IQST - iQSTEL Confirms $105M 2023 Revenue Forecast, Profitability EOY and Nasdaq Up Listing Plans with EV Rebranding and New Fintech Product On The Horizon
New York, NY, Jan. 24, 2023 (GLOBE NEWSWIRE) -- iQSTEL, Inc. (OTCQX: IQST) today announced the company’s Independent Board of Directors have approved management’s 2023 business plans and objectives ahead of the upcoming annual shareholder meeting scheduled for January 31, 2023, at 11 am (EDT).
In advance of the annual shareholder meeting next week, iQSTEL has today published a summary of the company’s 2022 achievements and 2023 objectives.
“iQSTEL’s 2022 operational performance was the best ever in the company’s history,” said CEO Leandro Iglesias. “Nevertheless, the overall economic headwinds, in my opinion, overwhelmed the potential for iQSTEL’s share price performance in 2022 to reflect iQSTEL’s operational performance. iQSTEL is not alone, several huge companies have suffered the same stock drop. While I am confident the global economy will rebound, in the meantime the war in Ukraine continues, inflation continues, economic growth staggers and pre Covid-19 GDP levels have yet to be restored. iQSTEL operations in 2022 did not relent in the face of a difficult economy and I am confident the company will continue to deliver on its objectives in 2023 as well, no matter what comes our way. I firmly believe the iQSTEL share price will eventually reflect our as of yet overlooked and ongoing extraordinary operational performance.”
2022 Performance Summary By Division -
Telecom and IoT Division:
Blockchain Platform Division:
Electric Vehicle Division:
About the Company:
About the Stock Market:
These objectives are challenging but the Company, Independent Board of Directors, Management, Employees are ready and focus on the achievement of them.
At last, Shareholders are now able to cast their proxy votes in advance of the annual shareholder meeting scheduled for January 31, 2023, at 11 am (EDT), for more information visit www.iqstel.com/investors. An email and printed proxy cards have been sent to all shareholders of record with instructions on how to vote online or by mail.
If you did not receive an email or post mail with the voting instructions and believe you have, please email [email protected].
The company has filed a Definitive Proxy Statement for shareholders to elect directors and ratify the company’s independent registered public accounting firm. The Proxy also facilitates the introduction of any other business to be brought before the annual meeting for consideration.
Management is encouraging shareholder activism and invites shareholders to introduce any other business to be brought before the annual meeting for consideration.
About iQSTEL Inc.:
iQSTEL Inc. (OTCQX: IQST) (www.iQSTEL.com) is a US-based publicly listed company holding an Independent Board of Directors and Audit Committee with a presence in 19 countries and 70 employees offering leading-edge services through its four business lines. The Telecom Division (www.iqstelecom.com), which represents the majority of current operations, offers VoIP, SMS, proprietary Internet of Things (IoT) solutions, and international fiber-optic connectivity through its subsidiaries: Etelix, SwissLink, Smartbiz, Whisl, IoT Labs, and QGlobal SMS. The Fintech business line (www.globalmoneyone.com) (www.maxmo.vip) offers a complete Fintech ecosystem MasterCard Debit Card, US Bank Account (No SSN Needed), Mobile App/Wallet (Remittances, Mobile Top Up, Buy/Sell Crypto). Our Fintech subsidiary, Global Money One, is to provide immigrants access to reliable financial services that make it easier to manage their money and stay connected with their families back home. The BlockChain Platform Business Line (www.itsbchain.com) offers our proprietary Mobile Number Portability Application (MNPA) to serve the in-country portability needs through its subsidiary, itsBchain. The Electric Vehicle (EV) Business Line (www.evoss.net) offers electric motorcycles to work and have fun in the USA, Spain, Portugal, Panama, Colombia, and Venezuela. EVOSS is also working on the development of an EV Mid Speed Car to serve the niche of the 2nd car in the family.
Safe Harbor Statement: Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other information relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates, and projections about our business based partly on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may and are likely to differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release, and iQSTEL Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release. This press release does not constitute a public offer of any securities for sale. Any securities offered privately will not be or have not been registered under the Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
IR US Phone: 646-740-0907
IR Email: [email protected]
Improving Back-office Efficiency to Grow Your Business
Networking Purpose Built for MSPs