NEW YORK, NY, Aug. 12, 2020 (World NEWSWIRE) — via NEWMEDIAWIRE — iQSTEL Inc. (OTC: IQST), a leading-edge 21st Century Enhanced Telecommunications Services Provider, continues with report breaking financials as the 2020 Q2 internet earnings entrenches the company’s growth street-map with $1.2M+ in quarterly net profits.
The development during the 1st half of 2020 is a testomony to the business enterprise and acquisition methods place in place above the past handful of yrs. Combining important area and international agreements, iQSTEL carries on to grow with year to date revenues reaching $16.1M, a sizeable increase from 2019’s calendar year to date $8.4M. The 2020 Q2 internet revenue surpassed 2019’s Q2 determine of ($484k) by 362%.
Mr. Iglesias commented, “Our expansion throughout 2020 has been phenomenal and is attributed to our concentration on strong provider agreements and strategic subsidiary acquisitions. Though COVID-19 has drastically impacted the international overall economy, we have seen our revenues carry on to increase as we facilitate connectivity across the telecom marketplace. The re-opening of various global economies has further increased these outside of expectations. Our subsidiaries shine as good results tales, even at this early phase, as was viewed in our the latest launch detailing their unique internet earnings.”
Further more particulars will be offered in our 10-Q filings expected about next days.
About iQSTEL Inc.:
iQSTEL Inc (OTC: IQST) www.iQSTEL.com is a US-centered publicly shown firm supplying foremost-edge 21st Century Improved Telecommunications Services with a focus on a vast range of cloud-based improved companies to the Tier-1 and Tier-2 carriers, corporate, company, as nicely as the retail sector. iQSTEL as a result of its subsidiaries Etelix, SwissLink, QGlobal SMS, SMSDirectos, IoT Labs, IoT Wise Gas Platform, itsBchain presents a “a person-prevent-shopping” for worldwide and domestic VoIP services, IP-PBX providers, SMS exchange for A2P and P2P, OmniChannel Internet marketing, World wide web of Points (IoT) apps (IoT Good Gasoline System), 4G & 5G worldwide infrastructure connectivity, as effectively as blockchain-based platforms: Mobile Range Portability Application (MNPA) and Settlement & Payments Marketplace for VoIP, SMS and Data.
About Etelix.com Usa, LLC:
Etelix.com United states LLC www.etelix.com is a wholly owned subsidiary of iQSTEL Inc. Etelix.com Usa, LLC is a Miami, Florida-based worldwide telecom provider started in 2008 that presents telecom and technologies options globally, with business existence in North The united states, Latin The united states, and Europe. Enabled by its 214-license granted by the Federal Communications Fee (FCC), Etelix delivers International Extended-Distance voice providers for Telecommunications Operators (ILD Wholesale), and Submarine Fiber Optic Network ability for net (4G and 5G). Etelix was launched in 2008 and has been worthwhile considering that inception.
About SwissLink Carrier AG:
SwissLink Provider AG www.swisslink-carrier.com is a 51% owned subsidiary of iQSTEL Inc. SwissLink Carrier AG is a Switzerland dependent intercontinental Telecommunications Carrier established in 2015 furnishing worldwide VoIP connectivity throughout the world, with professional existence in Europe, CIS and Latin America. SwissLink Carrier AG is a Swiss licensed Operator, having a domestic Interconnect with Swisscom, making it possible for their intercontinental Provider Customers immediate terminations by means of SwissLink into all Switzerland Correct & Cellular Networks. Due to the fact the takeover from Swissphone in November 2018 and the rename into SwissLink, they work on a successful amount.
About QGlobal SMS LLC.:
QGlobal SMS LLC www.qglobalsms.com is a 51% owned subsidiary of iQSTEL Inc. QGlobal SMS is a United states primarily based organization and a professional model founded in 2020 specialised in worldwide and domestic SMS termination, with emphasis on the Programs to Person (A2P) and Man or woman to Person (P2P) for Wholesale Carrier Sector and Company Current market in US. QGlobal SMS has professional existence in US, Mexico, Latin The us, EMEA (Europe, Center East, Asia) and Africa, by way of our SMS services suppliers primarily based in Austin, TX and Miami, FL Our Austin-dependent SMS assistance provider is specialized in the SMS traffic trade amongst US and Mexico, and our Miami-dependent SMS provider company is centered in the development of Latin The united states and the relaxation of the phrase. QGlobal SMS has robust worldwide interconnection with Tier1 SMS Aggregators, guarantying its buyers high quality and very low termination fees, more than more than 100 countries throughout the world.
About Alcyon Cloud SMS S.A.S (Professional Brand SMSDirectos.com ):
Alcyon Cloud SMS S.A.S. (Business Brand SMSDirectos.com), is a complete subsidiary of QGlobal SMS, a Colombian-primarily based Software and Content material Supplier. Alcyon Cloud SMS (SMSDirectos.com) is registered with the Secretary of Info and Conversation Know-how (ICT) in Colombia, supplying providers to federal government, enterprises, modest and medium small business, as very well as end-users. Utilizing SMSDirectos’ present network, they plan to broaden services from SMS to offer you omnichannel goods and providers these types of as: SMS, E-mail, RCS (Rich Communications Expert services), Social Media Channels (Whats App, Messenger, and so forth), WebRTC (Net Actual-Time Interaction), VoIP (IP-PBX, SIP Trunking) ChatBots (Synthetic Intelligence Primarily based), SMS to E mail, and Electronic mail to SMS.
About IoT Labs MX SAPI:
IoT Labs MX SAPI www.iotlabs.mx , a subsidiary of iQSTEL Inc, is an Net of Matters (IoT) Mexican technological innovation progress enterprise, creator of the “IoT Smart Gas” Platform and Application. The IoT Intelligent Gas platform www.iotsmartgas.com consists of an IoT field product put in on the LP gas tank (adaptable to just about any gasoline or liquid storage tank) and, thanks to the Net of Items (IoT) technologies via Sigfox or GSM community connectivity, allows distant managed and improved logistic processes of refilling, utilization tracking and tank checking in genuine-time by the Intelligent Fuel cellular application. The new GSM tracking function allows for cellular use including floor, air, and sea tank monitoring.
About itsBchain LLC.:
itsBchain LLC www.itsBchain.com is a 75% owned subsidiary of iQSTEL Inc. itsBchain is a blockchain technological know-how developer and solution service provider, with a sturdy target on the telecom sector. The business is the remaining stage of enhancement of a series of blockchain answers aimed at working with the blockchain ledger and wise deal remedies to empower much more effectiveness, quickness in execution and fraud-prevention in the telco industry. Exclusively, the organization is creating a solution that will empower buyers and carriers to transfer cell telephone figures with just a several clicks, allowing for people and carriers the skill to transfer retail users from 1 cell provider to another right away. On top of that, the company is finalizing a carrier-quality market resolution to procure payments in between carriers for cross-traffic of VoIP, SMS and details realtime as traffic is crossed involving carriers. This market will let for immediate payment settlement as properly as the avoidance of fraud amongst carriers.
Harmless Harbor Assertion: Statements in this news release may perhaps be “ahead-wanting statements”. Ahead-searching statements contain, but are not limited to, statements that express our intentions, beliefs, anticipations, techniques, predictions or any other statements relating to our long term routines or other long run events or ailments. These statements are dependent on present-day anticipations, estimates and projections about our business enterprise primarily based, in component, on assumptions created by management. These statements are not guarantees of long run overall performance and involve risks, uncertainties and assumptions that are tricky to forecast. Consequently, true outcomes and benefits may perhaps, and are likely to, differ materially from what is expressed or forecasted in ahead-on the lookout statements because of to several aspects. Any ahead-looking statements talk only as of the date of this information release and iQSTEL Inc. undertakes no obligation to update any ahead-on the lookout assertion to reflect activities or situation soon after the day of this news launch.
IR US Mobile phone: 646-740-0907, IR E mail: [email protected]
Resource: iQSTEL Inc. and its subsidiaries:
www.iqstel.com www.etelix.com www.swisslink-provider.com www.qglobalsms.com www.smsdirectos.com www.iotlabs.mx www.iotsmartgas.com www.itsBchain.com