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NEW YORK, Feb. 17, 2021 /PRNewswire/ iQSTEL, Inc. (USOTC: IQST), an international provider of Telecom, Technology, Fintech and Blockchain solutions, today announced that it has eliminated all remaining debt from its balance sheet associated with any Promissory Note. With the exception of routine operational payables, the Company is now completely debt free with no Convertible Notes, Warrants, Promissory Notes or Settlement Agreements. Since the fourth quarter of 2020, we have eliminated over $3.3 million of debt from our balance sheet, which not only strengthens our financial condition, but also improves our financial performance as net income is no longer burdened with interest expense. Eliminating all debt is a key milestone as we prepare for a potential up-list onto a major stock exchange, commented Leandro Iglesias, iQSTEL s CEO.
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Fintech-services-for-global
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NEW YORK, Feb. 2, 2021 /PRNewswire/ iQSTEL, Inc. (USOTC: IQST) today announced a letter of intent (LOI) agreement to develop a proprietary electric battery (www.iQBatteries.com). The agreement is entered into between iQSTEL s Technology Division subsidiary, IoT Labs (www.iotlabs.mx), and MODUS GROUP (http://www.modusai.co/about-us/), the industrial engineering and design firm engaged by Alternet Systems, Inc. (USOTC: ALYI) for the design and development of Alternet s Revolt Electric Motorcycle.
IoT Labs has produced industry award winning technology solutions (www.iotsmartgas.com) recognized alongside Apple, Amazon and General Electric (https://iotbreakthrough.com/2021-winners/). The MODUS design team brings more than 200 patentable claims.
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NEW YORK, Jan. 28, 2021 /PRNewswire/ iQSTEL, Inc. (USOTC: IQST) today announced a new battery development initiative targeting the burgeoning electric vehicle industry.
iQSTEL s subsidiary, loT Labs Mx (www.iotlabs.mx), leads the company s Technology Division. IoT Labs has for the last two years been developing an array of IoT solutions. IoT Labs, now a part of iQSTEL, is accelerating its development efforts on a battery solution for the Electric Vehicles (EV) industry with the synergies it has gained through the technology and business base provided by iQSTEL s Telecom Division.
IoT Labs also engages in the development of other technologies. Its landmark Smart Gas technology (www.iotsmartGas.com) won the Smart Appliance of the Year award from Iot Break through (www.iotbreakthrough.com).
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NEW YORK, Jan. 25, 2021 /PRNewswire/ iQSTEL, Inc. (USOTC: IQST) today announced that Goldman Small Cap Research has published an updated analyst report with a new target share price recommendation of $0.61, up from $0.54. Goldman further indicates the potential for IQST s share price to reach $1.00 later this year.
Goldman Highlights:
Based on its current valuation relative to its peer group and its entry into new, complementary high growth markets, IQST offers huge upside potential with limited downside risk.
Based on recent and future initiatives we are raising our 2020 revenue forecast to $44.8M, up from $42M and our 6-month target price to $0.61, up from $0.54, previously.
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