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IQST - iQSTEL Announces $60 Million FY-2021 Revenue Forecast Expanding Fintech, Blockchain and IoT Offerings on $42 Million Telecom Foundation
NEW YORK, Jan. 4, 2021 /PRNewswire/ -- iQSTEL, Inc. (USOTC: IQST) today announced a $60.5 million revenue forecast for FY-2021. The 40% revenue growth target
About this update from Iqstel Inc.
[{"type":"text","content":"NEW YORK, Jan. 4, 2021 /PRNewswire/ -- iQSTEL, Inc. (USOTC: IQST) today announced a $60.5 million revenue forecast for FY-2021. The 40% revenue growth target is largely driven by the anticipated expansion of the company's new Fintech and IoT (Internet of Things) divisions launched in 2020. \nAfter announcing $39,725,507 in revenue through November 2020, Management expects FY-2020 revenues to exceed its $42 million FY-2020 revenue projection.\nHighlights of IQST's revenue growth potential include a recently announced Visa Prepaid Debit Card Service (PDCS) expected to generate estimated revenue over five years of $45 million to $128 million with an approximate EBITDA margin of 30% to 40%.\nFurther highlights include a recently announced agreement between Alternet Systems, Inc. (USOTC: ALYI), an electric vehicle (EV) innovator, and IQST's IoT Division to codevelop Internet of Things (IoT) two-way device communication solutions specific to the EV operating environment.\nIn light of the recent exponential market adoption and expansion of blockchain technologies reflected through the rapid appreciation of cryptocurrencies, IQST management also anticipates notable revenue contributions from its own itsBchain subsidiary (www.itsBchain.com), \nAbout iQSTEL Inc (Updated):\niQSTEL Inc (OTC: IQST) (www.iQSTEL.com) is a US-based publicly-listed company offering leading-edge Telecommunication, Technology and Fintech Services for Global Markets, with presence in 13 countries. The company provides services to the Telecommunications, Financial Services, Liquid Fuel Distribution and Electric Vehicle Industries. iQSTEL has 3 Business Divisions: Telecom, Technology and Fintech, with worldwide B2B and B2C customer relations operating through its subsidiaries: Etelix, SwissLink, QGlobal SMS, SMSDirectos, IoT Labs, itsBchain and Global Money One. The Company has an extensive portfolio of products and services for its clients: SMS, VoIP, 4G & 5G international infrastructure connectivity, Cloud-PBX, OmniChannel Marketing, IoT Smart Gas Platform, IoT Smart Electric Vehicle Platform, Mobile Number Portability Application MNPA (Blockchain), Settlement & Payments Marketplace (Blockchain), Visa Debit Card, Money Remittance, and Pay Mobile Phone Services among others.\nAbout Etelix.com USA LLC (iQSTEL´s Telecom Division):\nEtelix.com USA LLC (www.etelix.com) ...