/zigman2/quotes/207422553/composite IQST +3.07%
Sep 16, 2020 (Stock Market Press via COMTEX) -- For the fourth consecutive month -- May, June, July and August -- in 2020, telecommunications firm iQSTEL, Inc. (OTC: IQST) has surpassed $4.3 million in volume in each month and is now on track to achieve sales in Q3 2020 beating its Q2 volume of $11.2 million. iQSTEL, Inc. (OTC: IQST) is positioning itself for growth in the 5G telecom marketplace with new services/products for Tier 1 and Tier 2 providers, acquiring more subsidiaries, achieving organic increases and creating alliances with major telecom companies.
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iQSTEL, Inc. (OTC: IQST) Revenues Reach Estimated $4.4+ Million For August 2020, Giving Company Four Consecutive Months Surpassing $4.3 Million Apiece; Sales On Track In Q3 2020 To Beat Q2's Reported $11.2 Million
21st Century enhanced telecommunications firm iQSTEL, Inc. (OTC: IQST) reported its volume skyrocketed 218% to an estimated $4.4+ Million In August 2020 compared to $1,395,914 in August 2019. That rise in August, combined with the prior month, means that its sales combined in July and August this year of $8,780,000 so far this year is on track in Q3 to surpass its Q2 $11.2 million in revenues.
Mr. Iglesias, CEO of iQSTEL, Inc. (OTC: IQST), said, "These preliminary August numbers mean we are now on our 4th consecutive month generating revenues over $4.3 Million (May, June, July and August). The iQSTEL family continues to impress the telecommunications market, creating a strong brand and global presence." iQSTEL, Inc. (OTC: IQST) Revenues Reach Estimated $4.4+ Million For August 2020, Giving Company Four Consecutive Months Surpassing $4.3 Million Apiece; Sales On Track In Q3 2020 To Beat Q2's Reported $11.2 Million.
iQSTEL, Inc.(OTC: IQST) Achieved 90% Increase In Sales For First Half Of 2020
iQSTEL, Inc. (OTC: IQST) reported for first half YTD 2020 revenues of $16.1 million, a 90% increase from sales of $8.4 million the comparable period the prior year. In net income, the Company reported $1.2+ million for Q2 2020, a 362% jump from $484 million the comparable period in 2019. Every operating subsidiary -- such as Etelix, SwissLink, QGlobal and IoT Labs -- showed a positive net income for the Q2 2020 period, the Company said. iQSTEL, Inc. (OTC: IQST) Revenues Reach Estimated $4.4+ Million For August 2020, Giving Company Four Consecutive Months Surpassing $4.3 Million Apiece; Sales On Track In Q3 2020 To Beat Q2's Reported $11.2 Million.
iQSTEL, Inc. (OTC: IQST) Formula For Growth
The business model of iQSTEL, Inc. (OTC: IQST) is a combination of corporate growth and acquisitions plus achieving alliances with major players in the telecommunications world. As a result of its deep executive management team and selective acquisitions, all of its operating subsidiaries reached a major milestone going Net Income positive. Mr. Iglesias, CEO of iQSTEL, Inc. (OTC: IQST), said, "We look forward to fantastic Q3 and Q4's as we anticipate further corporate and subsidiary developments leading in to 2021." iQSTEL, Inc. (OTC: IQST) Revenues Reach Estimated $4.4+ Million For August 2020, Giving Company Four Consecutive Months Surpassing $4.3 Million Apiece; Sales On Track In Q3 2020 To Beat Q2's Reported $11.2 Million.
The company is also innovating with Internet of Things (IoT) products from subsidiary IoT Labs MX SAPI. This Internet of Things (IoT) company is the creator of the "IoT Smart Gas" platform and application. Additionally, its 75%-owned subsidiary itsBchain LLC has two significant projects for the telecommunications marketplace: a Mobile Number Portability Application (MNPA) App and Settlement and Payment Marketplace. Both position iQSTEL Inc. (OTC: IQST) and itsBchain LLC subsidiary for the worldwide telecommunications landscape.
iQSTEL, Inc. (OTC: IQST) Grows Its Subsidiaries
The parent company owns a 75% stake in blockchain subsidiary itsBchain LLC, iQSTEL Inc. (OTC: IQST) wholly owns Miami-based subsidiary, Etelix.com USA, LLC, an American-based 5G provider of Submarine Fiber Optic Network capacity for internet (4G and 5G). It owns 51% of SwissLink Carrier AG. SwissLink Carrier AG provides international VoIP connectivity worldwide and more. It owns 51% of QGlobal SMS LLC, a U.S.-based company which has international interconnection with Tier 1 SMS aggregators to more than 100 countries worldwide. It has acquired 51% of an Austin, Texas-based SMS U.S.-Mexico Service provider. Most recently it acquired IoT Labs MX SAPI. This Internet of Things (IoT) company is the creator of the "IoT Smart Gas" platform and application.
Source: Stock Market Press
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