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NEW YORK, May 14, 2021 /PRNewswire/ iQSTEL, Inc. (USOTC: IQST) today released a letter to shareholders in conjunction with the publication of the company s Q1-FY2021 financial report. The letter is included in its entirety below:
We issue this shareholder letter under the complicated economic environment resulting from Covid-19, but nevertheless, with much optimism.
The iQSTEL business plan is going according to plan. Continuously improving operational performance is reflected in continuously improving financial performance.
Q1 has been an inflection point for iQSTEL. As forecasted, we achieved our forecasted Debt Free status (https://www.prnewswire.com/news-releases/iqst iqstel-eliminates-all-debt-in-form-of-notes-becoming-debt-free-company-301230065.html). The impact is dramatic to both our current and future Balance Sheet, and the company s Statements of Operations.
iQSTEL (IQST) CEO Joins Revolt Token (RVLT) Advisory Board To Back Alternet Systems (ALYI) Electric Vehicle Ecosystem
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NEW YORK, April 29, 2021 /PRNewswire/ iQSTEL, Inc. (USOTC: IQST) today announced that iQSTEL CEO Leandro Iglesias has joined the advisory board for Revolt Token (RVLT).
RevoltTOKEN recently introduced the cryptocurrency, Revolt Token (RVLT), dedicated to backing Alternet System s (USOTC: ALYI) Electric Vehicle (EV) Ecosystem. Revolt Tokens can be purchased now directly from the company and will soon be available to trade on an exchange like Coinbase (COIN).
iQSTEL is also working to develop a long-range battery solution for ALYI’s electric motorcycle program (PRNewsfoto/iQSTEL, Inc.)
Alternet Systems Inc.: ALYI Announces IQST CEO Joins Revolt Token (RVLT) Advisory Board
Dallas, Texas (Newsfile Corp. - April 29, 2021) - Alternet System s (OTC Pink: ALYI) today announced that iQSTEL, Inc. (OTC Pink: IQST) CEO, Leandro Iglesias has joined the advisory board for Revolt Token (RVLT).
RevoltTOKEN recently introduced the cryptocurrency, Revolt Token (RVLT), dedicated to backing Electric Vehicle (EV) Ecosystem. Revolt Tokens can be purchased now directly from the company and will soon be available to trade on an exchange like Coinbase (COIN).
ALYI has initiated its EV Ecosystem with the introduction of an electric motorcycle. iQSTEL has engaged with ALYI to build an IoT EV systems management package for ALYI s electric motorcycle program. iQSTEL is also working to develop a long-range battery solution for ALYI s electric motorcycle program.
IQST - iQSTEL Highlights Q1 Balance Sheet Milestone On Road To Nasdaq Up List - $13 9 Million Estimated Revenue, $2 Million In Cash And No Debt prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Dear Shareholders,
We would like to thank everybody for their communications with the company, reflecting their support and encouragement of iQSTEL s continuous business plan growth.
It s important to remark that FY-2020 was an amazing year for iQSTEL, setting the foundation for future growth.
Over the course of FY-2020, and Q1 FY-2021, we established 4 business divisions:
Telecommunications: SMS, VoIP, 5G International Connectivity, Ommichannel presence
Technology: Internet of Things devices and platforms (IoTSmartGas, IoTSmartTank, IoTSmartEV), and our Batteries for Electric Vehicle industry (iQBatteriesEV)
Fintech: Visa Debit Card and our remittances services (VisaMoneyOne.com)
Blockchain: Our Blockchain Platforms Developer with our Mobile Number Portability Application (MNPA) and our Settlement & Payment Marketplace (SPM)