iQSTEL, Inc. (OTC: IQST) Volume Hits Estimated $4.4+ Million For August 2020, Skyrocketed 218% Over 2019; Reaches $8.7 Million For July And August This Year Combined As Company Forecasts Q3 Sales On Track To Beat Its Q2 $11.2 Million Mark

Summary

• iQSTEL, Inc. (OTC: IQST) Volume Hits Estimated $4.4+ Million For August 2020, Skyrocketed 218% Over 2019; Reaches $8.7 Million For July And August Combined This Year As Company Forecasts Q3.

Growing by subsidiary acquisition and generic increases, 21st Century enhanced telecommunications firm iQSTEL, Inc. (OTC: IQST) today (September 15, 2020) announces its volume skyrocketed 218% to estimated $4.4+ Million In August 2020 compared to $1,395,914 in August 2019. That rise in August, combined with the prior month, means that its sales combined in July and August this year of $8,780,000 so far this year is on track in Q3 to surpass its Q2 $11.2 million in revenues.

Media companies such as Stock Market Press are reporting on the fast growing telecommunications market. It keeps readers up to date on company stocks such as iQSTEL Inc. (OTC: IQST), amazon.com (NASDAQ: AMZN), Alphabet Inc. (NASDAQ: GOOGL), Apple Inc. (NASDAQ: AAPL), Telefónica SA (NYSE: TEF), Samsung Electronics Co. Ltd. (OTC: SSNLF), (Motorola Solutions, Inc. (NYSE: MSI), China Mobile Limited (NYSE: CHL),Verizon (NYSE: VZ), AT&T Inc. (NYSE: T), T-Mobile US (NASDAQ: TMUS),Ericsson (NASDAQ: ERIC), DISH Network Corporation (NASDAQ: DISH), Nokia Corporation (NYSE: NOK), Liberty Global (NASDAQ: LBTYA) and Vodafone Group PLC (NASDAQ: VOD).

iQSTEL, Inc. (OTC: IQST) Volume Hits Estimated $4.4+ Million For August 2020, Skyrocketed 218% Over 2019; Reaches $8.7 Million For July And August Combined This Year As Company Forecasts Q3 Sales On Track To Beat Its Q2 $11.2 Million Mark

The financial results for August continue iQSTEL, Inc.'s (OTC: IQST) gains in 2020 as the Company grows and is well positioned for a 5G global telecommunications market. Mr. Iglesias, CEO of iQSTEL, Inc. (OTC: IQST), said, “These preliminary August numbers mean we are now on our 4th consecutive month generating revenues over $4.3 Million (May, June, July and August). The iQSTEL family continues to impress the telecommunications market, creating a strong brand and global presence.” iQSTEL, Inc. (OTC: IQST) Volume Hits Estimated $4.4+ Million For August, 2020, Skyrocketed 218% Over 2019; Reaches $8.7 Million For July And August Combined This Year As Company Forecasts Q3 Sales On Track To Beat Its Q2 $11.2 Million Mark.

Growth Strategy Pays Off For iQSTEL, Inc.’s (OTC: IQST) Financial Growth In 2020

iQSTEL, Inc. (OTC: IQST) reported for first half YTD 2020 revenues of $16.1 million, a 90% increase from sales of $8.4 million the comparable period the prior year. In net income, the Company reported $1.2+ million for Q2 2020, a 362% jump from $484 million the comparable period in 2019. Every operating subsidiary — such as Etelix, SwissLink, QGlobal and IoT Labs — showed a positive net income for the Q2 2020 period, the Company said.

Mr. Iglesias, CEO of iQSTEL, Inc. (OTC: IQST), said, “Further proof that our business model, a combination of corporate growth and acquisitions, is working very well. All of our operating subsidiaries just reached a major milestone, going Net Income positive. Our management experience in Telecom Operations has been key in the achievement of these results. We look forward to fantastic Q3 and Q4’s as we anticipate further corporate and subsidiary developments leading in to 2021.” iQSTEL, Inc. (OTC: IQST) Volume Hits Estimated $4.4+ Million For August 2020, Skyrocketed 218% Over 2019; Reaches $8.7 Million For July And August Combined This Year As Company Forecasts Q3 Sales On Track To Beat Its Q2 $11.2 Million Mark.

The company has focused on a winning strategy of growing by strategic acquisition, organic increases and by forming alliances with important telecommunications providers worldwide. It is also innovating with Internet of Things (IoT) products from subsidiary IoT Labs MX SAPI. This Internet of Things (IoT) company is the creator of the “IoT Smart Gas” platform and application.

iQSTEL, Inc.’s (OTC: IQST) 75%-owned subsidiary itsBchain LLC also has two significant projects for the telecommunications marketplace: a Mobile Number Portability Application (OTC:MNPA) App and Settlement and Payment Marketplace. Both position iQSTEL Inc. (OTC: IQST) and itsBchain LLC subsidiary for the worldwide telecommunications landscape of the near future. iQSTEL, Inc. (OTC: IQST) Volume Hits Estimated $4.4+ Million For August 2020, Skyrocketed 218% Over 2019; Reaches $8.7 Million For July And August Combined This Year As Company Forecasts Q3 Sales On Track To Beat Its Q2 $11.2 Million Mark.

iQSTEL, Inc. (OTC: IQST) Grows Its Subsidiaries

The parent company owns a 75% stake in blockchain subsidiary itsBchain LLC, iQSTEL Inc. (OTC: IQST) wholly owns Miami-based subsidiary, Etelix.com USA, LLC, an American-based 5G provider of Submarine Fiber Optic Network capacity for internet (4G and 5G). It owns 51% of SwissLink Carrier AG. SwissLink Carrier AG provides international VoIP connectivity worldwide and more. It owns 51% of QGlobal SMS LLC, a U.S.-based company which has international interconnection with Tier 1 SMS aggregators to more than 100 countries worldwide. It has acquired 51% of an Austin, Texas-based SMS U.S.-Mexico Service provider. Most recently it acquired IoT Labs MX SAPI. This Internet of Things (IoT) company is the creator of the “IoT Smart Gas” platform and application.