<SEC-DOCUMENT>0001078782-21-000690.txt : 20210721
<SEC-HEADER>0001078782-21-000690.hdr.sgml : 20210721
<ACCEPTANCE-DATETIME>20210720173946
ACCESSION NUMBER:		0001078782-21-000690
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20210714
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20210721
DATE AS OF CHANGE:		20210720

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:		211102055

	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>f8k071421_8k.htm
<DESCRIPTION>FORM 8K CURRENT REPORT
<TEXT>
<HTML>
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<HEAD>
<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></P>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</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):<B> July 14, 2021</B></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 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><TR style=height:7.2pt><TD valign=bottom style='width:191.6pt;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><B>Nevada</B></P>
</TD><TD valign=bottom style=width:17pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='width:126.4pt;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><B>000-55984</B></P>
</TD><TD valign=bottom style=width:14pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='width:161.05pt;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><B>45-2808620</B></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=top style=width:191.6pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>(State or other jurisdiction of incorporation)</P>
</TD><TD valign=top style=width:17pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=top style=width:126.4pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>(Commission File Number)</P>
</TD><TD valign=top style=width:14pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=top style=width:161.05pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>(I.R.S. Employer Identification No.)</P>
</TD></TR>
</TABLE>
<P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse><TR style=height:7.2pt><TD valign=bottom style=width:279pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><B>300 Aragon Avenue, Suite 375</B></P>
</TD><TD valign=bottom style=width:14pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style=width:60pt><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=bottom style='width:279pt;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><B>Coral Gables, FL 33134</B></P>
</TD><TD valign=bottom style=width:14pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=bottom style='width:60pt;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'><B>33134</B></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=width:279pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>(Address of principal executive offices)</P>
</TD><TD valign=middle style=width:14pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=middle style=width:60pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>(Zip Code)</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=middle style=width:279pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD><TD valign=middle style=width:14pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:60pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD colspan=3 valign=top style=width:353pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>Registrant&#8217;s telephone number, including area code: <FONT style='border-bottom:1px solid #000000'>(954) 951-8191</FONT></P>
</TD></TR>
<TR style=height:7.2pt><TD colspan=3 valign=top style=width:353pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD colspan=3 valign=top style='width:353pt;border-bottom:0.5pt solid #000000'><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>&nbsp;</P>
</TD></TR>
<TR style=height:7.2pt><TD colspan=3 valign=top style=width:353pt><P align=center style='font:10pt Times New Roman;margin:0;color:#000000'>(Former name or former address, if changed since last report)</P>
</TD></TR>
</TABLE>
<P align=center 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 align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:27pt'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-27pt'>[ &nbsp; ] </KBD>Written communications pursuant to Rule 425 under the Securities Act (17CFR 230.425)&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:-27pt;margin-left:27pt'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:27pt'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-27pt'>[ &nbsp; ] </KBD>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:-27pt;margin-left:27pt'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:27pt'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-27pt'>[ &nbsp; ] </KBD>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;text-indent:-27pt;margin-left:27pt'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:27pt'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-27pt'>[ &nbsp; ] </KBD>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))&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'>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 align=justify style='font:10pt Times New Roman;margin:0'>&#160;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Emerging growth company [ &nbsp; ] </P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&#160;</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; ] </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 align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B>SECTION 2 &#8211;&nbsp;FINANCIAL INFORMATION</B></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;margin-left:54pt'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-54pt'><B>Item 2.02 </B></KBD><B>Results of Operations and Financial Condition.</B>&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'>On July 14, 2021, we issued a shareholder letter concerning certain changes in our Regulation A offering, 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 securities offered in our Regulation A offering will not be or have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. </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'>On July 19, 2021, we issued a press release concerning our preliminary revenue results for Q2 2021, our revenue forecast for the remainder of 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 shareholder letter and press release are furnished with this Current Report on Form 8-K as Exhibits 99.1 and 99.2, respectively. The information furnished under this Item 2.02 and Item 9.01 of this Current Report on Form 8-K, including Exhibits 99.1 and 99.2, 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 align=justify style='font:10pt Times New Roman;margin:0'><A name=jump_exp_6 />&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B>SECTION 9 &#8211;&nbsp;FINANCIAL STATEMENTS AND EXHIBITS</B></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;margin-left:54pt'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-54pt'><B>Item 9.01 </B></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;width:43.1%><TR style=height:7.2pt><TD valign=bottom style='width:50.4pt;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'><B>Exhibit </B></P>
<P style='font:10pt Times New Roman;margin:0'><B>No.</B></P>
</TD><TD valign=bottom style=width:11.8pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style='width:170.55pt;border-bottom:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'><B>Description</B></P>
</TD></TR>
<TR style=height:7.2pt><TD valign=top style='width:50.4pt;border-top:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'><FONT style='color:#0000FF;border-bottom:1px solid #0000FF'><A href=f8k071421_ex99z1.htm style=text-decoration:none>99.1</A></FONT></P>
</TD><TD valign=top style=width:11.8pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style='width:170.55pt;border-top:0.5pt solid #000000'><P style='font:10pt Times New Roman;margin:0'>Shareholder letter, dated July 14, 2021</P>
</TD></TR>
<TR style=height:7.2pt><TD valign=top style=width:50.4pt><P style='font:10pt Times New Roman;margin:0'><FONT style='color:#0000FF;border-bottom:1px solid #0000FF'><A href=f8k071421_ex99z2.htm style=text-decoration:none>99.2</A></FONT></P>
</TD><TD valign=top style=width:11.8pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:170.55pt><P style='font:10pt Times New Roman;margin:0'>Press release, dated July 19, 2021</P>
</TD></TR>
</TABLE>
<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 align=center 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 align=center 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 align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B>iQSTEL Inc.</B></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'> &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'><I>/s/ </I><I>Leandro Iglesias</I></FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Leandro Iglesias</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Chief Executive Officer</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'>Date July 20, 2021</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>f8k071421_ex99z1.htm
<DESCRIPTION>EXHIBIT 99.1 SHAREHOLDER LETTER, DATED JULY 14, 2021
<TEXT>
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<TITLE>Exhibit 99.1 Shareholder letter, dated July 14, 2021</TITLE>
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<DIV style=margin-left:36pt;width:523.3pt><P align=justify style='font:10pt Times New Roman;margin:0;color:#222222'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#222222'><B>IQST &#8211;&nbsp;iQSTEL Plans Offering PPS Increase After 18 Months Of High Growth Performance</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#222222'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#222222'>New York, NY &#8211;&nbsp;July 14, 2021 &#8211;&nbsp;iQSTEL, Inc. (OTCQB: IQST) today announced plans to increase the price per share of the remaining shares available on the company&#8217;s Reg A offering targeting a price from $0.50 to $2.00 per share. The CEO, Leandro Jose Iglesias, today released a letter to shareholders reviewing the company&#8217;s progress over the first six months of 2021 and plans for the second half of 2021 in conjunction with an overview of the company&#8217;s plans to increase the PPS on the remaining Reg A offering. The CEO letter to shareholders is included in its entirety below:</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'>Dear Shareholders,</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'>I would like to begin this letter with a summary of all that we have accomplished in the first six months of 2021. I think you will find the sheer length of the list impressive, let alone the magnitude of each accomplishment. We all here at iQSTEL share a <I>passion for execution</I>, or you might just say, we like to get stuff done. I contend that our <I>passion for execution</I> is at the root of what sets us apart from our competitors. </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'><B>Products and Services Introduced So Far This Year:</B></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:36pt'><KBD style='position:absolute;font:10pt Symbol;margin-left:-18pt'>&#183;</KBD><FONT style='border-bottom:1px solid #000000'>Technology (IoT) Division:</FONT> On January 11<SUP>th</SUP>, we announced that our IoTSmartGas (Internet of Things) had won the 2021 edition of the IoT Breakthrough Award as the &#8220;Smart Appliance Product of the Year.&#8221; Thanks to this recognition, we joined the ranks of <FONT style=color:#1D2228;background-color:#FFFFFF>other globally recognized industry leaders including Apple, Amazon and General Electric, among many other very well recognized companies. </FONT><FONT style=background-color:#FFFFFF>https://iotbreakthrough.com/2021-winners/</FONT><FONT style=color:#1D2228;background-color:#FFFFFF>. </FONT>&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;margin-left:36pt'><KBD style='position:absolute;font:10pt Symbol;margin-left:-18pt'>&#183;</KBD><FONT style='border-bottom:1px solid #000000'>Electric Vehicle (EV) Division:</FONT> On January 28<SUP>th</SUP>, we announced we would be developing a battery solution for the electric vehicle industry, and on February 2<SUP>nd</SUP>, we entered into an agreement with ALYI/Modus/Revolttoken to develop a proprietary battery solution for their Revolt Electric Motorcycle Ecosystem Project.&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;margin-left:36pt'><KBD style='position:absolute;font:10pt Symbol;margin-left:-18pt'>&#183;</KBD><FONT style='border-bottom:1px solid #000000'>Technology (IoT) Division:</FONT> On February 11<SUP>th</SUP>, we reached an agreement with a global chemical industry leader (a 500 Fortune company) to develop for them an IoT (Internet of Things) device we called &#8220;IoTSmartTank&#8221; with a first test order of 2,500 devices to be installed in one of their EEUU facilities. On April 26<SUP>th</SUP>, we announced the first phase of field test results. This is a milestone contract making our Technology Division profitable thanks to the recurring revenue from the first order alone. &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;margin-left:36pt'><KBD style='position:absolute;font:10pt Symbol;margin-left:-18pt'>&#183;</KBD><FONT style='border-bottom:1px solid #000000'>Telecom Division:</FONT> On March 1<SUP>st</SUP>, we announced our new brand for our Telecommunication Division - www.iqstelecom.com, and since then we have been working on increasing the synergies among all our telecom operations to reduce costs and improve productivity. At the same time, we continue to work our existing business plan where we have forecasted $60.5 Million of revenue for the current FY.&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;margin-left:36pt'><KBD style='position:absolute;font:10pt Symbol;margin-left:-18pt'>&#183;</KBD><FONT style='border-bottom:1px solid #000000'>Blockchain Division:</FONT> On March 3<SUP>rd</SUP>, we announced that our Mobile Number Portability Application (MNPA) would be commercially launched by April 2021, but due the Covid-19 crisis in India, we were slightly delayed, and we finally launched in May. On June 8<SUP>th</SUP>, we introduced the MNPA promotional video https://www.youtube.com/watch?v=OyHE6pv9QQ0. We estimate this product will bring up to $25 Million in revenue per year, 30%-40% Ebitda, by capturing just 5% of the $530 Million in revenues per year from the overall global mobile number portability market.&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;margin-left:36pt'><KBD style='position:absolute;font:10pt Symbol;margin-left:-18pt'>&#183;</KBD><FONT style='border-bottom:1px solid #000000'>Fintech Division:</FONT> On March 8<SUP>th</SUP>, we announced our plan to launch our Visa/Mastercard debit card ecosystem by June 2021. This business will open an opportunity to develop $128 Million in revenue over the next 5 years with an EBITDA between 30%-40%. On May 27<SUP>th</SUP> we announced that we would introduce the Cryptocurrency Exchange Services in our VIMO (VisaMoneyOne) and MAXMO (MasterCardMoneyOne) Ecosystem Products, and on June 30<SUP>th</SUP> we announced the launching of our MAXMO fintech ecosystem. Our mobile fintech services that include MasterCard Debit Card, US Bank Account, Mobile App/Wallet, Crypto Services, Remittances, and Mobile Top Up, are all now deployed in a test phase.&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;margin-left:36pt'><KBD style='position:absolute;font:10pt Symbol;margin-left:-18pt'>&#183;</KBD><FONT style='border-bottom:1px solid #000000'>Electric Vehicle (EV) Division:</FONT> On June 17<SUP>th</SUP>, we created the Electric Vehicle (EV) business division to have a more dedicated approach for the EV industry as a One-Stop-Shop for Batteries, Chargers, Software Management, IoT Connectivity, Mobile App, and Dashboard Displays. On July 7<SUP>th</SUP>, we announced our plans to launch the EVOSS Electric Motorcycle in Latin America to provide a complete Electric Motorcycle solution to include consumer purchase financing from our MAXMO fintech ecosystem.&nbsp;</P>
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<P style='font:10pt Times New Roman;margin:0'><B>Corporate and Capital Structure Improvements YTD:</B></P>
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<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:10pt Symbol;margin-left:-18pt'>&#183;</KBD><FONT style='border-bottom:1px solid #000000'>Debt Free Company:</FONT> On January 12<SUP>th</SUP>, we announced the elimination of all convertible debt and warrants exchanging them for Standard Commercial Promissory Notes, On January 14<SUP>th</SUP>, we announced a 48% debt reduction of over $1.5 Million. On February 17<SUP>th</SUP>, we became an entirely <I>debt free company</I>, eliminating all convertible notes, promissory notes, warrants, and settlement agreements. &nbsp;</P>
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<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:10pt Symbol;margin-left:-18pt'>&#183;</KBD><FONT style='border-bottom:1px solid #000000'>Management Long Term Commitment:</FONT> On January 15<SUP>th</SUP>, the Management Team announced (8K Filed) the conversion of 21 Million common shares into Series B Preferred shares demonstrating their long term commitment to the Company and its business plan. By means of this transaction, the number of outstanding common shares were reduced by 21 million shares, making room for the common shares offered in the Reg A offering earlier this year and mitigating the overall potential for dilution resulting from the Reg A offering. &nbsp;</P>
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<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:10pt Symbol;margin-left:-18pt'>&#183;</KBD><FONT style='border-bottom:1px solid #000000'>Investment Bank Support:</FONT> On March 11<SUP>th</SUP>, we initiated a series of conversations with Investment Banks to explore partnerships that could support our intended plans to up-list to Nasdaq. The response from potential Investment Banking partners has been overall positive. &nbsp;</P>
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<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:10pt Symbol;margin-left:-18pt'>&#183;</KBD><FONT style='border-bottom:1px solid #000000'>M&amp;A Campaign:</FONT> On March 25<SUP>th</SUP>, we announced the beginning of what would be our second Merger &amp; Acquisition Campaign (M&amp;A Campaign). The first campaign resulted in the successful acquisitions of Swisslink, IoT Labs, QGlobal SMS and ItsBchain. At this time, we are working on a shortlist of potentials acquisition targets.&nbsp;</P>
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<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:10pt Symbol;margin-left:-18pt'>&#183;</KBD><FONT style='border-bottom:1px solid #000000'>Up-Listing Path:</FONT> On June 15<SUP>th</SUP>, we announced the OTCQB certification, an important milestone in our overall Up-listing Path. On June 28<SUP>th</SUP>, we announced the addition of three new independent members to our Board of Directors bringing our Board to a total of five members. The expansion of our Board with three new independent members is an important step that brings us closer to realizing our up-listing objective.&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0;margin-left:36pt'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><B>Investor Relations and Social Media Presence Enhancements:</B></P>
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<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:10pt Symbol;margin-left:-18pt'>&#183;</KBD><FONT style='border-bottom:1px solid #000000'>Website </FONT>www.iqstel.com<FONT style='border-bottom:1px solid #000000'>:</FONT> In addition to keeping our website updated, we added a new &#8220;Meet Us&#8221; section where you can see our Global Presence - specifically the details of our Offices in each of the countries where we have a presence to include all the ways you can &#8220;Meet Us&#8221; - by Phone, By Social Media, By Email, and By Face to Face Meeting. On the &#8220;Meet Us&#8221; section, you can also see Some of Our Faces.&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;margin-left:36pt'><KBD style='position:absolute;font:10pt Symbol;margin-left:-18pt'>&#183;</KBD><FONT style='border-bottom:1px solid #000000'>Corporate Videos:</FONT> We have produced three corporate videos so far, all available on our Official You Tube Channel: IQSTEL &#8211;&nbsp;IQST Official Channel https://www.youtube.com/channel/UCsaklYVEBqfDVOnDjZVYNxw &nbsp;</P>
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<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:36pt'><KBD style='position:absolute;font:10pt Symbol;margin-left:-18pt'>&#183;</KBD><FONT style='border-bottom:1px solid #000000'>Social Media Presence:</FONT> The company has presence in several social media platforms to include Twitter, Facebook, Instagram, and LinkedIn. For details visit the www.iqstel.com &#8220;Meet Us&#8221; section and select the Social Media Button.&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;margin-left:36pt'><KBD style='position:absolute;font:10pt Symbol;margin-left:-18pt'>&#183;</KBD><FONT style='border-bottom:1px solid #000000'>Frequent Business and Corporate News:</FONT> We issue press releases almost on a weekly basis to keep our more than 18,900 shareholders updated about our business and corporate performance.&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><B>What Our Shareholders Can Expect From Us In The Second Half Of The Year:</B></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:45pt'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-27pt'>1.</KBD><FONT style='border-bottom:1px solid #000000'>The same <I>passion for execution</I>, but getting even better:</FONT> From a business perspective, we will keep developing new products and services through our 5 Business Divisions, and building revenue and positive EBITDA streams in each to make the overall company stronger, better, more productive, more competitive and more efficient. Our goal is not only to reach our revenue forecast of $60.5 Million, but to surpass it.&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:36pt'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:45pt'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-27pt'>2.</KBD><FONT style='border-bottom:1px solid #000000'>Keep advancing the company toward our Nasdaq Up-Listing objective:</FONT> We will continue to strengthen corporate governance and improve our Operations and Balance Sheet to better position the company for an up-list to Nasdaq.&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;margin-left:45pt'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-27pt'>3.</KBD><FONT style='border-bottom:1px solid #000000'>Keep improving our Financial Statements:</FONT> We will maintain our current trend with minimizing Commercial Debts, increasing the value of our Stockholder Equity, reducing operating expenses as a percentage of revenue, and increasing our EBITDA.&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;margin-left:45pt'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-27pt'>4.</KBD><FONT style='border-bottom:1px solid #000000'>M&amp;A Campaign:</FONT> We are currently evaluating three potential acquisition targets. All of them have revenue, EBITDA and are Net Income positive. We are still in the due diligence process, but we feel confident that we could show concrete results in the second part of this Fiscal Year.&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;margin-left:45pt'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-27pt'>5.</KBD><FONT style='border-bottom:1px solid #000000'>News upcoming soon:</FONT> We are going to keep all our shareholders informed about new products as well as developments with our IoTSmartTank for the Chemical Industry, the MAXMO Fintech Ecosystem Launch initiative, our IQSTelecom brand consolidation and our M&amp;A Campaign. We continue working on all the initiatives and products announced in our corporate video https://www.youtube.com/watch?v=_X4inDXQZxs&amp;t=40s.&nbsp;</P>
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<P align=justify style='font:10pt Times New Roman;margin:0;margin-left:45pt'><KBD style='position:absolute;font:10pt Times New Roman;margin-left:-27pt'>6.</KBD><FONT style='border-bottom:1px solid #000000'>New Electric Vehicle (EV) and Fintech Business Division news: </FONT>In this second half of the year, we plan to launch the VIMO Fintech Ecosystem (VisaMoneyOne) to complement our MAXMO fintech ecosystem. Regarding the Electric Vehicle (EV) Division (EVOSS), we will keep working closely with ALYI/MODUS/Revolttoken on the Revolt Electric Motorcycle Ecosystem for EEUU and Africa. At the same time, we plan to deliver the first EVOSS proprietary motorcycles for Latin America at the end of 2021.&nbsp;</P>
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<P align=justify style='font:10pt Times New Roman;margin:0'><B>Reg A Offering Price Increase Update:</B></P>
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<P align=justify style='font:10pt Times New Roman;margin:0'>As you may recall, we have been using our Reg-A offering as the foundation of our funding strategy since December 10th, 2019 - more than 18 months.</P>
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<P align=justify style='font:10pt Times New Roman;margin:0'>Our last SEC qualification was on Jan 14th, 2021, where we were approved to issue up to 80,000,000 common shares. So far now, we have sold 59,800,000 common shares. Our last sale was on March 25<SUP>th</SUP>, 2021 - almost four months ago. 20,200,000 common shares remain of the original 80,000,000. </P>
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<P align=justify style='font:10pt Times New Roman;margin:0'>In conjunction with the increase in our stock price since our last qualification, we are filling a Post Offering Statement (POS) where we are requesting the SEC to allow us to set a new price for the remaining 20,200,000 shares. We plan to request a price range between $0.50 to $2.00 per share. </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'>We do not have an urgent need to sell our remaining Reg-A shares at this time. Accordingly, we want to take advantage of this time to have the Reg-A qualified by the SEC with price range that we believe better reflects the current value of our 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'>This price increase would allow us to raise between $10 Million to $40 Million to invest in the ongoing growth of our business operations and the overall value of the company, in addition to reinforcing our stockholder equity position in preparation for a Nasdaq up-listing.</P>
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<P align=justify style='font:10pt Times New Roman;margin:0'><B>Final Message:</B></P>
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<P align=justify style='font:10pt Times New Roman;margin:0'><I>We are more than an amazing company. We are five amazing companies all rolled into one</I>: IQSTelecom (Telecom), EVoss (Electric Vehicles), Global Money One (Fintech), IoTLabs (Technology), and ItsBchain (Blockchain). </P>
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<P align=justify style='font:10pt Times New Roman;margin:0'>Sometimes, we receive questions asking us to explain our strategy. The answer is on our website www.iqstel.com in the &#8220;About Us&#8221; section:</P>
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<P align=justify style='font:10pt Times New Roman;margin:0'><I>&#8220;</I><FONT style=background-color:#FFFFFF><I>iQSTEL combines our Telecommunications Division business, our high-value customer involvement, and over 100 years of combined technology experience into a dynamically growing company.</I><I> </I><I>iQSTEL is developing our businesses with high-margin and EBITDA contributions in areas such as Electric Vehicles EV, Technology (IoT), Fintech, and Blockchain. Thanks to this approach, iQSTEL will be one of the leaders as a One-Stop-Shop for high-tech services with a global presence&#8221;.</I></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'>We are proud of all we have achieved so far, but more than this, we are excited and committed with all the things we plan to achieve in our company this Fiscal Year and next.</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'>Reading the messages on the social media boards, and reading all the emails that we receive, we know that the majority of our 18,900 shareholders, believe in our company, believe in our business vision, and trust in our <I>passion for execution</I> &#8211;&nbsp;and we are grateful. Your enthusiastic support is energizing for us, and motivates us to be and do better every day making the company and more valuable and altogether, more incredible.</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'>Respectfully yours,</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'>Leandro Jose Iglesias</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>iQSTEL Inc. (www.iqstel.com)</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>President &amp; CEO</P>
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<P align=justify style='font:10pt Times New Roman;margin:0;color:#373737;background-color:#FFFFFF'><FONT style=background-color:#FFFFFF>iQSTEL Inc (OTCQB:&#160;</FONT><FONT style=color:#000000;background-color:#FFFFFF>IQST</FONT><FONT style=background-color:#FFFFFF>) (</FONT><FONT style=color:#000000;background-color:#FFFFFF>www.iQSTEL.com</FONT><FONT style=background-color:#FFFFFF>) is a US-based publicly-listed company&#160;</FONT><FONT style='background-color:#FFFFFF;border-bottom:1px solid #373737'>with an Independent Board of Directors</FONT><FONT style=background-color:#FFFFFF>&#160;offering leading-edge Telecommunication, Technology and Fintech Services for Global Markets, with presence in 15 countries. The company provides services to the Telecommunications,&#160;Electric Vehicle (EV),&#160;Financial Services,&#160;Chemical and&#160;Liquid Fuel Distribution Industries. iQSTEL has 5 Business Divisions: Telecom, Electric Vehicle (EV),&#160;Fintech,&#160;Technology and Blockchain, with worldwide B2B and B2C customer relations operating through its subsidiaries: Etelix, SwissLink, QGlobal SMS, SMSDirectos,&#160;Global Money One,&#160;IoT Labs and itsBchain. The Company has an extensive portfolio of products and services for its clients: SMS, VoIP, international fiber-optic connectivity for 5G, Cloud-PBX, OmniChannel Marketing, EV Batteries, EV Chargers, EV Battery Management System, EV IoT Connectivity, Mobile App For EV Connectivity,&#160;EV Dashboard Display,&#160;Visa/Mastercard Debit Card,&#160;Cryptocurrency Exchange Services,&#160;Money Remittance, Mobile Top Up,&#160;IoT Smart Gas Platform, IoT Smart Tank Platform, Mobile Number Portability Application MNPA (Blockchain Platform) and Settlement &amp; Payments Marketplace SPM (Blockchain Platform).</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#222222;background-color:#FFFFFF'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Safe Harbor Statement:&#160;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>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B>iQSTEL Inc.</B></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'>IR US Phone: 646-740-0907, IR Email: <FONT style='border-bottom:1px solid #000000'>investors@iqstel.com</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'>Source: iQSTEL Inc. and its subsidiaries: www.iqstel.com&#160;</P>
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<P align=justify style='font:10pt Times New Roman;margin:0;color:#222222'><B>IQST &#8211;&nbsp;iQSTEL Announces $29.7 Million YTD Preliminary Revenue Results Well On Track To Meet Or Exceed $60.5 Million 2021 Forecast</B></P>
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<P align=justify style='font:10pt Times New Roman;margin:0;color:#222222'>New York, NY &#8211;&nbsp;July 19, 2021 &#8211;&nbsp;iQSTEL, Inc. (OTCQB: IQST) today announced achieving $15.5 million in revenue for Q2 2021, based on preliminary accounting results. The company exceeded $5 million in revenue each month in Q2. Management reports that iQSTEL is well on its way to meet or exceed its 2021 $60.5 million revenue forecast.</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#222222'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#222222;background-color:#FFFFFF'>In a recent <FONT style=color:#000000>shareholder letter</FONT>, Leandro Jose Iglesias stated, <I>&quot;Our goal is not only to reach our revenue forecast of $60.5 Million, but to surpass it&quot;.</I></P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#222222'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#222222;background-color:#FFFFFF'>Year to date (YTD) revenue for the first six months of 2021, based on preliminary accounting results, totals $29.7 million illustrating the company&#8217;s&#160;<I>&quot;Passion for Execution&quot;</I>.</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#222222;background-color:#FFFFFF'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#222222;background-color:#FFFFFF'>Leandro Iglesias commented: &quot;We are halfway through the year, and historically we have grown more in the second half of the year than in the first half. We are really excited about all of iQSTEL&#8217;s initiatives to include, MNPA, MAXMO, and IoTSmartTank &#8211;&nbsp;all of which are very close to beginning to make top and bottom line contributions, adding revenues with high EBITDA.</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#222222;background-color:#FFFFFF'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#373737;background-color:#FFFFFF'><FONT style=background-color:#FFFFFF>iQSTEL Inc (OTCQB:&#160;</FONT><FONT style=color:#000000;background-color:#FFFFFF>IQST</FONT><FONT style=background-color:#FFFFFF>) (</FONT><FONT style=color:#000000;background-color:#FFFFFF>www.iQSTEL.com</FONT><FONT style=background-color:#FFFFFF>) is a US-based publicly-listed company&#160;</FONT><FONT style='background-color:#FFFFFF;border-bottom:1px solid #373737'>with an Independent Board of Directors</FONT><FONT style=background-color:#FFFFFF>&#160;offering leading-edge Telecommunication, Technology and Fintech Services for Global Markets, with presence in 15 countries. The company provides services to the Telecommunications,&#160;Electric Vehicle (EV),&#160;Financial Services,&#160;Chemical and&#160;Liquid Fuel Distribution Industries. iQSTEL has 5 Business Divisions: Telecom, Electric Vehicle (EV),&#160;Fintech,&#160;Technology and Blockchain, with worldwide B2B and B2C customer relations operating through its subsidiaries: Etelix, SwissLink, QGlobal SMS, SMSDirectos,&#160;Global Money One,&#160;IoT Labs and itsBchain. The Company has an extensive portfolio of products and services for its clients: SMS, VoIP, international fiber-optic connectivity for 5G, Cloud-PBX, OmniChannel Marketing, EV Batteries, EV Chargers, EV Battery Management System, EV IoT Connectivity, Mobile App For EV Connectivity,&#160;EV Dashboard Display,&#160;Visa/Mastercard Debit Card,&#160;Cryptocurrency Exchange Services,&#160;Money Remittance, Mobile Top Up,&#160;IoT Smart Gas Platform, IoT Smart Tank Platform, Mobile Number Portability Application MNPA (Blockchain Platform) and Settlement &amp; Payments Marketplace SPM (Blockchain Platform).</FONT></P>
<P align=justify style='font:10pt Times New Roman;margin:0;color:#222222;background-color:#FFFFFF'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Safe Harbor Statement:&#160;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>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B>iQSTEL Inc.</B></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'>IR US Phone: 646-740-0907, IR Email: <FONT style='border-bottom:1px solid #000000'>investors@iqstel.com</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'>Source: iQSTEL Inc. and its subsidiaries: www.iqstel.com&#160;</P>
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