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
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.
Media companies such as Stock Market Press are reporting on the fast growing telecommunications market. It keeps readers up to date on company stocks such as iQSTEL Inc. (OTC: IQST), amazon.com (NASDAQ: AMZN), Alphabet Inc. (NASDAQ: GOOGL), Apple Inc. (NASDAQ: AAPL), Telefónica SA (NYSE: TEF), Samsung Electronics Co. Ltd. (OTC: SSNLF), (Motorola Solutions, Inc. (NYSE: MSI), China Mobile Limited (NYSE: CHL),Verizon (NYSE: VZ), AT&T Inc. (NYSE: T), T-Mobile US (NASDAQ: TMUS),Ericsson (NASDAQ: ERIC), DISH Network Corporation (NASDAQ: DISH), Nokia Corporation (NYSE: NOK), Liberty Global (NASDAQ: LBTYA) and Vodafone Group PLC (NASDAQ: VOD).
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
Join Stock Market Press’ newsletter for the latest in IPO, market commentary and company profiles.
Stock Market Press is a financial news company that delivers up to date stock news, introduces private and public companies to a wide audience of investors, consumers, journalists and the general public via social media and a rapidly expanding network.
Contact:
Stock Market Press
110 Wall St.
New York, NY 10005 info@stockmarketpress.com
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 statements 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, in part, 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 Stock Market Press undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.
See Stock Market Press disclaimer: https://stockmarketpress.com/disclaimer/ SOURCE: Stock Market Press