Metrospaces Inc (MSPC)

[Stonemonsta]

https://globenewswire.com/news-release/2018/02/26/1387387/0/en/Metrospaces-Announces-Record-January-Revenue-of-642-548-for-Etelix.html

We are projecting to reach a level of $1,000,000 in monthly revenue by the second half of this year, allowing us to reach a base-case projected $10.2M-12M in revenue for 2018. This would represent a 30-40% YOY revenue growth. The opening of our Spain office has made our sales effort in Asia very productive by bringing in new clients and enhancing our existing relationship with major Asian carriers such as Reliance Communications and Axistel. We are currently in the process of sourcing new debt financing, as our business growth is very capital intensive. We believe that if we are able to conclude the optimist range of amount regarding a few business debt lines of credit we are in current negotiations with, our revenue growth rate could be closer to 60-65% % for 2018. In 2017 management, thanks in part to 3rd party business lines of credit obtained, was able to achieve the optimistic forecast. We have a lot of work to do with respect to execution, but we 2017 was proof that we are able to meet our most optimistic case scenarios. We look for 2018 to be a repeat performance of 2017. With these results, the company would potentially be able to position itself for an eventual uptick to the NASDAQ Small Cap or OTCQX.”