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iQSTEL Inc. (OTC-QX: IQST) is a US-based multinational telecommunications and technology company preparing for a Nasdaq up-listing. With a focus on serving basic human needs, iQSTEL provides access to communications, virtual banking, clean mobility, and information through its four Business Divisions: Telecommunications, Fintech, Electric Vehicles, and Metaverse. Recent achievements include becoming an associate Industry member of the GSMA, a global organization representing mobile network operators worldwide.
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.
iQSTEL, Inc. (OTCQB: IQST) has executed a Letter of Intent (LOI) with a prominent Chinese electric vehicle manufacturer for producing high-performance electric motorcycles under the EVoss brand. A definitive agreement is in progress, aiming for the first EVoss motorcycle launch in Latin America, with a 30-day delivery commitment post-purchase order. The partnership also includes engineering support, spare parts supply, and battery manufacturing. iQSTEL's CEO highlighted the strategic importance of this collaboration, noting China's dominant EV motorcycle market.
iQSTEL (OTCQB: IQST) announced its application for OTCQX, aiming to enhance its governance and transparency in preparation for a Nasdaq uplisting. This certification, likened to a prestigious 'platinum club', is anticipated to add immediate shareholder value and align with Nasdaq standards. The company recently reorganized into two divisions, IQSTelecom and EVOSS, to improve customer engagement. CEO Mr. Iglesias stated that each milestone toward a Nasdaq uplisting contributes to shareholders' value. iQSTEL operates in telecommunications, fintech, and electric vehicles across 15 countries.
iQSTEL, Inc. (OTCQB: IQST) achieved $5.23 million in revenue for July 2021, a 21% increase compared to July 2020. This marks the fourth consecutive month of exceeding $5 million in revenue. The company operates in 15 countries and offers various services in Telecommunications, Electric Vehicle, Financial Services, and more, via its five business divisions. iQSTEL has a diverse product portfolio including SMS, VoIP, and EV-related solutions.
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