August 17, 2021 -- InvestorsHub NewsWire -- via ABNewswire -- iQSTEL, Inc. (OTCQB: IQST) has generated significant investor attention with its numerous revenue-generating developments throughout 2021. And an announcement from last deserves more attention than it is getting. Indeed, it’s a value driver in the back half of this year.

On August 6th, IQST announced that it will begin installing 2500 units of its proprietary IoTSmartTank devices for a Fortune 500 chemical company by the end of this month. The announcement is a significant development for the company as the 2500-unit installation and subsequent monitoring and maintenance will bring its Technology Division to the cusp of profitability. IQST has guided that, at the very least, the deal gets them to breakeven status financially. That is a milestone reached.

The better news is that its current IoTSmartTank engagement with the Fortune 500 Chemical Company includes only one of that client’s facilities, leaving potentially substantial opportunities to develop the agreement further. The deal has been in the works for quite some time, and now that it’s done, IQST believes the program will add to the momentum earned from its field test earlier this year. The first batch of devices is already prepared for installation, with its software platform fully customized for the respective client.

The 2500-unit deal is a substantial achievement for the company, adding a significant revenue stream expected to grow higher as its client relationship matures. The project also highlights IQST’s diversified capabilities and ability to provide best-in-class solutions to various industries. Best of all, this deal represents only the beginning of IQST’s expansion plan for the coming quarters. 

For investors, that translates to potentially multiple near-term catalysts in the back half of this year.

Expanding Its International Presence

The update follows a year of hard work and deal-making by IQST. And, while its stock may be hovering near its Reg A price of $0.50, as that deal closes, expect IQST to be far from a sub-dollar company. That premise is based on soaring revenues, its diversified operational structure that is hitting its stride, and its ability to close niche style deals. That part was evident throughout this year.

Earlier in August, IQST showed off its financial services prowess by advancing its Global Money One ecosystem. In that deal, IQST detailed its ongoing negotiations with Ago Bank Corporation to establish a partnership allowing Ago to provide more comprehensive financial services to its customers by connecting to iQSTEL’s Global Money One MAXMO/VIMO Ecosystem.

According to IQST, the deal could bring in millions of dollars in annual revenues, on top of what is already expected to be a record-breaking year targeting $60 million in sales.

This potential partnership also elevates IQST subsidiary Global Money One Inc’s recently developed MAXMO/VIMO Fintech Ecosystem to a new level. The MAXMO Ecosystem is live, and the VIMO Ecosystem will be up and running soon. And, IQST believes that both products could begin generating substantial revenues as soon as this year.

MAXMO Ecosystem Spreading In Latin America

The deal benefits both parties significantly. IQST’s MAXMO Ecosystem provides clients with a Mastercard Debit Card, a US Bank Account, a mobile App/Wallet, cryptocurrency exchange services, remittances, and mobile top-up. The planned agreement with AGO would leverage its network of 10,000 agents in Latin America and reach Venezuela, where entry barriers are high.

Additionally, IQST believes that collaboration between AGO and iQSTEL presents a win-win proposition. AGO clients would gain access to a broader range of financial services, while iQSTEL would be able to quickly expand its Global Money One MAXMO/VIMO Fintech Ecosystem by leveraging the strength of more than 10,000 AGO agents.

The upcoming deal would also bolster IQST’s plan to grow its new EVoss division (Electric Vehicle Division) by capitalizing on the AGO relationship to market an EVoss electric motorcycle packaged with AGO purchase financing within the Latin American regions.

Although the negotiations are still underway, it’s worth noting that IQST’s history demonstrates that they typically accomplish what they set out to do. As a result, any future updates are likely to be positive.

Driving Innovation In EV, Fintech, And Telecommunications Sectors

Alongside this potentially lucrative partnership, IQST is also developing a comprehensive EV battery ecosystem by providing solutions including Battery Chargers, Battery Management Software, and an integrated Internet of Things. Their EV division, which includes partnerships with Alternet Systems (OTCMKTS: ALYI), could become a revenue-generating juggernaut and help diversify its portfolio and capitalize on new business opportunities across Africa and Latin America.

IQST’s EV division is only part of a much larger international story. The US-based telecommunications and fintech company is already providing services to clients across the globe, most of which offer significant advantages over existing solutions in telecommunications, electric vehicles (EV), liquid fuel distribution, chemicals, and financial services. IQST currently operates in over 13 countries, with plans to expand that reach substantially over the next twelve months.

Part of its expansion plan involves its recently launched Mobile Number Portability Application (MNPA) Blockchain Platform, itsBchain, which could become a significant revenue driver as soon as this year. The itsBchain MNPA streamlines switching mobile network carriers while retaining the same phone number, a procedure that often requires the involvement of a third party and significant waiting periods. The ability to give users and network providers additional authority are at the heart of this approach. 

Specifically, it allows all parties to avoid common logistical hurdles by empowering users to switch networks while keeping their same phone number in just three taps on a smartphone.

The platform creates a substantial opportunity for IQST. The MNPA platform as a service (PaaS) targets a market estimated at $530 million annually. IQST believes that this service alone could generate upwards of $25 million per year during the next three years. The more excellent news for IQST and its shareholders is that this initiative is already well underway.

In addition to this program, IQST’s Visa Debit Card services under the brand name Visa Money One (VIMO) is another major revenue-generating asset for the company. IQST brands VIMO as more than just a debit card – offering a comprehensive banking platform that includes essential financial services such as the ability to open a US Bank Account, make a Mobile Wallet payment, and more. One of the most exciting aspects of the Visa Money One platform is that it will allow users to buy and sell cryptocurrencies, capitalizing on the burgeoning public interest in the cryptocurrency market.

Even better, by making it simple to purchase and sell cryptocurrencies on the VIMO platform, IQST is well-positioned to soon join the ranks of other applications that have generated billions by providing more accessible investment processes. 

Furthermore, with the platform quickly expanding its reach, IQST estimates that the product and service could bring in over $128 million in revenues throughout the next five years. When these earnings are combined with the company’s other initiatives, such as the itsBchain MNPA platform, the second half of the year could add more to the already record-setting revenues expected this year. 

A Busy year, A Busy IQST

Indeed, with the assets and business divisions running in high gear, the second half of 2021 is setting up to be a breakout year. Already in six months, IQST delivered unprecedented growth IQST. And while its stock may still be under a $0.50 Reg A financing, that deal will soon close. Then, when that ceiling is removed, a more appropriate valuation will be warranted. 

In fact, with its MNPA platform, the imminent launch of Visa Money One, and the new possibilities offered by its EV collaborations with ALYI, IQST is better positioned than ever to expedite its already impressive growth throughout the rest of the year and well into 2022. Its expected partnership with Bank Ago adds more firepower to the proposition.

Hence, for longer-term investors, these levels are certainly an attractive level for investment consideration. And even for short-term investors, these levels offer an aggressive price below the Reg A price offering.. When that offering closes, and it will, expect longs to take the momentum. And that turn of events may come sooner than many think.

 

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Source - https://www.benzinga.com/pressreleases/21/08/ab22462769/iqstel-business-is-surging-commences-installation-rollout-of-2500-iot-units-for-fortune-500-chemi

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