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Sunday, September 25, 2022

Iqstel Inc (OTCMKTS: IQST) Heats Up; Investment Bank for Planned Up Listing, Record Revenues & Launch of EVOSS EV Motorcycle Update

Iqstel Inc (OTCMKTS: IQST) is moving northbound with power in recent trading and is quickly attracting legions of new shareholders and some big players in small caps who are heavily accumulating at current levels. The stock has runner in its blood initially taking off last November and rising up from pennies to a high of $2 per share. Microcapdaily reported on the rise of IQST from the very beginning featuring the stock in 2020 when it was 0.07 per share. As the Company moves towards its planned-up listing to NASDAQ as well as the upcoming launch of the EVOSS electric motorcycles in the USA, Latin American and the EU investors are looking for a powerhouse breakout here – a break over $2 and its blue skies ahead for IQST. 

IQST has started off 2022 with a boom! the Company increased its 2021 revenue forecast to $64 million and to $90 million in 2023, closed an agreement for $2.75 million in funding and executed a term sheet from a strategic investor for $60 million in financing bringing shareholder equity up to meet Nasdaq’s listing requirements. The funds are primarily intended to support the Company’s merger and acquisition objectives over the next three years. iQSTEL is currently looking to engage an investment bank to sponsor its up listing to Nasdaq and has now officially entered the booming EV marketplace with its first batch of EV Motorcycles having rolled off the production line. The roll out of the EVOSS EV Motorcycle is just the beginning of the Company’s EV business. IQST has more EV’s being designed right now.   

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Iqstel Inc (OTCMKTS: IQST) is a technology company offering a wide array of services to global telecommunications and technology industries with presence in 13 countries. The Company has an extensive portfolio of products and services for its clients such as: SMS, VoIP, 4G & 5G international infrastructure connectivity, Cloud-PBX, OmniChannel Marketing, IoT services, blockchain and payment solutions. These services are grouped within three business divisions: Telecom, Technology and Fintech. IQST operates its business through its wholly-owned subsidiary Etelix.com USA, LLC and its majority-owned subsidiaries SwissLink Carrier AG QGlobal SMA Smart Gas and ItsBChain iQSTEL through its subsidiaries is interconnected with the most important telecom players and value-added integrators in the world including Verizon, KDDI, PCCW, Hutchinson, Flow Jamaica (Cable and Wireless Caribbean), Cable and Wireless Panama, Millicom (TIGO), Telefonica de España (Movistar), Telecom Italia (TIM), Portugal Telecom (MEU), Optimus (NOS), Belgacom (BICS), Deutsche Telekom, Vodafone, Airtel, Reliance, Viettel, TATA Communications to name just a few. 

The Company is led by CEO Leandro Iglesias, a seasoned telecommunications executive who was employed as the International Business Manager at CANTV/Movilnet (the Venezuelan biggest telecommunications services provider). He held this position between January 2003 and July 2008, while the company was under the control of Verizon. Previous to his role at CANTV/Movilnet, Mr. Iglesias was Executive Vice President and responsible for the Latin America marketing division of American Internet Communications (August 1998 – December 2002). 

IQST is a revenue powerhouse reporting $58 million in sales as of November 30, 2021. The revenue for the month of November was $6.5 million. Management now expects to exceed its $60.5 million revenue forecast for FY-2021 and is revising the forecast upward by approximately 4% to $64 million nd to $90 million in 2023. 

in November IQST signed an MOU to acquire a telecommunications company in the VoIP and SMS space. The target acquisition, Smartbiz Telecom LLC, has an estimated $15 million in annual revenue, with positive Net Income.  Subject to completing this acquisition, iQSTEL is setting an initial forecast of $75.5 million annual revenue in Telecom Business Line for FY 2022.  This initial Telecom forecast does not include an estimate of the additional sales anticipated from cross selling iQSTEL’s existing services into the Smartbiz Telecom, LLC customer base.  

iQSTEL is also working to develop a long-range battery solution for ALYI’s electric motorcycle program

iQSTEL recently officailly entered the EV marketplace with its first batch of EV Motorcycles having rolled off the production line.The first production run will be shipping to Spain for distribution in Europe, the United States, and Panama, for distribution in Latin America. The company is producing four different model EV Motorcycles resulting in the combination of two different electric motors, a 2 kw and a 3 kW, and two different batteries, a 50 amp-h and a 75 amp-h.  The four different model EVOSS EV Motorcycles are designated as the EVOSS 250, the EVOSS 275, the EVOSS 350 and the EVOSS 375.  All EVOSS EV Motorcycles include a removable 72 Volt battery with a charging unit. The 4 models are intended to allow consumers to select the right solution for their specific geography and purpose – city or open road; hills or flats, personal transportation, or delivery service. The current EVOSS EV Motorcycles have a 100 km range per battery charge. The Company’s manufacturing partner in China is thoroughly testing the EVOSS EV Motorcycles to ensure specification compliance.  The tests include driving the EV Motorcycles over a 22-degree slope.

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IQST

The heart of IQST EV Motorcycle sales operations will be focused on Latin America where the Company plans to target the replacement of the widely adopted 125 cc combustion engine motorcycles. iQSTEL competitively priced, low maintenance, gas station independent EVOSS EV Motorcycle is built to deliver a look and feel very similar to a 125 cc combustion engine motorcycle it is designed to replace. 

The roll out of the EVOSS EV Motorcycle is just the beginning of the Company’s EV business.  IQST has more EV’s being designed right now.  iQSTEL is drawing on its deep overall technology background to develop EV disruptive technologies that will set its EV products apart from the rest of the EV industry. The Company is currently in discussions with dealers in Latin American and Spain and eager to expand those discussions. 

In a recent letter to shareholders CEO Leandro Iglesias stated: “We are still fresh off the monumental finish to 2021 that saw the company achieving record revenue even higher than our original forecast combined with our reaching the shareholder equity requirement for a Nasdaq listing.  In January, we saw our first EV Motorcycles rolling off the production line.  Our $90 million revenue forecast for 2022 and our Nasdaq up listing in the first half of 2022 are lofty, yet achievable objectives.” Mr. Iglesias continued: “We remain ever optimistic in the potential of iQSTEL’s share price to organically rise to the Nasdaq minimum listing requirement. We believe the upcoming publishing of our 2021 audited financial report confirming our record revenue, improved bottom line and Nasdaq compliant shareholder equity will support a move for iQSTEL’s share price to align with the company’s yet unrecognized fundamental financial value.” He stated the Company is currently looking to engage an investment bank to sponsor its up listing to Nasdaq and finished by saying: “The stage has been set for 2022 to be a seminal year for iQSTEL where we embark on period of even more rapid growth and gain recognition as market leader serving an ever more mobile global community.  On behalf of all working here at iQSTEL, we couldn’t be more excited.” 

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IQST is moving northbound with power in recent trading topping $3 million in dollar volume on Friday and is quickly attracting legions of new shareholders and some big players in small caps who are heavily accumulating at current levels. The stock has runner in its blood initially taking off last November and rising up from pennies to a high of $2 per share. Microcapdaily reported on the rise of IQST from the very beginning featuring the stock in 2020 when it was 0.07 per share. As the Company moves towards its planned-up listing to NASDAQ as well as the upcoming launch of the EVOSS electric motorcycles in the USA, Latin American and the EU investors are looking for a powerhouse breakout here – a break over $2 and its blue skies ahead for IQST. IQST has started off 2022 with a boom! the Company increased its 2021 revenue forecast to $64 million and to $90 million in 2023, closed an agreement for $2.75 million in funding and executed a term sheet from a strategic investor for $60 million in financing bringing shareholder equity up to meet Nasdaq’s listing requirements. The funds are primarily intended to support the Company’s merger and acquisition objectives over the next three years. iQSTEL is currently looking to engage an investment bank to sponsor its up listing to Nasdaq and has now officially entered the booming EV marketplace with its first batch of EV Motorcycles having rolled off the production line. The roll out of the EVOSS EV Motorcycle is just the beginning of the Company’s EV business. IQST has more EV’s being designed right now. We will be updating on IQST when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with IQST.

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sclosure: we hold no position in IQST either long or short and we have not been compensated for this article.

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