$IQST Rallies on Ev Solution Partnership

iQSTEL Inc.
(STOCK: IQST )
Current Price: $0.1031
Goldman Small Cap Research PT: $0.54
Float: 52.65M
New York, NY – November 2, 2020 – iQSTEL , Inc. (USOTC: IQST ) an international telecommunication and fintech service provider, and Alternet Systems, Inc. (USOTC: ALYI), an electric vehicle ( EV ) innovator, today announced a letter of intent (LOI) agreement for IQST’s Internet of Things ( IoT ) development team to combine efforts with ALYI’s EV engineering and design program to codevelop two-way device communication solutions specific to the EV operating environment.
ALYI’s first generation EV is an electric motorcycle, designed for, among other applications, utilization within the rideshare (exemplified by Uber and Lyft services) sector in Africa evolving the prevailing robust motorcycle taxi (Boda) market. ALYI’s electric motorcycle design program, orchestrated by MODUS, was recently detailed in an online narrative presentation.
IQST subsidiary IoT Labs MX specializes in Internet of Things ( IoT ) design and development to include wireless and vehicle telematics space that provide telematics solutions. IoT Lab MX , among other products , has developed the IoT Smart Gas Platform (www.iotsmartgas.com).

IoT Labs MX and MODUS plan to work jointly to develop two-way device communication in the Revolt Electric Motorcycles with, among others, the following functions:

a. Geolocation
b. Battery Management
c. Theft and Accident Interfacing with Emergency Services
d. Remote Maintenance Management
e. Vehicle Body and Component Leasing Management
f. Driver and Passenger Personal Mobile Device Interface
g. Rideshare System Interface

About iQSTEL Inc. :

iQSTEL Inc (OTC: IQST ) www. iQSTEL .com is a US-based publicly listed company offering leading-edge 21st Century Enhanced Telecommunications Services with a focus on a wide range of cloud-based enhanced services to the Tier-1 and Tier-2 carriers, corporate, enterprise, as well as the retail market. iQSTEL through its subsidiaries Etelix, SwissLink, QGlobal SMS , SMSDirectos, IoT Labs, IoT Smart Gas Platform, itsBchain offers a "one-stop-shopping" for international and domestic VoIP services, IP-PBX services, SMS exchange for A2P and P2P, OmniChannel Marketing, Internet of Things ( IoT ) applications ( IoT Smart Gas Platform), 4G & 5G international infrastructure connectivity, as well as blockchain-based platforms: Mobile Number Portability Application (MNPA) and Settlement & Payments Marketplace for VoIP, SMS and Data.

Bullish Technical Indicators
Stock bullish with strong uptrend support.
Potential 30% upside.
Stock remained bullish within a volatile market.
Relative strength to the market.
21 MA providing support and signalling strong momentum.


The Bullish Case For IQST

Highly diversified tech company with several multi-billion dollar market opportunities
The Fintech industry is growing at an almost exponential rate with over $500B in annual remittances and over $1.5T in annual mobile payments.
IQST’s business model is innovative and the Company is the beneficiary of current trends. These include 5G deployment, and the introduction of new iPhone. Plus, the global pandemic has prompted increases in SMS usage along with B2C fintech expansion
Market analyst Goldman Small Cap Research slapped on a price target of $0.54, a nearly 5x return from current levels.
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