#United States #New York #iQSTEL #ItsBChain #ASII

iQSTEL Strategically Sells ItsBChain Subsidiary

In a bold move to reinforce its financial standing, iQSTEL Inc. (OTCQX: IQST), a leading multinational telecommunications and technology enterprise, has reached a significant milestone. The company confirmed the establishment of a Memorandum of Understanding (MOU) to divest 100% of its stake in ItsBchain LLC, amounting to 75% of the subsidiary's total share capital, to Accredited Solutions, Inc. (OTC: ASII). This decision marks a crucial pivot as iQSTEL seeks to enhance profitability and streamline operations by focusing on high-margin sectors.

Financial Benefits and Strategic Focus

The anticipated sale, valued at $1 million, not only recoups iQSTEL’s initial investment in the blockchain-based subsidiary but also significantly boosts its overall financial health. The transaction's structure includes $500,000 in preferred shares and an additional $500,000 in common shares from ASII, which will be subsequently registered with the SEC for resale. This strategic maneuver provides a substantial cushion for iQSTEL as it embarks on a strategic roadmap aimed at increasing EBITDA and overall profitability.

Shareholder Value Enhancement

As part of its initiative to maximize shareholder value, iQSTEL plans to distribute the common shares obtained from ASII as a dividend to its shareholders. By doing so, the company aims not only to reward its existing investors but also to strengthen shareholder engagement and liquidity moving forward. Leandro Iglesias, President and CEO of iQSTEL, emphasized that this transaction is pivotal to their business strategy, allowing the firm to monetize a non-core asset effectively and concurrently enhance shareholder wealth.

Refocusing on Core Business Areas

The divestiture of ItsBChain enables iQSTEL to concentrate resources and efforts on its core business sectors—Telecom, Fintech, Artificial Intelligence (AI), and Cybersecurity—where it sees the most potential for high margins. Furthermore, iQSTEL will retain a 1% lifetime royalty on ItsBchain’s total sales, ensuring ongoing revenue from this subsidiary without the burden of operational management.

Future Prospects

Moving forward, iQSTEL is committed to exploring new acquisitions, strategic partnerships, and corporate realignments aimed at solidifying its market position. The company is also on track for a transition to a major national exchange this year, with plans to finalize the definitive Purchase Agreement by July 1, 2025. Additionally, a penalty clause of $250,000 underscores a commitment from ASII to finalize the purchase, portraying confidence in the transaction.

Both iQSTEL and ASII are keen on maintaining transparency with their shareholders and plan to issue formal press releases to provide updates on developments surrounding this strategic transaction.

As iQSTEL continues to innovate and grow, it is shaping its trajectory towards becoming a potent player in the telecommunications landscape while simultaneously ensuring its shareholders benefit from its progressive financial strategies. For more information, potential shareholders are encouraged to visit iQSTEL’s website.