/PRNewswire/ iQSTEL, Inc. (USOTC: IQST), an international provider of Telecom, Technology, Fintech and Blockchain solutions, today announced the company has.
/PRNewswire/ iQSTEL, Inc. (USOTC: IQST), an international provider of Telecom, Technology, Fintech and Blockchain solutions, today announced its new Visa.
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NEW YORK, March 4, 2021 /PRNewswire/ iQSTEL, Inc. (USOTC: IQST), an international provider of Telecom, Technology, Fintech and Blockchain solutions, today announced revenues of $4.8 million for January 2021 compared to $1.85 million in January 2020. January 2021 revenue is 258% higher than January 2020.
The iQSTEL revenue forecast for 2021 is $60.5 million. Management anticipates improving profit margins in 2021 in addition to growing revenues as iQSTEL consolidates its Telecom subsidiaries under a single brand name to improve marketing momentum and operating efficiencies. iQSTEL s revenue forecast for its Telecom Division is $55.1 million.
The additional $5.4 million of iQSTEL s $60.5 million revenue forecast is anticipated from the company s other growing, high margin business units including its Technology Division (IoT and Batteries for EV), Fintech Division (Visa Debit Card), Blockchain Division (MNPA).
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NEW YORK, Feb. 22, 2021 /PRNewswire/ iQSTEL, Inc. (USOTC: IQST), an international provider of Telecom, Technology, Fintech and Blockchain solutions, today announced a contract between Vonage and IQSTEL s Telecom Division (subsidiary QGlobal SMS).
Vonage is a cloud communications provider offering a variety of communication APIs with over $1 billion in annual revenue.
IQSTEL s QGlobal SMS is a wholesale SMS termination provider with a commercial footprint in the USA, Mexico, Colombia, Latin America, Europe and Asia. QGlobal SMS has robust international interconnection with Tier1 SMS Aggregators, Large Mobile Operators in the word and in-country SMS value added integrators, guarantying its customers high quality and low termination rates, over more than 100 countries worldwide.
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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.