Iqstel Inc (OTCMKTS: IQST) has seen a fast rise in recent days off its base at a nickel to recent highs over $0.15 per share. The stock has quickly attracted a fast growing shareholder base that continues to bid IQST higher.
There is a lot to get excited about on IQST – the Companys wholly owned subsidiary Etelix continues to grow organically and has been announcing significant revenue growth. Also IQST just announced CEO Leandro Iglesias received an invitation for an exclusive interview at the NASDAQ Marketsite in Times Square, New York on Wednesday, March 25th, 2020.
Iqstel Inc (OTCMKTS: IQST) bills itself as a technology company offering a wide array of services to the Telecom and Internet industry. iQSTEL, through its wholly-owned subsidiary, Etelix offers international long-distance voice services for Tier-1 worldwide telco carriers and submarine fiber optic network capacity for data carriers and internet service providers both land-based and mobile (4G and 5G). Based in Miami, FL. Etelix.com is a wholly owned subsidiary of iQSTEL. Etelix was established in 2008 and holds a 214 FCC-issued international telecommunications carrier license.
iQSTEL is planning to expand its services to the retail market offering International Long-Distance voice communications to Corporate, Small Business and Individuals, supported in part on its current infrastructure. iQSTEL is also exploring to enter in new business areas and markets, such as Satellite Communications; Mobile Services under the figure of a Mobile Virtual Network Operator (MVNO); Internet of Things (IoT) solutions and Data Centers. These new ventures will be developed either through M&A, or through strategic partnerships. iQSTEL is already allocating resources to develop a project of Blockchain Payment Solution to facilitate the settlement of exchanged traffic among international carriers based on smart contracts.
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IQST wholly owned subsidiary Etelix has posted significant revenues – In a January 22 press release CEO Leandro Iglesias stated: “The growth of our main and wholly-owned subsidiary Etelix continues to grow organically, well within the Company’s estimates. For the FY-2019 the Company finished with $16,327,870, an increase of 18.5% versus FY-2018. The main drivers for this growth have been excellent operational execution, as well as our continued quest for better pricing for our clients. The Company is now finalizing the final quarter revenue and operating profit for our recently acquired European subsidiary, Swisslink, which once consolidated will increase the Company’s consolidated revenue and operating profit considerably. We expect to have final revenue numbers in the coming March. Based on our excellent continued level of execution, we expect revenue and operating profit for our consolidated VoIP business to continue on a very robust growth rate through 2020 and the coming years.”
IQST got a significant boost after it let shareholders know about an invitation the Company received for an exclusive interview at the NASDAQ Marketsite in Times Square, New York on Wednesday, March 25th, 2020. Some of the main topics Mr. Iglesias, iQSTEL Inc.’s (OTC: IQST) CEO, will be discussing include: Company history, Corporate structure (Parent and subsidiaries), Record revenues, Completed and forthcoming acquisitions, Projected 2020 earnings and Financial audits and up-listing to a higher exchange. During the NASDAQ Marketsite interview, iQSTEL Inc.’s (OTC: IQST) CEO plans to discuss the requirements the Company has already met for an uplist to a higher exchange.
CEO Leandro Iglesias commented “Our diligent work in the 5G and general Telecom marketplaces is paying off with record revenues, strong growth, and completion of acquisitions. As detailed in our most recent press release, our business plan is unfolding rapidly, building excitement throughout the Company as we see record revenues and growth for 2020. The synergy we are developing between our parent company and subsidiaries is already proving to be a win-win all around. It has only been a few months since the completion of the SwissLink acquisition and we are already seeing additional revenue generating results from cross-selling and expanded business relationships.”
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Currently trading at a $1.6 million market valuation IQST has little assets and $10 million in current liabilities which could cause significant dilution. IQST is an exciting story in small caps – IQST wholly owned subsidiary Etelix has posted significant revenues – In a January 22 press release CEO Leandro Iglesias stated: “The growth of our main and wholly-owned subsidiary Etelix continues to grow organically, well within the Company’s estimates. For the FY-2019 the Company finished with $16,327,870, an increase of 18.5% versus FY-2018. IQST also just announced CEO Leandro Iglesias received an invitation for an exclusive interview at the NASDAQ Marketsite in Times Square, New York on Wednesday, March 25th, 2020. 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.