iQSTEL's April and May 2020 Revenues Increased 93% and 190% Respectively Over 2019 Numbers
30 June 2020 - 9:25PM
InvestorsHub NewsWire
iQSTEL’s April and May 2020
Revenues Increased 93% and 190% Respectively Over 2019 Numbers; On
Track to Surpass $40M Total Revenues in 2020
NEW YORK, NY -- June 30, 2020 -- InvestorsHub
NewsWire -- iQSTEL Inc. (OTC:
IQST), a leading-edge 21st Century Enhanced Telecommunications
Service Provider, is pleased to report two consecutive record
revenues for April and May 2020, even with the global impact of
COVID-19.
For the month of April
2020, the revenue surpassed $2.4 Million, a 93% increase when
compared to April 2019’s revenue and for May 2020 the company’s
revenues soared to $4.4 Million, an increase of 190% vs May 2019.
The May 2020 figures include $2.8 Million in prepaid
revenues.
The year-to-date
revenues through May 31st, 2020 reached new highs at $11.9 Million,
an increase of over 70% compared to the same year-to-date period
for 2019, $6.9 Million.
Mr. Iglesias comments,
“2020 has brought about the completion of many acquisitions during
Q1 and Q2. The drastic jump in revenues is attributed to a
combination of existing business growth and acquisition
consolidated financials. The current breakdown of revenues across
our various product lines is more than 60% from our SMS business,
over 35% from our VoIP services and the remainder from our other
products and services. More than 55% of our revenue stream is
prepaid revenue, giving us a leg up for continued healthy business
growth.”
“For many companies,
COVID-19 has caused significant business reduction, while others
have completely shut down, maybe never to reopen. From the start,
we built iQSTEL upon a solid foundation. Our business model has
provided consistent growth and is proven a success with the latest
revenue figures. We are thankful to the entire iQSTEL family for
their hard work and dedication and look forward to the future,”
added Mr. Iglesias.
“Concurrently, we are
already working on our 2021 revenue and growth plans. These plans
include introducing our IoT Smart Gas Platform (www.iotsmartgas.com)
to the market and working on the development of our Blockchain
platforms (www.itsBchain.com). Additional exciting plans for Q3 and Q4 2020
will be announced soon,” concluded Mr.
Iglesias.
About iQSTEL
Inc.:
iQSTEL Inc (OTC:
IQST) www.iQSTEL.comis a US-based publicly listed company offering
leading-edge 21st Century Enhanced Telecommunications Services
with a focus on a wide range of cloud-based enhanced services to
the Tier-1 and Tier-2 carriers, corporate, enterprise, as well as
the retail market. iQSTEL through its subsidiaries Etelix,
SwissLink, QGlobal SMS, SMSDirectos, IoT Labs, IoT Smart Gas
Platform, itsBchain offers a "one-stop-shopping” for international
and domestic VoIP services, IP-PBX services, SMS exchange for A2P
and P2P, OmniChannel Marketing, Internet of Things (IoT)
applications (IoT Smart Gas Platform), 4G & 5G international
infrastructure connectivity, as well as blockchain-based platforms:
Mobile Number Portability Application (MNPA) and Settlement &
Payments Marketplace for VoIP, SMS and
Data.
About
Etelix.com USA, LLC:
Etelix.com USA
LLC www.etelix.com is a wholly owned subsidiary of iQSTEL Inc.
Etelix.com USA, LLC is a Miami, Florida-based international telecom
carrier founded in 2008 that provides telecom and technology
solutions worldwide, with commercial presence in North America,
Latin America, and Europe. Enabled by its 214-license granted by
the Federal Communications Commission (FCC), Etelix provides
International Long-Distance voice services for Telecommunications
Operators (ILD Wholesale), and Submarine Fiber Optic Network
capacity for internet (4G and 5G). Etelix was founded in 2008 and
has been profitable since
inception.
About SwissLink
Carrier AG:
SwissLink Carrier
AG www.swisslink-carrier.com is
a 51% owned subsidiary of iQSTEL Inc. SwissLink Carrier AG is a
Switzerland based international Telecommunications Carrier founded
in 2015 providing international VoIP connectivity worldwide, with
commercial presence in Europe, CIS and Latin America. SwissLink
Carrier AG is a Swiss licensed Operator, having a domestic
Interconnect with Swisscom, allowing their international Carrier
Customers direct terminations via SwissLink into all Switzerland
Fix & Mobile Networks. Since the takeover from Swissphone in
November 2018 and the rename into SwissLink, they operate on a
profitable level.
About QGlobal
SMS LLC.:
QGlobal SMS
LLC www.qglobalsms.com is
a 51% owned subsidiary of iQSTEL Inc. QGlobal SMS is a USA based
company and a commercial brand founded in 2020 specialized in
international and domestic SMS termination, with emphasis on the
Applications to Person (A2P) and Person to Person (P2P) for
Wholesale Carrier Market and Corporate Market in US. QGlobal SMS
has commercial presence in US, Mexico, Latin America, EMEA (Europe,
Middle East, Asia) and Africa, through our SMS service providers
based in Austin, TX and Miami, FL Our Austin-based SMS service
provider is specialized in the SMS traffic exchange between US and
Mexico, and our Miami-based SMS service provider is focused in the
development of Latin America and the rest of the word. QGlobal SMS
has robust international interconnection with Tier1 SMS
Aggregators, guarantying its customers high quality and low
termination rates, over more than 100 countries
worldwide.
About Alcyon
Cloud SMS S.A.S (Commercial Brand SMSDirectos.com ):
Alcyon Cloud SMS S.A.S.
(Commercial Brand SMSDirectos.com), is a whole subsidiary of QGlobal SMS, a
Colombian-based Application and Content Provider. Alcyon Cloud SMS
(SMSDirectos.com) is registered with the Secretary of Information
and Communication Technology (ICT) in Colombia, offering services
to government, enterprises, small and medium business, as well as
end-users. Using SMSDirectos’ existing network, they plan to expand
services from SMS to offer omnichannel products and services such
as: SMS, Emails, RCS (Rich Communications Services), Social Media
Channels (Whats App, Messenger, etc), WebRTC (Web Real-Time
Communication), VoIP (IP-PBX, SIP Trunking) ChatBots (Artificial
Intelligence Based), SMS to Email, and Email to
SMS.
About IoT Labs
MX SAPI:
IoT Labs MX
SAPI www.iotlabs.mx , a subsidiary of iQSTEL Inc, is an Internet
of Things (IoT) Mexican technology development company, creator of
the “IoT Smart Gas” Platform and Application. The IoT Smart Gas
platform www.iotsmartgas.com consists
of an IoT field device installed on the LP gas tank (adaptable to
virtually any gas or liquid storage tank) and, thanks to the
Internet of Things (IoT) technology via Sigfox or GSM network
connectivity, allows remote managed and improved logistic processes
of refilling, usage tracking and tank monitoring in real-time by
the Smart Gas mobile app. The new GSM tracking feature allows for
mobile use including ground, air, and sea tank
monitoring.
About itsBchain
LLC.:
itsBchain LLC www.itsBchain.com is
a 75% owned subsidiary of iQSTEL Inc. itsBchain is a blockchain
technology developer and solution provider, with a strong focus on
the telecom sector. The company is the final stage of
development of a series of blockchain solutions aimed at using the
blockchain ledger and smart contract solutions to enable more
efficiency, quickness in execution and fraud-prevention in the
telco industry. Specifically, the company is developing a
solution that will enable users and carriers to transfer mobile
phone numbers with just a few clicks, allowing users and carriers
the ability to transfer retail users from one mobile carrier
to another instantly. Additionally, the company is finalizing
a carrier-grade marketplace solution to procure payments between
carriers for cross-traffic of VoIP, SMS and data realtime as
traffic is crossed between carriers. This marketplace will
allow for instant payment settlement as well as the prevention of
fraud between carriers.
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
statements 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, in part, 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.
iQSTEL
Inc.
IR US Phone:
646-740-0907, IR Email: investors@iqstel.com
Source: iQSTEL Inc. and
its subsidiaries:
www.iqstel.com ; www.etelix.com ; www.swisslink-carrier.com ; www.qglobalsms.com ; www.smsdirectos.com ; www.iotlabs.mx ; www.iotsmartgas.com ; www.itsBchain.com
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