New York, NY, Jan. 17, 2023 (GLOBE NEWSWIRE) -- iQSTEL, Inc. (OTCQX: IQST) today announced shareholders are now able to cast their proxy votes in advance of the annual shareholder meeting scheduled for January 31, 2023, at 11 am (EDT). An email and printed proxy cards have been sent to all shareholders of record with instructions on how to vote online or by mail.
If you did not receive an email with the voting instructions and believe you have, please email investors@iqstel.com.
The company has filed a Definitive Proxy Statement for shareholders to elect directors and ratify the company’s independent registered public accounting firm. The Proxy also facilitates the introduction of any other business to be brought before the annual meeting for consideration.
Management is encouraging shareholder activism and invites shareholders to introduce any other business to be brought before the annual meeting for consideration.
“I am so pleased with iQSTEL’s performance in 2022,” said CEO Leandro Iglesias. “We achieved our 2022 $90 million annual revenue forecast (based on preliminary accounting) before year-end in addition to posting our first quarter with profit (Q3-2022) ahead of schedule. Management believes the company is a solid and viable candidate for an up-listing to Nasdaq in 2023. We further believe the company’s recent share price performance reflects the market’s overall performance and not solely iQSTEL’s performance. We remain optimistic that the company’s 2022 performance is far from yet being realized in the company’s share price.”
Mr. Iglesias added, “we recognize that the more than 18,000 iQSTEL shareholders are a tremendous resource and we encourage all shareholders to execute their vote to include introducing any other business to be brought before the annual meeting for consideration.”
In advance of the upcoming annual shareholder meeting, the company recently published a letter to shareholders from the CEO discussing iQSTEL’s $105 million 2023 revenue forecast, plans to further increase profitability after posting its first profits in Q3 2022, and the latest progress toward the company’s intended Nasdaq up-listing.
All information related to our first shareholders' meeting and our proxy vote is available on our website (https://www.iqstel.com/investors/shareholdersmeeting). The company will respond to all information inquiries emailed to its Investor Relations email, investors@iqstel.com.
About iQSTEL Inc.:
iQSTEL Inc. (OTCQX: IQST) (www.iQSTEL.com) is a US-based publicly listed company holding an Independent Board of Directors and Audit Committee with a presence in 19 countries and 70 employees offering leading-edge services through its four business lines. The Telecom Division (www.iqstelecom.com), which represents the majority of current operations, offers VoIP, SMS, proprietary Internet of Things (IoT) solutions, and international fiber-optic connectivity through its subsidiaries: Etelix, SwissLink, Smartbiz, Whisl, IoT Labs, and QGlobal SMS. The Fintech business line (www.globalmoneyone.com) (www.maxmo.vip) offers a complete Fintech ecosystem MasterCard Debit Card, US Bank Account (No SSN Needed), Mobile App/Wallet (Remittances, Mobile Top Up, Buy/Sell Crypto). Our Fintech subsidiary, Global Money One, is to provide immigrants access to reliable financial services that make it easier to manage their money and stay connected with their families back home. The BlockChain Platform Business Line (www.itsbchain.com) offers our proprietary Mobile Number Portability Application (MNPA) to serve the in-country portability needs through its subsidiary, itsBchain. The Electric Vehicle (EV) Business Line (www.evoss.net) offers electric motorcycles to work and have fun in the USA, Spain, Portugal, Panama, Colombia, and Venezuela. EVOSS is also working on the development of an EV Mid Speed Car to serve the niche of the 2nd car in the family.
Safe Harbor Statement: Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions, or any other information relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates, and projections about our business based partly on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual outcomes and results may and are likely to differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release, and iQSTEL Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release. This press release does not constitute a public offer of any securities for sale. Any securities offered privately will not be or have not been registered under the Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
iQSTEL Inc.
IR US Phone: 646-740-0907
IR Email: investors@iqstel.com
