Draft:IQSTEL, Inc.

iQSTEL Inc.

Type: Public Traded as: OTC-QX: IQST Industry: Telecommunications, Fintech, Electric Vehicles, AI-Enhanced Metaverse Founded: 2018 Headquarters: New York, USA Key People: Leandro Iglesias (CEO), Alvaro Quintana (CFO) Revenue: $140 million (2023) Website: www.iqstel.com

Overview: iQSTEL Inc. is a US-based multinational company that operates in the telecommunications, fintech, electric vehicles, and AI-enhanced metaverse sectors. Listed on the OTCQX market under the ticker symbol IQST, iQSTEL is preparing for a Nasdaq uplisting. The company reported a 50% increase in revenue in 2023, reaching $140 million​​​​.

History: Founded in 2018, iQSTEL has grown through a combination of organic growth and strategic acquisitions. Since its inception, the company has completed 10 acquisitions, including notable telecom companies such as Etelix, SwissLink, and Qglobal SMS. In 2024, iQSTEL acquired a 51% stake in QXTEL, further expanding its international reach​​​​​​.

Business Divisions:

Telecommunications: Provides VoIP, SMS, international fiber-optic services, and proprietary Internet of Things (IoT) solutions. Developed a proprietary mobile portability blockchain platform. Major subsidiaries include Etelix, SwissLink, and Qglobal SMS​​​​​​.

Fintech: Offers financial services such as remittance services, top-up services, and a MasterCard debit card. Provides a US bank account without requiring a Social Security Number. A mobile app is available for banking services​​​​.

Electric Vehicles: Produces electric motorcycles and plans to launch mid-speed electric cars. Brands include Evoss and TuVolten, targeting markets in the US and Spain​​​​​​. AI-Enhanced Metaverse:

Offers an AI-enhanced metaverse platform for events, workplace training, video streaming, and more. Focuses on providing an immersive virtual 3D interface for various services​​​​​​.

Key Metrics: Daily revenue: Approximately $700,000 Weekly gross margin: Approximately $160,000 Revenue per share (RPS) is expected to increase by 75% from $0.81 in 2023 to $1.40 in 2024​​​​. Strategic Goals:

iQSTEL aims to become one of the top 10 wholesale telecommunications service providers globally. The company's strategic acquisition of QXTEL is a significant step towards achieving this goal, propelling it towards a quarter-billion dollars in annual revenue with $3 million in operating income​​​​​​.

Corporate Governance: iQSTEL meets all corporate governance requirements for Nasdaq listing, including having an independent board of directors, audit committee, ethics committee, and compensation committee​​​​.

Future Outlook: iQSTEL continues to pursue growth through both organic expansion and acquisitions. The company has a robust pipeline of potential acquisitions and plans to leverage its enhanced telecommunications division to support its fintech, electric vehicle, and AI-enhanced metaverse initiatives​​​​.

References: iQSTEL Inc. (OTC-QX: IQST) - 2023 Annual Revenue Report: Source: IQST_JAN_11_2024_PR_DRAFT iQSTEL Inc. (OTC-QX: IQST) - Acquisition of QXTEL: Source: IQSTEL PLAN 2024 Jan 10, 2024, VFinal iQSTEL Inc. Annual Meeting Presentation: Source: iQSTEL Inc. Annual Meeting plain doc