IQSTEL INC - IQST STOCK NEWS

iQSTEL, Inc. (OTCQX: IQST) announced the commencement of manufacturing for its EVOSS electric motorcycles, set to begin next week. Deliveries will target markets in the USA, Latin America, and the EU, with the first batches expected to be completed by the end of the fiscal year. The initial production includes models EVOSS 250, 350, and 450, featuring various motor capacities and a range of up to 150 km per charge. The CEO emphasized the company's objective to penetrate the EV motorcycle market and establish dealer networks in these regions.

iQSTEL, Inc. (OTCQX: IQST) has appointed Jose Antonio (Tony) Abdo as the new CEO of its EVOSS B2C Division, also taking on the role of Senior VP of Business Development. His mission includes accelerating the company's EV and FinTech initiatives and developing partnerships with major firms and government entities. With over 30 years of telecom experience in LATAM, Abdo aims to leverage his relationships to boost iQSTEL's EV distribution network and introduce its FinTech products. The company remains debt-free, with an upcoming launch of motorcycle production and FinTech services.

iQSTEL, Inc. (OTCQX: IQST) reported a 24% revenue growth for Q3 2021 compared to the same period last year, achieving $16.5 million in revenue and $46.8 million YTD as of September 30, 2021. Management expects to surpass its annual revenue forecast of $60.5 million. CEO Leandro Iglesias highlighted ongoing consolidation efforts in the B2B division and the introduction of new products, including MNPA-Blockchain and IQBatteries-EV. The company is debt-free and has operations in 15 countries, targeting various global markets.

iQSTEL (OTCQX: IQST) announced the successful completion of mechanical and performance tests for its EVOSS EV Motorcycle Beta Prototype. Deliveries are on track for year-end. The integration of iQSTEL’s IoT Smart EV technology will enhance the motorcycle with ongoing operational and maintenance support. Customers will also access the Global Money One (MAXMO/VIMO) US Debit Card Ecosystem for purchase financing and future insurance options. CEO Leandro Iglesias confirmed plans for the first production batch aimed at Latin America.

iQSTEL, Inc. (OTCQX: IQST) is set to deliver its first batch of EVOSS EV Motorcycles to Latin America by year-end 2021. The company is producing four models with options of 2 kW and 3 kW motors and 50 amp-h and 75 amp-h batteries, tailored for various consumer needs. Each motorcycle features a removable 72 Volt battery, offering a range of 100 km per charge. The CEO emphasized the importance of differentiated features and aims for a significant market presence in Latin America.

On October 5, 2021, iQSTEL, Inc. (OTCQB: IQST) announced the acquisition of the remaining 49% of QGlobal SMS LLC, enhancing its SMS business in Latin America. This move aligns with iQSTEL's strategy to consolidate its Telecommunications, IoT, and Blockchain operations under the B2B IQSTelecom Division. The acquisition is expected to improve operations and gross margins while supporting ongoing revenue growth, currently at about 12% gross margin. CEO Leandro Iglesias highlighted its importance in advancing their M&A campaign and further increasing productivity.

iQSTEL, Inc. (OTCQB: IQST) announced a Road Show for its B2B IQSTelecom Division starting September 22 at the WHOLESALE WORLD CONGRESS in Madrid. The event will feature senior management and focus on strategic meetings related to its M&A campaign. Recently reorganized, IQSTelecom includes wholesale telecommunication services and aims to enhance sales and profits through optimized cross-selling and reduced back-office expenses. Changes in branding are set to maintain existing commercial agreements while transitioning names for Etelix and SwissLink to IQSTelecom America and Europe.

iQSTEL, Inc. (OTCQB: IQST) has announced plans to produce its first batch of EVOSS EV Motorcycles, with the design 90% complete. A purchase order is expected imminently, and manufacturing in China is anticipated to be finished by December. Management aims to receive the first motorcycles on-site, contingent on Covid-19 restrictions. This pilot batch will test quality and performance in Latin America, aimed at establishing EVOSS as a key player in the region's EV market over the next 3 to 5 years.

iQSTEL, Inc. (OTCQB: IQST) reported August 2021 revenues of $5.7 million, a 30% increase from August 2020, marking five consecutive months exceeding $5 million. The year-to-date revenue totals $41.23 million, positioning the company to potentially surpass its $60.5 million revenue forecast for 2021 if the current pace continues over the next four months. iQSTEL operates in telecommunications, technology, and fintech across 15 countries, offering services including VoIP, EV solutions, and blockchain technology.