iQSTEL Starts Off Q3 With $4.3M in July Revenues, a 290% Increase Over 2019, Expects to Surpass 2020 Q2 Revenues of $11.1M

NEW YORK, NY, Aug. 18, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- iQSTEL Inc. (OTC: IQST), a leading-edge 21st Century Enhanced Telecommunications Service Provider, is pleased to provide shareholders with the consolidated July 2020 revenues of $4.3M.

iQSTEL parent and subsidiary companies Q2 revenues jump 290% compared to July 2019’s revenues of $1.17M, reaching $4.3M.

The SMS market continues to grow at an impressive rate. According to Grandview Research, the US SMS market alone is expected to eclipse $12B by 2025, an increase of around 150% compared to 2020.

“Our July numbers have us on track to surpass the just released Q2 figures. Everyone has been working hard over the past few months; the net result has been record month after record month. In addition, we continue to work with our debt holders to mitigate conversion as we’ve recently announced. We’ll have further updates in the near term,” concluded Mr. Iglesias.

About iQSTEL Inc.:

iQSTEL Inc (OTC: IQST) www.iQSTEL.com is a US-based publicly listed company offering leading-edge 21st Century Enhanced Telecommunications Services with a focus on a wide range of cloud-based enhanced services to the Tier-1 and Tier-2 carriers, corporate, enterprise, as well as the retail market. iQSTEL through its subsidiaries Etelix, SwissLink, QGlobal SMS, SMSDirectos, IoT Labs, IoT Smart Gas Platform, itsBchain offers a "one-stop-shopping” for international and domestic VoIP services, IP-PBX services, SMS exchange for A2P and P2P, OmniChannel Marketing, Internet of Things (IoT) applications (IoT Smart Gas Platform), 4G & 5G international infrastructure connectivity, as well as blockchain-based platforms: Mobile Number Portability Application (MNPA) and Settlement & Payments Marketplace for VoIP, SMS and Data.

About Etelix.com USA, LLC:

Etelix.com USA LLC www.etelix.com is a 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.