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IQST – iQSTEL Announces 3 Target Acquisitions Expected To Close Next Month
New York, NY, March 24, 2022 (GLOBE NEWSWIRE) -- iQSTEL, Inc. (OTCQX: IQST) today announced the company expects to close three acquisitions prior to the end
About this update from Iqstel Inc.
[{"type":"text","content":"New York, NY, March 24, 2022 (GLOBE NEWSWIRE) -- iQSTEL, Inc. (OTCQX: IQST) today announced the company expects to close three acquisitions prior to the end of April 2022. CEO Leandro Iglesias has issued a update today as part of his regular series of updates detailing the company’s ongoing progress toward its $90 million 2022 annual revenue forecast and uplisting to Nasdaq in the first half of this year. The update is included in its entirety below: Dear Shareholders: The first fiscal quarter of 2022 is drawing to a conclusion and in spite of the prevailing market conditions and world events, I am pleased to share that iQSTEL is well on track to achieve its 2022 objectives. Nothing is standing in the way of our $90 million 2022 annual revenue forecast or Nasdaq uplisting. Permit me to share some highlights. Our new electric vehicle program is really gaining traction. Our dealer evaluation program is underway and our EVOSS EV Motorcycle is winning hearts and minds. The feedback on the bike’s look and feel and performance is all positive. Dealers are responding enthusiastically overall. Our opportunity for the EVOSS EV Motorcycle is already growing beyond Latin America. We had a dealer from Nigeria come to evaluate the EVOSS EV Motorcycle in Miami. The interest was high. Nigeria is a country with more than 200 million people and is an overall good fit for our EVOSS EV Motorcycle. On the Fintech front, I am proud to announce the launch of our MAXMO product. MAXMO is the first product in our coming line of Global Money One products. Learn more about MAXMO from our digital brochure in our Global Money One Official Channel on YouTube: https://bit.ly/IQST-MAXMO We are in the home stretch of developing an instrumental partnership in Latin America for our MAXMO product that alone might guarantee we reach our 2022 end user and revenue forecast for our Fintech business line. Our Fintech product line is one of iQSTEL’s primary strategies over the next 5 years expected to capture over $100 million in revenue with an estimated 30% profit margin. I have mentioned before that our M&A efforts are ongoing, and they have continued with little fanfare until today. Now, I am pleased to announce that we expect to finalize and close three acquisitions prior to April 30, 2022. Look for more details as the closing date approaches. Finally, following up...