iQSTEL, Inc. Reduces Outstanding Share Count by Almost 50% with the Return of 20.8 Million Shares

NEW YORK, NY, April 02, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- iQSTEL Inc. (OTC: IQST) has completed a shareholder meeting with the original shareholders of Etelix and SwissLink in which both teams are returning a combined 20.8 Million shares.

Etelix and SwissLink have seen record growth under the guidance of iQSTEL. Management teams from both companies have long term commitments to iQSTEL and the future with 5G, IoT, domestic and international interconnects along with additional technologies and acquisitions.

Mr. Iglesias, the Company’s CEO, commented, “We are very pleased with the significant progress iQSTEL has made over the past few months. As our business plan continues to unfold, teams from both Etelix and SwissLink expressed their belief in iQSTEL’s direction and believe the best course of action is to further facilitate corporate growth with the return of these shares.”

This share return brings the Outstanding Share count to 24 Million.

About iQSTEL Inc.:

iQSTEL Inc. (OTC: IQST) www.iQSTEL.com  is a Publicly Listed Company in US. iQSTEL is a leading-edge 21st Century Enhanced Telecommunications Service Provider offering a wide range of cloud-based enhanced services to the Tier-1 and Tier-2 carriers, enterprise market, as well as the retail market. iQSTEL through its subsidiaries (www.etelix.com ; www.SwissLink-Carrier.com ; www.QglobalSMS.com ; www.itsBchain.com)  offers a “one-stop-shop” for international and domestic VoIP services, SMS exchange for A2P and P2P, Internet of Things (IoT) applications, 4G & 5G international infrastructure connectivity, as well as blockchain-based payment and phone number mobility platforms to international and domestic Tier-1 carrier for VoIP, SMS, and Data.

About Etelix.com USA, LLC

Etelix.com USA LLC www.etelix.com is wholly owned subsidiary of iQSTEL Inc. Etelix.com USA, LLC is a Miami, Florida-based international telecom carrier founded in 2008 that provides telecom and technology solutions worldwide, with commercial presence in North America, Latin America, and Europe. Enabled by its 214-license granted by the Federal Communications Commission (FCC), Etelix provides International Long-Distance voice services for Telecommunications Operators (ILD Wholesale), and Submarine Fiber Optic Network capacity for internet (4G and 5G). Etelix was founded in 2008 and has been profitable since inception.