iQSTEL Inc (IQST)

[adamski]

NEW YORK, March 4, 2021 /PRNewswire/ -- iQSTEL, Inc. (USOTC: IQST), an international provider of Telecom, Technology, Fintech and Blockchain solutions, today announced revenues of $4.8 million for January 2021 compared to $1.85 million in January 2020. January 2021 revenue is 258% higher than January 2020.

The iQSTEL revenue forecast for 2021 is $60.5 million. Management anticipates improving profit margins in 2021 in addition to growing revenues as iQSTEL consolidates its Telecom subsidiaries under a single brand name to improve marketing momentum and operating efficiencies. iQSTEL's revenue forecast for its Telecom Division is $55.1 million.

The additional $5.4 million of iQSTEL's $60.5 million revenue forecast is anticipated from the company's other growing, high margin business units including its Technology Division (IoT and Batteries for EV), Fintech Division (Visa Debit Card), Blockchain Division (MNPA).