Upco International Inc. Announces Development of Advanced Blockchain Payment System

Vancouver, BC, November 27, 2017, Upco International Inc. (CSE: UPCO) (“UPCO”) is pleased to announce plans to expand its current mobile application to include a payment service using advanced blockchain technologies. Currently, its application enables fully secure communications through social media, picture and location sharing, international airtime top-up, international and national calls, and chatting like SKYPE and WhatsApp. With the addition of blockchain payment services, users will be able to:  send invoices, approve payments, transfer international funds, convert international currencies, and track transfers and payments.  The application will also allow vendors to securely share account information with their clients.

Mr Andrea Pagani, CEO and President of UPCO commented, “The first generation of the digital revolution brought us the Internet of information. The second generation — powered by blockchain technology — is bringing us the Internet of value: a new platform to reshape the world of business and transform the old order of human affairs for the better. Blockchain is the technology that underlies the cryptocurrency Bitcoin.  Blockchain allows a vast, global distributed ledger or database running on millions of devices, where not just information but anything of value — money, but also titles, deeds, identities, even votes — can be moved, stored and managed securely and privately.”

The development team for this blockchain payment service will be led by Dominic da Assuncao, senior business systems consultant and full-stack software engineer whose background includes: international business, operations and computer systems management, and computer games programming.  Since 1991, Dominic has delivered world-class shrink wrap software, as well as customized ERP systems, multi-media applications, and internet enabled auction and medical systems. At present Dominic is engaged in upgrading a major clinical  system, operating at a prominent Canadian hospital, using blockchain technology.

Since the late 1990’s Dominic has been working with immutable database frameworks that have evolved into blockchain technology, and has  developed an experimental self-archiving system to store large amounts of data on non re-writeable storage. The technology has subsequently been adapted to use an ACID compliant relational database to simulate CRUD functionality while permanently keeping all changes to the records.

This technology also includes protocols which securely and automatically distribute data throughout an open network of dissimilar servers optimized for distributed network topography. This effectively avoids the costs of processing transactions in peer-to-peer topography, although such adoption is possible. The design was ported in 2007 for relational databases to serve as the foundation of a shared distributed medical data storage system. Future developments will include channel encryption as well as smart contracts.

About Upco International Inc.

Upco International Inc. is a cloud based mobile service company which provides high-quality voice termination to a market driven by the growing activity in online communications and commerce. UPCO is a licensed Global Telecom Carrier within the international VoIP (voice over IP) wholesale business.  Upco has designed a software application for IOS and Android, similar to SKYPE and WHATSAPP,  that will enable fully secure communications, and social media, namely connecting users and sharing pictures, locations, international airtime top up, International and national calls and chatting. Please visit www.upcointernational.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Jag Sandhu, Director and Vice President, Corporate Development
Tel. 778-218-9638

Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or accepted responsibility for the adequacy or accuracy of the content of this news release.

Download PDF: NR 2017 11 27 Upco International – Development of advanced blockchain payment system

Upco International Inc. kündigt Entwicklung eines fortschrittlichen Blockchain-Zahlungssystems an

Vancouver, BC, 27. November 2017, Upco International Inc. (CSE: UPCO) (“UPCO”) freut sich die Planung bekanntgeben zu können, deren aktuelle Applikation um einen Zahlungsdienst zu erweitern, der die fortschrittliche Blockchain-Technologie nutzt. Derzeit ermöglicht die Applikation eine sichere mobile Kommunikation, soziale Medien, den Austausch von Bildern und Standorten, das Aufladen von Gesprächsguthaben, nationale und internationale Anrufe und Chats vergleichbar zu Applikationen wie SKYPE und WhatsApp. Mit der Ergänzung von Blockchain-Zahlungsdiensten können Benutzer: Rechnungen senden, Zahlungen genehmigen, international Geld übertragen, international Währungen konvertieren und alle Transfers und Zahlungen nachverfolgen. Die Anwendung ermöglicht es Anbietern außerdem Kontoinformationen sicher mit ihren Kunden zu teilen.

Herr Andrea Pagani, CEO und Präsident von UPCO, kommentierte: “Die erste Generation der digitalen Revolution hat uns das Internet der Informationen gebracht. Die zweite Generation – angetrieben von der Blockchain-Technologie – bringt uns das Internet der Werte: eine neue Plattform, um die Geschäftswelt neu zu gestalten und die alte Ordnung menschlicher Belange zum Besseren zu verändern. Blockchain ist die Technologie, die der Kryptowährung Bitcoin zugrunde liegt. Blockchain ermöglicht es ein riesiges globales Kassenbuch in einer Datenbank auf Millionen von Geräten zu verteilen, auf denen nicht nur Informationen, sondern auch Wertgegenstände — Geld, aber auch andere Ansprüche, Urkunden, Identitäten, sogar Stimmen — sicher und privat übertragen, gespeichert und verwaltet werden können.”

Das Entwicklungsteam für diesen Blockchain-Zahlungsdienst wird von Dominic da Assuncao geleitet, Senior Business Systems Berater und Full-Stack-Software-Ingenieur mit folgendem Hintergrund: Internationales Geschäft, Betriebsführung, Computersystemmanagement und Computerspielprogrammierung. Seit 1991 stellte Dominic erstklassige Shrink-Wrap-Software sowie kundenspezifische ERP-Systeme, Multimedia-Anwendungen und internetbasierte Auktions- und Medizinsysteme bereit. Gegenwärtig arbeitet Dominic an der Verbesserung eines großen Klinikssystems, das in einem bekannten kanadischen Krankenhaus unter Verwendung der Blockchain-Technologie entwickelt wird.

Seit den späten 1990er Jahren arbeitet Dominic mit unveränderlichen Datenbank-Frameworks, die sich zur Blockchain-Technologie herausgebildet haben. Er hat desweiteren ein experimentelles Selbstarchivierungssystem entwickelt, um große Datenmengen auf nicht wiederbeschreibbaren Speichermedien abzuspeichern. Die Technologie wurde im Weiteren angepasst, um eine ACID-konforme relationale Datenbank zu verwenden und die CRUD-Funktionalität zu simulieren und dabei alle Änderungen an den Datensätzen dauerhaft zu behalten.

Diese Technologie umfasst auch Protokolle, die Daten sicher und automatisch über ein offenes Netzwerk unterschiedlicher Server verteilt, das für die verteilte Netzwerkumgebung optimiert ist. Dies vermeidet effektiv Kosten bei der Transaktionsverarbeitung in einer Peer-to-Peer-Umgebung. Das Design wurde 2007 für relationale Datenbanken übertragen, um als Grundlage für ein gemeinsam genutztes verteiltes medizinisches Datenspeichersystem zu dienen. Zukünftige Entwicklungen werden die Kanalverschlüsselung sowie Smart Contracts umfassen.

Über Upco International Inc.

Upco International Inc. ist ein Cloud-basierter Mobildienstleister, der qualitativ hochwertige Sprachdienste für einen Markt anbietet, der von der wachsenden Aktivität in der Online-Kommunikation und im Handel angetrieben wird. UPCO ist ein lizenzierter globales Telekommunikationsunternehmen im internationalen VoIP-Geschäft (Voice over IP). Die Applikation ermöglicht eine sichere mobile Kommunikation, soziale Medien, den Austausch von Bildern und Standorten, das Aufladen von Gesprächsguthaben, nationale und internationale Anrufe und Chats vergleichbar zu Applikationen wie SKYPE und WhatsApp. Bitte besuchen Sie www.upcointernational.com für weitere Informationen.

IM NAMEN DES BOARD OF DIRECTORS

Jag Sandhu, Director und Vice President, Unternehmensentwicklung

Tel. 778-218-9638

Weder die Canadian Securities Exchange noch ihre Regulierungsorgane (in den Statuten der Canadian Securities Exchange als „Regulation Services Provider“ bezeichnet) haben die Verantwortung für die Angemessenheit oder Genauigkeit des Inhalts dieser Pressemitteilung übernommen.

Die Ausgangssprache Englisch, in der der Originaltext veröffentlicht wird, ist die offizielle, autorisierte und rechtsgültige Version. Diese Übersetzung wird zur besseren Verständigung mitgeliefert. Die deutschsprachige Fassung kann gekürzt oder zusammengefasst sein. Es wird keine Verantwortung oder Haftung: für den Inhalt, für die Richtigkeit, der Angemessenheit oder der Genauigkeit dieser Übersetzung übernommen. Aus Sicht des Übersetzers stellt die Meldung keine Kauf- oder Verkaufsempfehlung dar! Bitte beachten Sie die englische Originalmeldung auf http://thecse.com/en/listings/technology/upco-international-inc oder auf der Firmenwebsite.

Download PDF: NR 2017 11 27 Upco International – Entwicklung eines fortschrittlichen Blockchain-Zahlungssystems

Upco International Inc., formerly NSS Resources Inc., announces filing of CSE listing documents

Vancouver, BC, October 26, 2017:  Upco International Inc. (formerly NSS Resources Inc.) (the “Company” or “Upco”)(CSE: UPCO) is pleased to announce that its name change has become effective today and that it has filed an updated Form 2A listing statement and related documents with the Canadian Securities Exchange (“CSE”).  The Company’s new trading symbol on the CSE is UPCO.

About Upco Systems Inc.

Upco’s wholly-owned subsidiary, Upco Systems Inc., operates primarily in the telecommunications industries as a licensed Global Telecom Carrier within the international VoIP (voice over IP) wholesale business with its main reportable business segment being wholesale international long distance traffic termination.  Upco Systems Inc. has also designed a software application for IOS and Android, similar to SKYPE and WHATSAPP,  that will enable fully secure communications, social media, namely connecting users and sharing pictures, locations, international airtime top up, International and national calls and chatting. Please visit www.upcosystems.com for further information.

 

ON BEHALF OF THE BOARD OF DIRECTORS

Jag Sandhu, Director and Vice President, Corporate Development
Tel. 778-218-9638

Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or accepted responsibility for the adequacy or accuracy of the content of this news release.

Download PDF: NR 2017 10 26 Upco International – Name Changed confirmed

NSS Resources Inc. (CSE: NSS) Closes Acquisition of Upco Systems Inc.

Vancouver, BC, October 24, 2017: NSS Resources Inc., (the “Company” or “NSS”) announces that further to the Company’s news releases dated April 21, 2017 and July 4, 2017, the Company has closed the acquisition of Upco Systems Inc. pursuant to the share exchange agreement (“Share Exchange Agreement”), as amended, among Upco Systems Inc. (“Upco”) and Aduna Holding GmbH (“Aduna”). Pursuant to the Share Exchange Agreement, as amended, NSS acquired all of the issued and outstanding shares of Upco via the issuance of 33,000,000 common shares of NSS at a deemed price of $0.06 per NSS share. A finder’s fee of 2,000,000 NSS shares was paid at closing. All of these securities are subject to CSE escrow requirements and a statutory 4-month hold and are so legended. The acquisition of Upco constituted a fundamental change under CSE policies and was approved by the CSE and by shareholders of the Company holding more than 50% of the issued and outstanding shares of the Company.

The board of directors of the Company following closing of the acquisition is comprised of Andrea Pagani, Jag Sandhu, Franco Zanichelli and Klaus Eckhof. Mr. Pagani has been appointed as the Company’s new President and CEO, and Mr. Sandhu has been appointed as as Vice President, Corporate Development. Mr. Grewal has resigned as a director and continues as CFO of the Company.

Andrea Pagani is the founder of Upco Systems Inc. and has been its CEO since 2014. From September 2011 until March 2014 Mr. Pagani was a solution enterprise architect for Verizon Business. Verizon is a global company, which delivers communications and technology solutions to its customers. Mr. Pagani has also held positions with IBM, Telecom Italia and France Telecom. Mr. Pagani holds a Bachelor of Computer Science in Nanotechnology from the Politecnico of Milano. Jag Sandhu is a specialist in corporate finance and development and has over 18 years of experience in the capital markets. Mr. Sandhu has assisted domestic and international companies in raising multi million dollars for expansion and development. He has dealt extensively with strategic planning, mergers and acquisitions, financings and operations for companies in various industries. Mr. Sandhu has held various senior level executive positions in a number of listed companies. He received his Bachelor of Economics from Simon Fraser University in 1990.

Franco Zanichelli currently works as a foreign finance consultant for several companies and groups in Italy and abroad. Mr. Zanichelli also held several positions as financial director and client relations working with major European and international banks. Mr. Zanichelli holds a Bachelor in Parma, Italy.

Klaus Eckhof is a geologist with more than 20 years of experience in the capital markets. He has raised multi million dollars for publicly listed companies in North America and Australia. Mr. Eckhof has held a number of senior level executive positons with listed companies throughout the globe including Africa. Mr. Eckhof founded Moto Goldmines which acquired the Moto Gold Project in the Democratic Republic of the Congo. There, Mr. Eckhof and his team delineated more than 20 million ounces of gold and delivered a feasibility study within four years from the commencement of exploration. Moto Goldmines was subsequently acquired by Randgold Resources (NASD: GOLD) (LSE: RRS) who poured first gold in September 2013. (600,000 ozs per year producer). Mr Eckhof is the Executive Chairman of AVZ Minerals Ltd. (ASX: AVZ). AVZ is a mineral exploration company focused on developing the Manono Project, potentially one of the world’s largest lithium-rich LCT (lithium, caesium, tantalum) pegmatite deposits. Manono is located in the south of the DRC in central Africa.

Name change

The Company will be changing its name to Upco International Inc. and will have a new trading symbol UPCO.

Stock Options

NSS has granted options to certain directors, officers, employees and consultants of NSS and Upco to purchase up to 3,500,000 common shares in the capital of NSS at an exercise price of $0.06 per share for a period of 5 years from the date of the grant.

Shares for Debt

NSS also announces that it has issued 142,500 common shares in its capital at a deemed price of $0.06 per share to an arm’s length party in settlement of $8,550 in debt. The shares are subject to a statutory 4-month hold and are so legended.

About Upco Systems Inc.

Upco operates primarily in the telecommunications industries as a licensed Global Telecom Carrier within the international VoIP (voice over IP) wholesale business with its main reportable business segment being wholesale international long distance traffic termination. Upco has also designed a software application for IOS and Android, similar to SKYPE and WHATSAPP, that will enable fully secure communications, social media, namely connecting users and sharing pictures, locations, international airtime top up, International and national calls and chatting. Please visit www.upcointernational.com for further information.

For the year ended December 31, 2016 (Audited), Upco had revenues of $US $12,068,708 (2015: $US 2,527,155) and operating expenses of $US11,961,374 (2015: $US 2,195,785), which resulted in a gross profit of $US 107,334 (2015: $US 331,370). After operating expenses of $US 699,543 (2015: $US 324,330) and other transactions totaling $US 16,348 (gain) (2015: $US 8,453 (expenses)), Upco for 2016 had net loss of $US 608,557 and for 2015 had net income of $US 15,493. As at December 31, 2016, Upco had assets totaling $US 1,248,241 (2015: $US 1,231,809), liabilities totaling $US 1,870,946 (2015: $US 1,245,957) and working capital of $US 495,256 (2015: $US 700,105).

ON BEHALF OF THE BOARD OF DIRECTORS

Jag Sandhu, Director and Vice President, Corporate Development
Tel. 778-218-9638

Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or accepted responsibility for the adequacy or accuracy of the content of this news release.

Download PDF: NR 2017 10 24 NSS Upco Acquisition Closed SO SFD

NSS Resources Inc., (CSE: NSS) Announces Share Exchange Agreement with Upco Systems Inc. and Aduna Holding GmbH

Vancouver, BC, July 4, 2017: NSS Resources Inc., (the “Company” or “NSS”) announcesthat further to the Company’s news release dated April 21, 2017, the Company has entered into a share exchange agreement (“Share Exchange Agreement”) with Upco Systems Inc. (“Upco”) and Aduna Holding GmbH (“Aduna”). Pursuant to the Share Exchange Agreement, NSS will acquire all of the issued and outstanding shares of Upco via the issuance of 33,000,000 common shares of NSS at a deemed price of $0.06 per NSS share. A finder’s fee of 2,000,000 NSS shares will be paid at closing. All of these securities will be subject to CSE escrow requirements and a statutory 4-month hold and will be so legended.

At closing and at the sole discretion of the board of directors of NSS as constituted immediately after the time of closing, NSS will grant options to certain directors, officers, employees and consultants of NSS and Upco to purchase up to 3,722,500 common shares in the capital of NSS at a deemed exercise price of $0.06 or as may be allowed by any regulatory authority.

Closing of the proposed transaction is subject to a number of conditions being satisfied or waived at or prior to closing, including the following:

  • no material adverse change with respect to Upco or its business having occurred prior to closing of the Share Exchange Agreement;
  • the receipt of all required regulatory and Canadian Securities Exchange approvals; and
  • The transaction represents a fundamental change pursuant to the Policies of the Canadian Securities Exchange, and is subject to shareholder approval. Following the transaction, the business of the issuer will be the business of Upco.

Shares for Debt

NSS also announces that it has issued 142,500 common shares in its capital at a deemed price of $0.06 per share to an arm’s length party in settlement of $8,550 in debt. The shares are subject to a statutory 4-month hold and are so legended.

Lapse of Claims

NSS also announces that it has let lapse a total of 8 claims on the Company’s NSS Seneca property totaling 4,228 hectares. The remaining claims held by the Company total 147 hectares and have a good-to date of July 10, 2017.


About Upco Systems Inc.

Upco operates primarily in the telecommunications industries as a licensed Global Telecom Carrier within the international VoIP (voice over IP) wholesale business with its main reportable business segment being wholesale international long distance traffic termination. Upco has also designed a software program that will enable fully secure communications, social media, namely connecting users and sharing pictures, locations, international airtime top up, International and national calls and chatting. Please visit www.upcointernational.com for further information.

For the year ended December 31, 2015 (Audited), Upco had revenues of $US 2,527,155 and operating expenses of $US 2,195,785, which resulted in a gross profit of $US 331,370. After operating expenses of $US 324,330 and other transactions totaling $US 8,453, Upco had net income of $US 15,493. As at December 31, 2015, Upco had assets totaling $US 1,231,809, liabilities totaling $US 1,245,957 and working capital of $US 700,105.

ON BEHALF OF THE BOARD OF DIRECTORS

Jag Sandhu, President & CEO
Tel. 778-218-9638

Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or accepted responsibility for the adequacy or accuracy of the content of this news release.

NSS Resources Inc., (CSE: NSS) Announces Letter of Intent with Upco Systems Inc. and Aduna Holding GmbH

Vancouver, BC, April 21, 2017: NSS Resources Inc., (the “Company” or “NSS”) announces that it has entered into a non-binding letter of intent (“Letter of Intent”) with Upco Systems Inc. (“Upco”) and Aduna Holding GmbH (“Aduna”). Pursuant to the Letter of Intent, NSS, Upco and Aduna, which is the sole shareholder of Upco, will enter into a definitive agreement (“Definitive Agreement”) whereby NSS will acquire all of the issued and outstanding common shares of Upco via the issuance of 33,000,000 common shares of NSS at a deemed price of $0.06 per NSS share. A finder’s fee of 2,000,000 NSS shares will be paid at closing. All of these securities will be subject to CSE escrow requirements and a statutory 4-month hold and will be so legended.

At closing and at the sole discretion of the board of directors of NSS as constituted immediately after the time of closing, NSS will grant options to certain directors, officers, employees and consultants of NSS and Upco to purchase up to 3,722,500 common shares in the capital of NSS at an exercise price of $0.07 per share or at such lower exercise price as may be allowed by any regulatory authority.

Closing of the proposed transaction is subject to a number of conditions being satisfied or waived at or prior to closing, including the following: execution of a mutually acceptable Definitive Agreement;

  • execution of a mutually acceptable Definitive Agreement;
  • satisfactory completion of due diligence by each of the parties prior to execution of the Definitive Agreement;
  • no material adverse change with respect to Upco or its business having occurred; and
  • the receipt of all required regulatory and Canadian Securities Exchange approvals.


About Upco Systems Inc.

Upco operates primarily in the telecommunications industries as a licensed Global Telecom Carrier within the international VoIP (voice over IP) wholesale business with its main reportable business segment being wholesale international long distance traffic termination. Upco has also designed a software program that will enable fully secure communications, social media, namely connecting users and sharing pictures, locations, international airtime top up, International and national calls and chatting. Please visit www.upcointernational.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Jag Sandhu, President & CEO
Tel. 778-218-9638

Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or accepted responsibility for the adequacy or accuracy of the content of this news release.