NEW YORK, NY, Feb. 26, 2018 (GLOBE NEWSWIRE) --
Metrospaces, Inc. (OTC: MSPC) announces that Etelix continues setting record revenue numbers in early in 2018.
Mr. Brito, Metrospaces CFO, stated: “After an incredible year in 2017, Etelix started very strong with January 2018 revenue of $642,548. This compares with $585,874 in January 2017, representing a 10% growth. We are projecting to reach a level of $1,000,000 in monthly revenue by the second half of this year, allowing us to reach a base-case projected $10.2M-12M in revenue for 2018. This would represent a 30-40% YOY revenue growth. The opening of our Spain office has made our sales effort in Asia very productive by bringing in new clients and enhancing our existing relationship with major Asian carriers such as Reliance Communications and Axistel. We are currently in the process of sourcing new debt financing, as our business growth is very capital intensive. We believe that if we are able to conclude the optimist range of amount regarding a few business debt lines of credit we are in current negotiations with, our revenue growth rate could be closer to 60-65% % for 2018. In 2017 management, thanks in part to 3rd party business lines of credit obtained, was able to achieve the optimistic forecast. We have a lot of work to do with respect to execution, but we 2017 was proof that we are able to meet our most optimistic case scenarios. We look for 2018 to be a repeat performance of 2017. With these results, the company would potentially be able to position itself for an eventual uptick to the NASDAQ Small Cap or OTCQX.”
About Etelix.com USA, LLC
Etelix.com USA (http://www.etelix.com/) is a Miami-based, FCC-licensed voice, SMS and data/hosting operator. The company’s main products and services are international voice wholesale, data and hosting services as well as residential and commercial triple-play provider. The company was founded in 2007 and has been profitable since inception.
About Metrospaces
Metrospaces www.metrospaces.net is a publicly traded real estate investment and Development Company which invests in real estate projects and operating companies with a strong real estate component. It is operated by an elite group of real estate and investment professionals and entrepreneurs located in New York City, Miami, and Buenos Aires. Company shareholders have extensive careers in real estate and business financing worldwide and have funded projects both in the America’s and across Europe valued in excess of US $550Million.
Metrospaces’ majority shareholders have partnered with Investors on Elite properties including The London BLVGARI 5 Star Hotel, Ilal del Mar (Playa del Carmen, now part of the Viceroy Chain of Hotels) and is currently involved in negotiations for the development of several Elite luxury properties in South America.
Among Metrospace partners are Architects, Real Estate Developers, Agents and Attorneys of the highest standing, with extensive experience in the global property market.
Metrospaces was originally founded by company President Oscar Brito.
Relevant Links: http://metrospaces.net/
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 statements 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, in part, 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 Metrospaces Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.