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Wednesday, December 1, 2021

Iqstel Inc (OTCMKTS: IQST) Powerful Run Northbound as EV Motorcycle Manufacture Reports Record Revenues and looks to Up List to a Major Exchange

Iqstel Inc (OTCMKTS: IQST) is making a powerful move northbound off its base at $0.50 in recent trading after the Company announced record Q3 revenues. Year to date the Company reported $46.84 Million compard to $29.44 for the same period last year. This year IQST revenues continue to rise; in Q1 the Company reported $14.19 Million in Q1, $16.12 Million in Q2, $16.51 Million in Q3. and expect to hit net income positive by next quarter. Having graduated from one OTC Markets marketplace to the next achieving an OTCQB certification and then an OTCQX certification and incorporating the required corporate governance to include an Independent Board of Directors and an Independent Audit Committee, the distance from here to a Nasdaq listing is not too far a reach. 

Also last week IQST reported the manufacturing of its EVOSS electric motorcycles is scheduled to begin next week. The electric motorcycles are slated for delivery to the USA, Latin American and the EU. The first electric motorcycles are expected to roll off the production line before the end of this FY. The first production run includes the EVOSS 250, 350 and 450 models equipped with 2, 3, and 4 Kw motors.  All models come with a 72 Volt, 50 AmpH battery. The Company’s vision is to become a major player in EV Motorcycle market within Latin America, and the EU over the next three years. The company has presence in 15 countries, and its products and services are used in several industries as Telecommunications, Electric Vehicle (EV), Financial Services, Chemical and Liquid Fuel Distribution Industries. IQSTEL announced on February 17th 2021 that it became a Debt Free Company and is now completely debt free with no Convertible Notes, Warrants, Promissory Notes or Settlement Agreements from its Balance Sheet.  

Iqstel Inc (OTCMKTS: IQST) is a US-based publicly-listed company holding an Independent Board of Directors and Independent Audit Committee offering leading-edge services through its two business divisions and each of them with independent brands. The B2B division, Brand IQSTelecom offering Telecommunications, Internet of Things, Technology and Blockchain platforms services, the target market for the B2B division is Global Markets. The B2C division, Brand EVOSS offering EV Electric Motorcycles, Fintech Ecosystem, the target market for this business division is Latin America, and the Spanish speakers in the USA. The company has presence in 15 countries, and its products and services are used in several industries as Telecommunications, Electric Vehicle (EV), Financial Services, Chemical and Liquid Fuel Distribution Industries. IQSTEL announced on February 17th 2021 that it became a Debt Free Company and is now completely debt free with no Convertible Notes, Warrants, Promissory Notes or Settlement Agreements from its Balance Sheet. 

Earlier this month IQST reported the manufacturing of its EVOSS electric motorcycles is scheduled to begin next week. The electric motorcycles are slated for delivery to the USA, Latin American and the EU. The first electric motorcycles are expected to roll off the production line before the end of this FY. The first production run includes the EVOSS 250, 350 and 450 models equipped with 2, 3, and 4 Kw motors.  All models come with a 72 Volt, 50 AmpH battery. 

The EVOSS electric motorcycle is a custom design with a max range up to 150 Km per battery charge, a max speed up to 90 Km/h, and a max torque of 140 N – varying based on model. The first shipments are intended to trial and establish in country dealer networks and support within each destination country. The Company’s vision is to become a major player in EV Motorcycle market within Latin America, and the EU over the next three years.   

Microcapdaily first reported on IQST in February 2000 as the stock was moving up over a dime stating at the time: “IQST has seen a surge in price and trading volume after the Company announced it has reached a definitive agreement with Labrys Fund extending the terms of the previous promissory note thereby stopping further conversions. This is huge news for IQST as the debt conversions was the primary factor in keeping the pps so low. IQST has already attracted a significant shareholder base that has been accumulating. The Company is an emerging player in the international telecommunications business and already boasts very significant revenues.

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IQST

IQSL is doing big numbers and has never been in a greater financial position and with better financial performance resulting from the successful execution of its business plan. iQSTEL has been a debt-free company since February 2021. No Reg-A shares have been sold since March 2021, and the quarter-after-quarter net income improvements put the company on a clear track to reach break-even in the short term. Having graduated from one OTC Markets marketplace to the next achieving an OTCQB certification and then an OTCQX certification and incorporating the required corporate governance to include an Independent Board of Directors and an Independent Audit Committee, the distance from here to a Nasdaq listing is not too far a reach. 

FINANCIALS YTD Q3 FY-2021 vs YTD Q3-FY-2020:  REVENUE: $46.84 Million YTD FY-2021 vs $29.44 Million YTD FY-2020, a 59% increase. GROSS PROFIT: $1.37 Million YTD FY-2021 vs $0.70 Million YTD FY-2020, a 95% increase. DILUTIVE DEBT (Convertible notes, Warrants, and Derivative liabilities): ZERO YTD FY-2021 vs $8.43 Million YTD FY-2021 

FY-2021 POSITIVE FINANCIAL TREND: REVENUE: $14.19 Million in Q1, $16.12 Million in Q2, $16.51 Million in Q3. NET INCOME (LOSS): $(1.87) Million in Q1, $(1.11) Million in Q2, $(0.11) Million in Q3. 

EV Electric Motorcycles: We completed the design for the first Models 250, 350, 450 (2,3,4 Kw, and Batteries 50AmpH x 72Volt), and we are starting the manufacturing of the first batch this week, which we expect to begin rolling off the production line by next month. 

EV Batteries: We completed the High Power Batteries design and specs for Revolt Motorcycles (ALYI, Modus) and we are now in negotiations with ALYI about the commercial terms. 

Fintech: We completed the Global Money One ecosystem, however, we have postponed the Global Commercial Launching and the delivery of the MAXMO contest winners as we are working on the back-end improvement of our reconciliation process. We will be announcing the Global Commercial launching and the MAXMO contest winners soon. 

The Company recently hired Tony Abdo as CEO EVOSS Division and Senior Business Development VP for Internet of Things and Blockchain Platforms: Mr. Abdo is on a fast track and already working on an expedited commercial plan to close business proposals already in progress. Mr. Abdo is also developing the in-country dealer network for our EVOSS EV Motorcycles. 

in the Coming year the company plans to potentially surpass the Forecast for FY-2021: We are on the home stretch to accomplish our Forecast of $60.5 Million for this FY. Management is confident about reaching this business goal, and still working to surpass it. Other catalysts include the Global Commercial Launching of MAXMO. The EVOSS EV Motorcycles will roll off the production line. Updates on our M&A Campaign and Nasdaq Up-listing progress. 

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IQST is making a powerful move northbound off its base at $0.50 in recent trading after the Company announced record Q3 revenues. Year to date the Company reported $46.84 Million compard to $29.44 for the same period last year. This year IQST revenues continue to rise; in Q1 the Company reported $14.19 Million in Q1, $16.12 Million in Q2, $16.51 Million in Q3. and expect to hit net income positive by next quarter. Having graduated from one OTC Markets marketplace to the next achieving an OTCQB certification and then an OTCQX certification and incorporating the required corporate governance to include an Independent Board of Directors and an Independent Audit Committee, the distance from here to a Nasdaq listing is not too far a reach. Also last week IQST reported the manufacturing of its EVOSS electric motorcycles is scheduled to begin next week. The electric motorcycles are slated for delivery to the USA, Latin American and the EU. The first electric motorcycles are expected to roll off the production line before the end of this FY. The first production run includes the EVOSS 250, 350 and 450 models equipped with 2, 3, and 4 Kw motors.  All models come with a 72 Volt, 50 AmpH battery. The Company’s vision is to become a major player in EV Motorcycle market within Latin America, and the EU over the next three years. The company has presence in 15 countries, and its products and services are used in several industries as Telecommunications, Electric Vehicle (EV), Financial Services, Chemical and Liquid Fuel Distribution Industries. IQSTEL announced on February 17th 2021 that it became a Debt Free Company and is now completely debt free with no Convertible Notes, Warrants, Promissory Notes or Settlement Agreements from its Balance Sheet. 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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