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UCASU mourns the pass away of Chair of Audit Committee Harris Miller and will donate to his charity

  ATLANTA, GA, September 19, 2022 -- McapMediawire -- With deep regret, UC Asset LP (OTCQX: UCASU) management announces today that our friend and Chair of our Audit Committee, Harris Miller, has passed away on Thursday, September 15. Our founder Larry Wu attended his funeral service earlier today, in Mr. Miller’s hometown of Falls Church, VA. Mr. Miller is a prominent American politician, businessman, and lobbyist. Miller served as president of the Information Technology Association of...

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UCASU refutes rumors of selling historic landmark and asserts plan of renovating it into Atlanta’s Empire State Building

  ATLANTA, GA, September 14, 2022 -- McapMediawire -- UC Asset LP (OTCQX: UCASU) today debunks a claim that the company is selling the historic landmark Rufus Rose House. The company affirms that it is renovating the property into a dual role building similar to the Empire State Building, and any sources indicating otherwise are erroneous.   “If you google Rufus Rose House today, you may be led to the webpage of a nonprofit, HistoricAtlanta.org, on which the property is presented as...

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UCASU renews partnership in Dallas project to increase near-term cash income

  ATLANTA, GA, September 06, 2022 -- McapMediawire -- UC Asset LP (OTCQX: UCASU) announced today that the company has renewed its partnership with Puration Inc. (OTC Pink: PURA) with regard to the development of 72-acre land in the metropolitan area of Dallas, Texas. The new partnership is formed with intention to increase near-term cash income for both UC Asset and Puration. UC Asset sold the land to Puration about 2 years ago, and later entered into an LOI with Puration to co-develop...

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UCASU announces exclusive partnership for Airbnb-based project up to $50 million

  ATLANTA, GA, September 01, 2022 -- McapMediawire -- UC Asset LP (OTCQX: UCASU) announced today that the company has entered an exclusive partnership to develop properties specifically designed to be operated as “short rentals”, most likely via online platforms such as Airbnb (NASDAQ: ABNB) and Vrbo. The first project aims to develop 10 to 50 such units, for a total value up to $50 million. The new project will be pursued under an exclusive partnership between UC Asset and a renowned...

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IQST – iQSTEL Releases CEO Shareholder Letter with 2022 YTD Execution Update and 2023 Business Foundations Plan

  New York, NY, September 1, 2022 -- McapMediaWire -- iQSTEL, Inc. (OTCQX: IQST) ("IQST" or the "Company"), a leading provider of comprehensive technology solutions and services to several industries such as Telecommunications, Electric vehicles, Liquid Fuel Distribution, Chemical, and Financial, today released a Shareholder Letter with an Update of its 2022 Business Plan, Guidelines for its 2023 Business Plan, M&A campaign, EVOSS update, and Funding strategy. The shareholder updates...

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IQST – iQSTEL Announces Q2 47% Revenue Increase To $23.70 Million: On Track To $90 Million 2022 Annual Revenue Forecast

  New York, NY, August 15, 2022 -- McapMediaWire -- iQSTEL, Inc. (OTCQX: IQST) today announced filing its Q2 financial report. The company realized a 47% increase in revenue to $23.70 million in Q2 compared to the same period in 2021.  The company is approaching breakeven, posting a substantial bottom line improvement, reducing its net loss by 75% compared to the same period last year. Stockholder’s equity increased 162% to $9.04 million compared to Q2 2021 surpassing the Nasdaq minimum...

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IQST – iQSTEL Higlights Material Information Discussed In Recent Management Interview

  New York, NY, August 12, 2022 -- McapMediaWire -- iQSTEL, Inc. (OTCQX: IQST) today published material higlights of a management interview conducted yesterday, August 11, 2022. Alvaro Quintana, Tony Abdo and Leandro Iglesias were interviewed on Alpha Status Stocks by Michel Poarch. Material highlights include: 1) The company plans to file the 10Q report for the period ended June 30, 2022 on Monday, August 15th. 2) The report is anticipated by management to show all positive trends...

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UCASU drops public offering plan and focuses on profit growth after $0.12 per share net income

  ATLANTA, GA, July 29, 2022 -- McapMediawire -- UC Asset LP (OTCQX: UCASU) announces today that the company will adjust its business strategy for the next 12 months, focusing on cash income and profit growth, instead of capital formation. UC Asset announced that it was seeking for an up-list to NYSE American or NASDAQ Small Cap, combined with a secondary public offering of approximately $10-30 million. The company confirms today that it is no longer the primary business goal for the next...

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IQST – iQSTEL Announces First Electric Car Scheduled For Production Q4 2022

  New York, NY, July 20, 2022 -- McapMediaWire -- iQSTEL, Inc. (OTCQX: IQST) today announced the company expects to complete production of its first electric car this year by the end of Q4 2022. iQSTEL’s EVOSS business division is a wholly owned subsidiary dedicated to the development electric vehicles.  EVOSS has produced and is currently marketing its first electric motorcycles.  Today, the company revealed its product and market research department has been working on the design of its...

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IQST – iQSTEL CEO Highlights Progress Specifics On Plan To Meet Or Exceed $90 Million Net Income Positive 2022 Revenue Forecast

  https://vimeo.com/729575269   New York, NY, July 13, 2022 -- McapMediaWire -- iQSTEL, Inc. (OTCQX: IQST) today published a letter to shareholders from CEO Leandro Iglesias providing the latest updates on the company’s continued progress to meet or exceed its $90 million, net income positive, revenue forecast for 2022.  The letter is included in its entirety below: Dear Shareholders I am confident iQSTEL was well prepared to endure the recent market challenges, and while the market...

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IQST – iQSTEL Announces 47% YTD Preliminary Revenue Growth Results To $43.4 M

  New York, NY, July 05, 2022 -- McapMediaWire -- iQSTEL, Inc. (OTCQX: IQST) today announced preliminary results for Q2 2022. Based on preliminary accounting, the company achieved $24 million in Q2 2022 exceeding Q1 results of $19.4 million by 23%. The 2022 year to date (YTD) revenue based on preliminary accounting is $43.4 million, a 47% increase over the $29.5 million reported for the same period last year. The recent Smartbiz and Whisl acquisitions only contributed revenue to the YTD...

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iQSTEL Announces MOU with BASF To Field Test IoT Labs IoTSmartTank Technology

  New York, NY, June 28, 2022 -- McapMediaWire -- iQSTEL, Inc. (OTCQX: IQST) today announced the company, with its subsidiary, IoT Labs LLC, has entered into a memorandum of understanding (MOU) with BASF Corporation to field test IoT Labs award winning IoTSmartTank technology. The non-binding MOU memorializes a new agreement to move forward with field testing started under a letter of intent (LOI) between the parties on April 29, 2021. IoTLabs has been engaged and working with BASF...

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IQST – iQSTEL Issues Update On Progress Toward 2022 $90 Million Revenue Forecast

  New York, NY, June 23, 2022 -- McapMediaWire -- iQSTEL, Inc. (OTCQX: IQST) today announced the company released a management update providing the latest progress on the company’s business development initiatives.  iQSTEL remains on track to reach or surpass its 2022 net income positive, $90 million revenue forecast.  The company also continues to prepare for an up-listing to Nasdaq. Business Development Initiatives Progress Update: Whisl and Smartbiz acquisitions are complete and the...

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IQST – iQSTEL Announces 39% YTD Revenue Growth Through May To $33 Million

  New York, NY, June 14, 2022 -- McapMediaWire -- iQSTEL, Inc. (OTCQX: IQST) today announced the company’s revenue for the month of May is $6.9 million based on preliminary accounting. The company’s year-to-date (YTD) revenue through the end of May based on the preliminary accounting is over $33 million representing an increase of 39% over the approximate $24 million realized in the same period the previous year. Beginning this month in June, iQSTEL will start to realize the revenue...

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UCASU sent out dividend checks to all shareholders that hold free tradable shares

  ATLANTA, GA, June 13, 2022 -- McapMediawire -- UC Asset LP (OTCQX: UCASU) UC Asset LP (OTCQX: UCASU) announced today that all dividend checks to shareholders who held free tradable USASU shares by the end of 2021 have been processed and are expected to be mailed out in days. Shareholders should have received their checks before the end of this month. If not, they should contact the company at IR@ucasset.com. This applies to all shareholders who purchased UCASU shares from the open...

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IQST – iQSTEL Receives Formal Offer For EV Subsidiary From Pre-IPO Company

  New York, NY, June 08, 2022 -- McapMediaWire -- iQSTEL, Inc. (OTCQX: IQST) today announced that the company has received a formal offer to purchase iQSTEL’s entire electric vehicle (EV) subsidiary.  The offer values iQSTEL’s EVOSS Electric Vehicle operation substantially higher than iQSTEL’s internal valuation.  The buyer is a US company that has filed an S-1 for an initial public offering (IPO) on Nasdaq.  The iQSTEL CEO, Leandro Iglesias addresses the offer in detail in a letter to...

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IQST- iQSTEL Announces LOI That Could Lead To Acquisition And Entry Into $700 Billion 5G Market

  New York, NY, June 1, 2022 -- McapMediaWire -- iQSTEL, Inc. (OTCQX: IQST) today announced entering into an exclusive, non-binding letter-of-intent (LOI) whereby, for the purposes of an intended acquisition, the company will conduct due diligence on 2,300 miles of fiber-optic network located in America. iQSTEL has been in discussions with the target acquisition over the past two years first announcing a potential partnership in May of 2021. The acquisition would accelerate iQSTEL’s entry...

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UCASU to expand with cannabis properties in New York State

  ATLANTA, GA, June 01, 2022 -- McapMediawire -- UC Asset LP (OTCQX: UCASU) announced today the company is aggressively seeking cannabis property opportunities in the state of New York, by partnering with licensed local growers, vendors and other cannabis license holders. In the fourth quarter of 2021, UCASU rolled out a new business investment strategy highlighting interest in retaining cannabis properties to duplicate the success of other public companies, such as Power REIT (NYSE: PW)....

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UCASU announces 1st phase of renovations on Atlanta-based historical landmark

  ATLANTA, GA, May 25, 2022 -- McapMediawire -- UC Asset LP (OTCQX: UCASU) announced that it has been granted a permit by the city of Atlanta to start the first phase of renovations on the historic Rufus Rose House. “We’ve been looking forward to starting the restoration process,” says Greg Bankston, managing general partner of UC Asset. “Under this permit we will repair the power lines and install a temporary power pole. This will enable us to restore electricity to the property and...

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IQST – iQSTEL Revenue Increases 40% in the Month of April to $7.4 Million (est.)

  New York, NY, May 23, 2022 -- McapMediaWire -- iQSTEL, Inc. (OTCQX: IQST) today announced the company realized $7.4 million in revenue for the month of April 2022 based on preliminary accounting. The revenue in April 2022 increased 40% over the revenue reported in April 2021 and increased 14% over the average monthly revenue reported in Q1 2022. The April revenue does not yet reflect any contribution from the recently acquired Smartbiz and Whisl operations. iQSTEL is well on track to...

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UCASU to deliver $0.10/share dividend in coming weeks out of $0.12/share net profit

  ATLANTA, GA, May 17, 2022 -- McapMediawire -- UC Asset LP (OTCQX: UCASU) announces that it will start to deliver $0.10/share dividend for its shareholders who held UCASU common shares by December 31, 2021. “Our shareholders can expect receiving checks in the coming weeks, since our 2021 financial statements have completed being audited, and we have filed our annual report on Form 1-K by the end of last week,” declares Greg Bankston, managing partner of UC Asset. For the year of 2021, UC...

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IQST – iQSTEL Announces Q1 37% Revenue Increase To $19.42 Million: On Track To $90 Million 2022 Annual Revenue Forecast

  New York, NY, May 16, 2022 -- McapMediaWire -- iQSTEL, Inc. (OTCQX: IQST) today announced filing its Q1 financial report. The company realized a 37% increase in revenue to $19.42 million in Q1 compared to the same period in 2021.  The company is approaching breakeven posting a substantial bottom line improvement reducing its net loss by 72% compared to the same period last year.  Stockholder’s equity increased 410% to almost $7 million compared to Q1 2021 surpassing the Nasdaq minimum...

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UCASU projects profit growth despite looming economic recession concerns

  ATLANTA, GA, May 11, 2022 -- McapMediawire -- At a time when many financial analysts are predicting an impending recession, global real estate firm UC Asset (OTCQX: UCASU) is pleased to restate that the company is positioned to deliver considerable profit growth over the upcoming years. “We are of course hoping against the projected recession many financial analysts are forecasting,” says UC Asset founder Larry Wu, “but we are relieved that, due to our forward thinking strategy of...

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IQST – iQSTEL On Track To $90M In 2022 Revenue And Up-Listing To Nasdaq

  New York, NY, May 11, 2022 -- McapMediaWire -- iQSTEL, Inc. (OTCQX: IQST) today published a shareholder update from CEO Leandro Iglesias. The update highlights the company’s cash reserve that is insulating it from the prevailing bear market providing iQSTEL with the necessary resource it needs to continue on its path to achieving its $90 million 2022 revenue forecast and up-listing to Nasdaq.  The CEO’s update is included in its entirety below: Dear Shareholders: Let me start by saying...

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IQST – iQSTEL Announces Acquisition of US Based Whisl Telecom Adding Estimated $5.6 Million In Annual Revenue

  New York, NY, May 9, 2022 -- McapMediaWire -- iQSTEL, Inc. (OTCQX: IQST) today announced the acquisition of Whisl Telecom (www.whisl.com), a U.S. based telecommunications operator located in Houston, Texas.  Whisl provides Voice/SMS services to U.S. corporate customers and operators and expects to generate $5.6 million in revenue over the next 12 months with a net income of $0.83 million. The acquisition of Whisl Telecom broadens iQSTEL’s core IQSTelecom operation adding to the recent...

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UCASU to report 330% net profit growth and 73% operating profit growth for 2021

  ATLANTA, May 5, 2022 -- McapMediawire -- UC Asset LP (OTCQX: UCASU) management announces that the company is expected to report better profit results for both its fiscal years of 2021 and 2020, after the Company switched its accounting method from fair market value accounting to historical cost accounting. Particularly, the company is expected to report an operating profit increase of 73% in fiscal year 2021 over fiscal year 2020. During the same period, the company is expected to...

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IQST – iQSTEL Describes Company As Wound Up Spring In CEO Update

  New York, NY, April 22, 2022 -- McapMediaWire -- iQSTEL, Inc. (OTCQX: IQST) today published a shareholder update addressing the latest developments on the company’s progress toward its net income positive $90 million 2022 revenue forecast and Nasdaq up-listing.  The CEO’s letter to shareholders is included in its entirety below: Dear Shareholders: This has been a big week for iQSTEL.  We published our 2021 annual report, and we closed a significant profitable acquisition. I wanted to...

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IQST – iQSTEL Increases Bottom Line And Gains Access To US Telecom Market With Acquisition of Profitable Telecom Operator Smartbiz

  New York, NY, April 21, 2022 -- McapMediaWire -- iQSTEL, Inc. (OTCQX: IQST) today announced the acquisition of Smartbiz Telecom, a profitable, US and Latin American voice and SMS telecom operator expected to boost iQSTEL’s bottom-line. “Smartbiz Telecom not only expands iQSTEL’s telecommunications services footprint with a synergistic suite of services consistent with iQSTEL’s telecommunications expansion strategy, Smartbiz Telecom gives iQSTEL access into the US market bringing with it...

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UCASU to report $0.12/share net profit and $0.15/share net equity increase for 2021

  ATLANTA, April 19, 2022 -- McapMediawire -- UC Asset LP (OTCQX: UCASU) management announces that the company will likely report better profit results for both its fiscal years of 2021 and 2020, after the Company switched its accounting method from fair market value accounting to historical cost accounting. “We will likely report a $0.12 per share net income for the fiscal year of 2021, comparing to our previous projection of $0.10 per share profit,” declares Greg Bankston, managing...

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IQST – iQSTEL Announces 44% Year Over Year Revenue Growth To $64.7 Million With 59% Gross Profit Increase

  New York, NY, April 18, 2022 -- McapMediaWire -- iQSTEL, Inc. (OTCQX: IQST) today announced the company has published its 2021 annual report with an audited financial statement on SEC Form 10K. In 2021, iQSTEL realized a 44% increase in revenue over 2020 reaching $64.7 million compared $44.9 million the year prior.  The company also realized a year over year 59% increase in gross profit. CEO Leandro Iglesias has published a shareholder letter, included in its entirety below to address...

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