iQSTEL Inc. Announces Participation in Emerging Growth Conference

iQSTEL Inc., a publicly listed telecommunications and technology company, is preparing for a Nasdaq uplisting and recently announced plans to expand sales to $1 billion by FY2027. The company published a detailed business plan on August 6th, 2024, outlining key steps to achieve this sales target. These steps include a strategic acquisition to add $200 million to $300 million in annual sales, a $30 million raise in conjunction with the strategic acquisition, and doubling existing and acquired sales organically. Additionally, the company aims to accelerate new product and service sales with higher margins than existing telecommunications services offered.

The companys participation in the Emerging Growth Conference on August 2122, 2024, will provide an opportunity to present these plans to potential investors and the investment community. The presentation will highlight the strategic acquisition, the proposed funding round, and the overall $1 billion revenue plan.

The funding will be used to support the planned major acquisition, fund the companys growth initiatives towards reaching the $1 billion sales target, and facilitate the Nasdaq uplisting. The funding round is expected to raise $30 million in conjunction with the strategic acquisition.

The lead investor in the funding round was not specifically mentioned in the press release. However, investors interested in supporting iQSTELs growth and expansion plans are encouraged to submit questions in advance or participate in the Emerging Growth Conference to learn more about the companys financial strategy and opportunities for potential investors.

Other relevant information includes iQSTELs mission to address basic human needs in todays modern world by providing accessible tools regardless of demographics. The companys business divisions encompass telecommunications, fintech, electric vehicles, and an AIenhanced metaverse platform, showcasing a diverse range of products and services aimed at meeting essential human needs.

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