and strives to revolutionize the standard of care.
• Experiential Marketing & Events: CHALK is an experiential marketing powerhouse of event architects who turn bold ideas into unforgettable reality, designing events that dare to defy the ordinary.

ONAR's network of agencies focuses on servicing companies ranging from $50M to $1B+ in revenue, and ONAR is actively searching for agencies to acquire and become part of the network.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on ONAR's current expectations and projections about future events and financial trends that it believes may affect its financial condition, results of operations, business strategy, and financial needs. These statements are not historical facts and are inherently uncertain and outside of ONAR's control. Forward-looking statements include, among other things, statements regarding ONAR's expectations regarding its ability to achieve its financial and strategic goals, including surpassing $100 million in revenue and securing a NASDAQ listing; its ability to expand its client base and market share; and its ability to develop and launch new products and services. Actual results may differ materially from ONAR's expectations and projections due to various risks and uncertainties, including market conditions, competition, the ability to protect intellectual property, the ability to manage growth, changes in laws and regulations, and other factors described in ONAR's filings with the Securities and Exchange Commission. These forward-looking statements are made as of the date of this press release, and ONAR undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

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SOURCE ONAR

FAQ

What was iQSTEL's (IQST) Q4 2024 revenue growth percentage?

iQSTEL's Q4 2024 revenue grew by 77%, reaching $96 million compared to $52 million in Q3.

What is the value of IQST's new partnership with ONAR?

The partnership between iQSTEL and ONAR is worth mid-six figures in value.

When was the IQST-ONAR marketing contract finalized?

The contract between iQSTEL and ONAR was finalized in October 2024.

What services will ONAR provide to IQST through Storia agency?

ONAR, through Storia agency, will provide comprehensive rebranding and marketing support, including visual identity enhancement, brand story refinement, and market positioning strengthening.