Skip to main content

IQST – iQSTEL Restructures Investment Agreement Demonstrating Confidence In Company’s Future

New York, NY, Oct. 05, 2022 (GLOBE NEWSWIRE) — iQSTEL, Inc. (OTCQX: IQST) (“IQST” or the “Company”), today announced the company has amended a common stock purchase option.  “I believe the amended agreement demonstrates the confidence of an important investor has in iQSTEL’s future,” stated iQSTEL CEO Leandro Iglesias.

The original stock purchase option was purchased for $500,000 to purchase 4,800,000 shares of common stock at $2 price, the original stock purchase option also included a cashless exercise feature.  The amended agreement has the investor agreeing to forgo the original cashless exercise feature after the first $1,000,000 cashless exercise in addition to committing to cash exercise schedule favorable to iQSTEL.

CEO Leandro Iglesias:

“I am pleased with the update to the subject investment agreement, and I believe the option amended agreement demonstrates the confidence an important investor has in iQSTEL’s future.  This vote of confidence is particularly valuable while prevailing market conditions are less than favorable.  While the past two days have provided welcome relief to downward market trends, I believe the likelihood of continued volatility and price pressure remain high for the foreseeable future. I believe the overall prevailing market conditions have more impact today on iQSTEL’s share price than iQSTEL’s performance.  I also believe, that in time, that will change and iQSTEL’s performance will once again drive share price performance.  In the meantime, all of us here at iQSTEL will continue to work hard to deliver the extraordinary results shareholders have come to expect from us.  I remain confident, that the best is yet to come and view the subject investment agreement announced today as in important vote of confidence from an important investor that also believes the best is yet to come.”

Specific details on the subject stock option agreement amendment can be found in a Form 8k filed today.

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001527702/000166357722000574/iqst8k.htm

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

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.