<SEC-DOCUMENT>0001078782-21-000447.txt : 20210514
<SEC-HEADER>0001078782-21-000447.hdr.sgml : 20210514
<ACCEPTANCE-DATETIME>20210514172434
ACCESSION NUMBER:		0001078782-21-000447
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20210514
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20210514
DATE AS OF CHANGE:		20210514

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			iQSTEL Inc
		CENTRAL INDEX KEY:			0001527702
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
		IRS NUMBER:				452808620
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-55984
		FILM NUMBER:		21926171

	BUSINESS ADDRESS:	
		STREET 1:		300 ARAGON AVENUE, SUITE 375
		CITY:			CORAL GABLES
		STATE:			FL
		ZIP:			33134
		BUSINESS PHONE:		(954) 951-8191

	MAIL ADDRESS:	
		STREET 1:		300 ARAGON AVENUE, SUITE 375
		CITY:			CORAL GABLES
		STATE:			FL
		ZIP:			33134

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PURESNAX INTERNATIONAL, INC.
		DATE OF NAME CHANGE:	20151124

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PURE SNAX INTERNATIONAL, INC.
		DATE OF NAME CHANGE:	20150813

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	B-MAVEN, INC.
		DATE OF NAME CHANGE:	20110810
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>f8k051421_8k.htm
<DESCRIPTION>FORM 8K CURRENT REPORT
<TEXT>
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<TITLE>Form 8K Current Report</TITLE>
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<BODY>
<DIV style=margin-left:36pt;width:540pt><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>WASHINGTON, D.C. 20549</B><BR></P>
<P align=center style='font:12pt Times New Roman;margin:0'><B>FORM 8-K</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>CURRENT REPORT</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>PURSUANT TO SECTION 13 OR 15(d) OF</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>THE SECURITIES EXCHANGE ACT OF 1934</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'>Date of Report (Date of earliest event reported): May 14, 2021</P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:14pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'><B>iQSTEL</B><B> </B><B>Inc.</B></FONT></P>
<P align=center style='font:10pt Times New Roman;margin:0'>(Exact name of registrant as specified in its charter)</P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse;width:100%><TR style=height:7.2pt><TD valign=top style=width:37.22%><P align=center style='font:10pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'>Nevada</FONT></P>
</TD><TD valign=top style=width:32.86%><P align=center style='font:10pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'>000-55984</FONT></P>
</TD><TD valign=top style=width:29.92%><P align=center style='font:10pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'>45-2808620</FONT></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=top style=width:37.22%><P align=center style='font:10pt Times New Roman;margin:0'>(State or other jurisdiction of incorporation)</P>
</TD><TD valign=top style=width:32.86%><P align=center style='font:10pt Times New Roman;margin:0'>(Commission File Number)</P>
</TD><TD valign=top style=width:29.92%><P align=center style='font:10pt Times New Roman;margin:0'>(I.R.S. Employer Identification No.)</P>
</TD></TR>
</TABLE>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE style=border-collapse:collapse;width:100%><TR style=height:25.2pt><TD valign=top style=width:69.12%><P align=center style='font:10pt Times New Roman;margin:0'>300 Aragon Avenue, Suite 375</P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'>Coral Gables, FL 33134</FONT></P>
</TD><TD valign=top style=width:30.88%><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'>33134</FONT></P>
</TD></TR>
<TR style=height:14.85pt><TD valign=top style=width:69.12%><P align=center style='font:10pt Times New Roman;margin:0'>(Address of principal executive offices)</P>
</TD><TD valign=top style=width:30.88%><P align=center style='font:10pt Times New Roman;margin:0'>(Zip Code)</P>
</TD></TR>
</TABLE>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'>Registrant&#8217;s telephone number, including area code: <FONT style='border-bottom:1px solid #000000'>(954) 951-8191</FONT></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse><TR style=height:7.2pt><TD valign=top style=width:507.6pt><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'>________________________________________________</P>
<P align=center style='font:10pt Times New Roman;margin:0'>(Former name or former address, if changed since last report)</P>
</TD></TR>
</TABLE>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE style=border-collapse:collapse><TR><TD valign=top style=width:36pt><P style='font:10pt Times New Roman;margin:0'>[ &nbsp; ]</P>
</TD><TD valign=top style=width:484.2pt><P style='font:10pt Times New Roman;margin:0'>Written communications pursuant to Rule 425 under the Securities Act (17CFR 230.425)</P>
</TD></TR>
<TR><TD valign=top style=width:36pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:484.2pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top style=width:36pt><P style='font:10pt Times New Roman;margin:0'>[ &nbsp; ]</P>
</TD><TD valign=top style=width:484.2pt><P style='font:10pt Times New Roman;margin:0'>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
</TD></TR>
<TR><TD valign=top style=width:36pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:484.2pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top style=width:36pt><P style='font:10pt Times New Roman;margin:0'>[ &nbsp; ]</P>
</TD><TD valign=top style=width:484.2pt><P style='font:10pt Times New Roman;margin:0'>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
</TD></TR>
<TR><TD valign=top style=width:36pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:484.2pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top style=width:36pt><P style='font:10pt Times New Roman;margin:0'>[ &nbsp; ]</P>
</TD><TD valign=top style=width:484.2pt><P style='font:10pt Times New Roman;margin:0'>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
</TD></TR>
</TABLE>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</P>
<P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>Emerging growth company [ &nbsp;&nbsp;]</P>
<P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ &nbsp;&nbsp;]</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><B>SECTION 2 &#8211; FINANCIAL INFORMATION</B></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'><B>Item 2.02</B></KBD><KBD style=margin-left:72pt></KBD><B>Results of Operations and Financial Condition.</B>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>On May 14, 2021, we issued a shareholder letter announcing our revenues for the quarter ended March 31, 2021, and other matters.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The press release is furnished with this Current Report on Form 8-K as Exhibit 99.1. The information furnished under this Item 2.02 and Item 9.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be &#8220;filed&#8221; for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any registration statement or other filing under the Securities Act of 1933, as amended, regardless of any general incorporation by reference language in such filing, except as shall be expressly set forth by specific reference in any such filing.</P>
<P style='font:10pt Times New Roman;margin:0'><A name=jump_exp_6 />&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><B>SECTION 9 &#8211; FINANCIAL STATEMENTS AND EXHIBITS</B></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'><B>Item 9.01</B></KBD><KBD style=margin-left:72pt></KBD><B>Financial Statements and Exhibits. </B>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;text-indent:-72pt;margin-left:72pt'><B> </B>&nbsp;</P>
<TABLE style=border-collapse:collapse><TR><TD valign=top style=width:77.4pt><P style='font:10pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'><B>Exhibit</B><B> </B><B>No.</B></FONT></P>
</TD><TD valign=top style=width:413.5pt><P style='font:10pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'><B>Description</B></FONT></P>
</TD></TR>
<TR><TD valign=top style=width:77.4pt><P style='font:10pt Times New Roman;margin:0'><FONT style='color:#0000FF;border-bottom:1px solid #0000FF'><A href=f8k051421_ex99z1.htm style=text-decoration:none>99.1</A></FONT></P>
</TD><TD valign=top style=width:413.5pt><P style='font:10pt Times New Roman;margin:0'>Press release, dated May 14, 2021</P>
</TD></TR>
</TABLE>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>SIGNATURES</B></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><B>iQSTEL Inc.</B></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'> &nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'><I>/s/</I><I> </I><I>Leandro</I><I> </I><I>Iglesias</I></FONT></P>
<P style='font:10pt Times New Roman;margin:0'>Leandro Iglesias</P>
<P style='font:10pt Times New Roman;margin:0'>Chief Executive Officer</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>Date May 14, 2021</P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P align=center style='font:10pt Times New Roman;margin:0'>2</P>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>f8k051421_ex99z1.htm
<DESCRIPTION>EXHIBIT 99.1 PRESS RELEASE, DATED MAY 14, 2021
<TEXT>
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<TITLE>Exhibit 99.1 Press release, dated May 14, 2021</TITLE>
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<DIV style=margin-left:36pt;width:523.3pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B>IQST &#8211; iQSTEL Highlights Q1-FY2021 182% Revenue Growth On Track To $60.5 Million Annual Revenue Forecast In Letter To Shareholders</B></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>New York, NY &#8211; May 14, 2021 &#8211; iQSTEL, Inc. (USOTC: IQST) today released a letter to shareholders in conjunction with the publication of the company&#8217;s Q1-FY2021 financial report. The letter is included in its entirety below:</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>We issue this shareholder letter under the complicated economic environment resulting from Covid-19, but nevertheless, with much optimism.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The iQSTEL business plan of is going according to plan. Continuously improving operational performance is reflected in continuously improving financial performance.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Q1 has been an inflection point for iQSTEL. As forecasted, we achieved our forecasted Debt Free status (<FONT style='border-bottom:1px solid #000000'>https://www.prnewswire.com/news-releases/iqst--iqstel-eliminates-all-debt-in-form-of-notes-becoming-debt-free-company-301230065.html</FONT>), The impact is dramatic to both our current and future Balance Sheet, and the company&#8217;s Statements of Operations. </P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>The following are some of the highlights found on our Balance Sheet this 10Q Q1-FY2021 vs Q4-FY2020:</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:18pt'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'>1)</KBD><KBD style=margin-left:17.4pt></KBD>Cash and Cash Equivalents $3.032 Million vs $0.753 Million representing a 302% increase.&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:18pt'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:18pt'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'>2)</KBD><KBD style=margin-left:17.4pt></KBD>Total Assets: $8.168 Million vs $5.951 Million representing a 37% increase .&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:18pt'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:18pt'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'>3)</KBD><KBD style=margin-left:17.4pt></KBD>Total Liabilities: $6.808 Million vs $8.346 Million representing more than an 18% reduction.&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:18pt'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:18pt'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'>4)</KBD><KBD style=margin-left:17.4pt></KBD>Total Stockholder&#180; Equity: $1.359 Million vs ($2.395 Million) representing an increase of $3.754 Million taking the company from a deficit to a <FONT style='border-bottom:1px solid #000000'>surplus</FONT>.&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:18pt'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The following are some of the highlights found on our Statements of Operations this 10Q Q1-FY2021 vs Q1-FY2020:</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:18pt'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'>1)</KBD><KBD style=margin-left:17.4pt></KBD>Revenues: $14.197 Million vs $5.017 Million representing a 182% increase.&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:18pt'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:18pt'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'>2)</KBD><KBD style=margin-left:17.4pt></KBD>Net Loss: ($1.878 Million) vs ($3.909 Million) representing a $2.031 Million positive improvement.&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:18pt'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:18pt'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'>3)</KBD><KBD style=margin-left:17.4pt></KBD>Dilution Loss per common share: $0.01 vs $0.13 representing a 92% improvement.&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:18pt'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Of course, we still have room to improve, and every day the management team keeps focusing on increasing the company business value, reducing costs, reducing expenses, increasing profit, and increasing revenues, all at the same time.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>With the company surpassing the $13.9 Million estimated revenue forecast for Q1, to almost reach $14.2 Million in definitive revenue for Q1, the management team now confirms we are on track to accomplish our overall $60.5 Million revenue forecast this FY-2021.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>While we concede room for improvement as every operation has room for improvement, we modestly contend that our Q1 financial results indicate we are on the right track. The management team plans to close all gaps, no matter how small, and work toward the objective of achieving a consolidated break-even point for each of our Operating Subsidiaries and in turn, iQSTEL overall.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Our current cash position is allowing us to invest in all our operating subsidiaries, increasing their working capital, improving their profits, and developing new high margin products and services. </P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>As previously announced, in the coming Q2 we plan to launch:</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:18pt'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'>1)</KBD><KBD style=margin-left:17.4pt></KBD>The Mobile Number Portability Application MNPA (Blockchain Platform) - we are working now on the marketing material, and the final adjustments to the Mobile App.&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:18pt'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:18pt'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'>2)</KBD><KBD style=margin-left:17.4pt></KBD>The development of the IoTSmartTank for a 500 fortune client.&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:18pt'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:18pt'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:0pt'>3)</KBD><KBD style=margin-left:17.4pt></KBD>Our VisaDebitCard (VisaMoneyOne) for the EEUU market.&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:18pt'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>All these products and services have high potential revenue and margin, and are expected to generate monthly revenue streams with high margins for the company.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>At the same time, this Q2 we are working weekly with Modus/Alternet on our IoTSmartEv and our IQBatteriesEV for the Revolt Electric Motorcycles in accordance to the overall Revolt Ecosystem Plan for 2021.</P>
<HR style='border:0;height:0;width:0;margin:14pt 0 0 0'><P align=center style='font:10pt Times New Roman;margin:0'>1</P>
<HR style='page-break-after:always;border:0;height:3pt;background-color:#909090;margin:8pt 0'><P style=line-height:0;margin:0></P>
<P style='font:10pt Times New Roman;margin-top:0pt;margin-bottom:8pt'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>In addition to working on new products and new sources of revenues with high margins, we are also working on our M&amp;A Campaign for FY-2021. In conjunction with our M&amp;A efforts, we are working in a partnership with a fiber-optic network provider for 5G, that can serve more than 40 million direct and indirect customers as previously announced (<FONT style='border-bottom:1px solid #000000'>https://www.prnewswire.com/news-releases/iqst--iqstel-previews-network-carrier-partnership-that-could-accelerate-entry-into-700-billion-5g-market-301287506.html</FONT>).</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>High on our priority list is our intended Up-listing. We are working weekly on this goal and will keep you informed every step in that direction. For more detail information, please visit our website &#8220;home&#8221; section, and look for the blue button labeled &#8220;Up-Listing Path&#8221;.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>It is our intention to be as transparent as possible with our shareholders, clients, and vendors.</P>
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<P align=justify style='font:10pt Times New Roman;margin:0'>Toward that end, we will make every effort to keep our shareholders updated on a weekly basis with the most up-to-date information. We believe maintaining transparency as a priority is the best way to gain your confidence about what we are doing, when, and how it might impact all of us.</P>
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<P align=justify style='font:10pt Times New Roman;margin:0'>In a new effort to make our transparency even better, the company recently created our <FONT style=color:#030303;background-color:#F9F9F9>iQSTEL - IQST Official Channel on </FONT>YouTube (<FONT style='border-bottom:1px solid #000000'>https://www.youtube.com/channel/UCsaklYVEBqfDVOnDjZVYNxw</FONT>) and produced a couple of initial videos: 1) Company Overview, 2) Execution Plan 2021. The two videos explain our company, products and services and our execution plan.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>This YouTube official channel, complements all our overall Social Media presence. We want to invite all our shareholders to visit our website <FONT style='border-bottom:1px solid #000000'>www.iqstel.com</FONT>, we keep it updated, and specially review our &#8220;home&#8221;, &#8220;investors&#8221;, and &#8220;meet us&#8221; sections.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>In the &#8220;meet us&#8221; section we have intended to show all the ways you can communicate with the company to include calling our office number, calling IR investors, visiting our social media presence, sending an email, or even asking for a phone call, video conference or a meeting face to face. </P>
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<P align=justify style='font:10pt Times New Roman;margin:0'>On the website, you can find out in which countries we have a presence, and/or an office. If you want to meet us in one of our offices, please ask for a face to face meeting to arrange it.</P>
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<P align=justify style='font:10pt Times New Roman;margin:0'>To further improve our availability to shareholders, we plan to announce very soon our IQSTEL Quick Video Talk initiative, where the management is going to answer questions from our ambassadors. We invite you to become an ambassador in our &#8220;home&#8221; section on our Website. Look for the red button.</P>
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<P align=justify style='font:10pt Times New Roman;margin:0'>Our company is getting better every day. The management team is committed to executing on the vision, and is working hard every day to keep improving the company business value by continuously growing the business, developing new high margin products and services, and keeping the expenses and costs as low as possible, while at the same time, improving our business relations with all our customers. </P>
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<P align=justify style='font:10pt Times New Roman;margin:0'>Thanks to all our 19,000 shareholders, investors, partners, clients, and vendors for your support in this enterprise.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Warm regards from everyone on the iQSTEL management team.</P>
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<P align=justify style='font:10pt Times New Roman;margin:0'><B>About iQSTEL Inc.:</B></P>
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<P align=justify style='font:10pt Times New Roman;margin:0'>iQSTEL Inc (OTC: IQST) (<FONT style='border-bottom:1px solid #000000'>www.iQSTEL.com</FONT>) 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, Electric Vehicle (EV), Liquid Fuel Distribution, Chemical and Financial Services Industries. iQSTEL has 4 Business Divisions: Telecom, Technology, Fintech and Blockchain, with worldwide B2B and B2C customer relations operating through its subsidiaries: Etelix, SwissLink, QGlobal SMS, SMSDirectos, IoT Labs, Global Money One and itsBchain. The Company has an extensive portfolio of products and services for its clients: SMS, VoIP, 4G &amp; 5G international infrastructure connectivity, Cloud-PBX, OmniChannel Marketing, IoT Smart Electric Vehicle Platform, iQ Batteries for Electric Vehicles, IoT Smart Gas Platform, IoT Smart Tank Platform, Visa Debit Card, Money Remittance, Mobile Number Portability Application MNPA (Blockchain Platform) and Settlement &amp; Payments Marketplace (Blockchain Platform). </P>
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<P align=justify style='font:10pt Times New Roman;margin:0'>Safe Harbor Statement: Statements in this news release may be &quot;forward-looking statements&quot;. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements 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, in part, 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.</P>
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<P style='font:10pt Times New Roman;margin:0'><B>iQSTEL Inc.</B></P>
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<P style='font:10pt Times New Roman;margin:0'>IR US Phone: 646-740-0907, IR Email: <FONT style='border-bottom:1px solid #000000'>investors@iqstel.com</FONT></P>
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<P style='font:10pt Times New Roman;margin:0'>Source: iQSTEL Inc. and its subsidiaries: <FONT style='border-bottom:1px solid #000000'>www.iqstel.com</FONT> </P>
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