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Metrospaces Announces Etelix March 2018 Revenue of $837,195 for Record Company Month

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NEW YORK, NY, April 25, 2018 (GLOBE NEWSWIRE) -- Metrospaces, Inc. (OTC:MSPC) announces another record revenue month in March 2018 for Etelix. 

Mr. Silva stated: "Our fundamentals continue to be very strong, our growth continues strong and Etelix management continues to hit record revenue numbers.  Management's budget revenue for April 2018 was $778,906; however, the company did 7% higher revenue than our forecast, representing a year-over-year growth of 14%.  The recently executed deals with Vodafone India and other such agreements are now starting to hit their stride and are really making a difference in our growth forecast.  With this March revenue number, we are currently approximately 2% above our first quarter revenue forecast for 2018 and growth rate is picking up.  Total first-quarter revenue for 2018 was $2,204,827 in comparison to $1,959,113 in 2017.    Additionally, we take this opportunity to notify our shareholders that last Friday, April 20th, 2018 we received a formal email from OTC Markets regarding missing items and a need to reformat some of our financial statements.  Actual financial statements were not brought to question, only some of our formatting.  We expect to revert to OTC Markets their request in the next 2-3 days and are looking forward to receiving "Current Information" status shortly thereafter."

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 acquires land, designs, builds, and develops then resells condominiums and Luxury High-End Hotels, principally in urban areas of Latin America. The company's current projects are located in Buenos Aires, Argentina and Miami, USA.   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 has partnered with Investors on Elite properties including The London  BLVGARI 5 Star Hotel, 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://www.metrospaces.com/

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.

Company Contact: Tel: 305-600-0407                                                 

Investor Relations: investors@metrospaces.net

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