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McapMediaWire - iQSTEL, Inc. (OTCQX: IQST ) today issued a reminder toall shareholders to vote in advance of the upcoming annual shareholdermeeting scheduled for January 31, 2023, at 11 am (EDT).
iQSTEL’s 2022operational performance was the best ever in the company’s historyhaving exceeded its $90 million revenue forecast and reachingprofitability an entire quarter ahead of schedule. Management expects2023 to be even better despite challenging economic indicators andwants to hear shareholders thoughts on how the company can furtherbolster itself against economic conditions and stretch itself to goeven further.
FY-2023 OBJECTIVES:
About the Company:
- Estimated FY-2023 revenue forecast of $105Million.
- Estimated FY-2023 year-end consolidated positive netincome of over $1 million.
- The Telecom Division, Internet ofThings (IoT) Business Line, Fintech Division, and Electric VehicleDivision will establish revenue and profit by year end.
- TheTelecom Business will be reorganized and rebranded for easy customerrecall.
- The company will release a new Fintech product withmore features this year. The company will also discontinue its plan toimplement a buy/sell crypto functionality in light of current cryptoexchange market conditions.
- Our Electric Vehicle division willperform a rebranding with plans to manufacture two batches ofmotorcycles for EU and USA this year.
- The company M&Acampaign will continue targeting opportunities to rapidly increasesrevenue and profit.
About theStock Market:
- The upcoming annualshareholder meeting will emphasize our commitment to engagingshareholders in an ever-closer relationship.
- The company willcontinue its dual listing efforts in order to gain attention for moreinternational investors.
- At the same time, we will keep thepreparations for a Nasdaq up-listing once market conditions improveand can potentially facilitate an organic increase in iQSTEL’s shareprice to meet minimum listing standards.
These objectives arechallenging but the Company, Independent Board of Directors,Management, and Employees are ready and focus on the achievement ofthem.
Managementis encouraging shareholder activism and invites shareholders tointroduce any other business to be brought before the annualmeeting for consideration.
Shareholders are now able to cast their proxy votesin 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 ofrecord with instructions on how to vote online or by mail.
If you did not receivean email or post mail with the voting instructions and believe youhave, please email investors@iqstel.com .
The company has filed a DefinitiveProxy Statement for shareholders to elect directors and ratifythe company’s independent registered public accounting firm. TheProxy also facilitates the introduction of any other business to bebrought before the annual meeting for consideration.
About iQSTELInc.:
iQSTELInc. (OTCQX: IQST) ( www.iQSTEL.com )is a US-based publicly listed company holding an Independent Board ofDirectors and Audit Committee with a presence in 19 countries and 70employees offering leading-edge services through its four businesslines. The Telecom Division (www.iqstelecom.com), which represents themajority of current operations, offers VoIP, SMS, proprietary Internetof Things (IoT) solutions, and international fiber-optic connectivitythrough its subsidiaries: Etelix, SwissLink, Smartbiz, Whisl, IoTLabs, and QGlobal SMS. The Fintech business line ( www.globalmoneyone.com )( www.maxmo.vip )offers a complete Fintech ecosystem MasterCard Debit Card, US BankAccount (No SSN Needed), Mobile App/Wallet (Remittances, Mobile TopUp). Our Fintech subsidiary, Global Money One, is to provideimmigrants access to reliable financial services that make it easierto manage their money and stay connected with their families backhome. The BlockChain Platform Business Line ( www.itsbchain.com )offers our proprietary Mobile Number Portability Application (MNPA) toserve 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 onthe development of an EV Mid Speed Car to serve the niche of the 2ndcar in the family.
Safe Harbor Statement: Statements in this news release may be"forward-looking statements". Forward-looking statementsinclude, but are not limited to, statements that express ourintentions, beliefs, expectations, strategies, predictions, or anyother information relating to our future activities or other futureevents or conditions. These statements are based on currentexpectations, estimates, and projections about our business basedpartly on assumptions made by management. These statements are notguarantees of future performance and involve risks, uncertainties, andassumptions that are difficult to predict. Therefore, actual outcomesand results may and are likely to differ materially from what isexpressed or forecasted in forward-looking statements due to numerousfactors. Any forward-looking statements speak only as of the date ofthis news release, and iQSTEL Inc. undertakes no obligation to updateany forward-looking statement to reflect events or circumstances afterthe date of this news release. This press release does not constitutea public offer of any securities for sale. Any securities offeredprivately will not be or have not been registered under the Act andmay not be offered or sold in the United States absent registration oran applicable exemption from registration requirements.
iQSTEL Inc.
IR US Phone:646-740-0907
IR Email: investors@iqstel.com
ContactDetails
iQSTEL Inc.
Leandro Iglesias
+1646-740-0907
CompanyWebsite
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