IQST – iQSTEL
Reminds Shareholders To Get Their Votes In Before Annual Meeting
Next Week On January 31, 2023
New
York, NY -- January 26, 2023 -- InvestorsHub NewsWire --
iQSTEL, Inc. (OTCQX:
IQST) today issued a reminder to all shareholders to vote in
advance of the upcoming annual shareholder meeting scheduled for
January 31, 2023, at 11 am (EDT).
iQSTEL's
2022 operational performance was the best ever in the company's
history having exceeded its $90 million revenue forecast and
reaching profitability an entire quarter ahead of
schedule.
Management
expects 2023 to be even better despite challenging economic
indicators and wants to hear shareholders thoughts on how the
company can further bolster itself against economic conditions and
stretch itself to go even further.
FY-2023
OBJECTIVES:
About
the Company:
-
Estimated FY-2023 revenue
forecast of $105 Million.
-
Estimated FY-2023 year-end
consolidated positive net income of over $1 million.
-
The Telecom Division,
Internet of Things (IoT) Business Line, Fintech Division, and
Electric Vehicle Division will establish revenue and profit by year
end.
-
The Telecom Business will be
reorganized and rebranded for easy customer recall.
-
The company will release a
new Fintech product with more features this year. The company will
also discontinue its plan to implement a buy/sell crypto
functionality in light of current crypto exchange market
conditions.
-
Our Electric Vehicle
division will perform a rebranding with plans to manufacture two
batches of motorcycles for EU and USA this year.
-
The company M&A campaign
will continue targeting opportunities to rapidly increases revenue
and profit.
About
the Stock Market:
-
The upcoming annual
shareholder meeting will emphasize our commitment to engaging
shareholders in an ever-closer relationship.
-
The company will continue
its dual listing efforts in order to gain attention for more
international investors.
-
At the same time, we will
keep the preparations for a Nasdaq up-listing once market
conditions improve and can potentially facilitate an organic
increase in iQSTEL's share price to meet minimum listing
standards.
These
objectives are challenging but the Company, Independent Board of
Directors, Management, and Employees are ready and focus on the
achievement of them.
Management
is encouraging shareholder activism and
invites shareholders to introduce any other business to be
brought before
the annual meeting for consideration.
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 investors@iqstel.com.
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.
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). 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.
iQSTEL
Inc.
IR US Phone:
646-740-0907
IR
Email: investors@iqstel.com
