Upco International Inc. obtains a capital commitment agreement of CAD 20 Millions from partner LDA Capital

Vancouver, BC, December 18, 2019, Upco International Inc. (CSE: UPCO) (OTC: UCCPF) (Frankfurt: U06) (“Upco”) is pleased to announce that the capital commitment agreement between LDA capital LLC and Upco international is executed and signed.

The agreement will enable Upco to execute its marketing and distribution plan in multiple countries.

“The Upco application and its functions will be explained during 2020 via our website, social media and print media in order to attract corporate clients and end-users.” Mentioned Gerben Borsje, Chief Commercial Officer at Upco

LDA Capital’s commitment is an equity injection of CAD 20 Millions for the next 3 years. The funds will be used specifically for working capital, brand development, PR and marketing campaigns.

“Upco’s blockchain-driven technology combined with their mobile, social and payment integrations fit well with LDA’s expertise within the evolving emerging technologies sector.  The global use of interactive applications is rapidly growing, and we foresee Upco playing an important role in the sector over the years to come,” mentioned Anthony Romano, Managing Partner of LDA Capital.

“This important milestone helps expedite the implementation of UPCO’s roll-up strategy and is poised to entice new investors to become part of a successful story.” Stated Chris Manfre, managing director at Bardi Co.

“The strategy Gerben and I designed in 2018 is now falling into place, Upco will realize exciting Milestone within the next year.” Stated Andrea Pagani, CEO of Upco International.


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 Apple iOS and Android, similar to SKYPE and WhatsApp. With the forthcoming addition of the Upco e-Wallet using 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.

Please visit upcointernational.com or upcomobile.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Andrea Pagani, CEO and Director
office@upcointernational.com
212 461 3676


About LDA Capital LLC

LDA is a global alternative investment group with expertise in complex, cross border transactions. Our firm was founded in 2018 with a focus on special situations in emerging private and public companies requiring capital solutions. The Founders have a 20-year business history together having collectively executed over 200 transactions in both the public and private markets. Both founders have dedicated their careers to international & cross border opportunities, having transacted in 42 countries with aggregate transaction values of over $5 billion. LDA has an industry concentration in lifestyle & wellness, media, gaming, film & content, technology, software, life sciences, cannabis and natural resources.

Please visit www.ldacap.com for further information.

Anthony Romano
Managing Partner
12400 Wilshire Blvd
Suite 360
Los Angeles, CA 90025

Office: +1 (323) 471-4317
info@ldacap.com

About Bardi Co.

Bardi Co. is a transnational boutique investment bank offering services to middle-market companies in a variety of industries. The firm specializes in mergers and acquisitions, fairness opinions, private placements, restructuring and business valuation for various purposes. Bardi Co.’s goal is to be the leading financial and trusted advisors to middle-market companies.

633 West 5th Street, 28th Floor
Los Angeles, CA 90071
Tel 877.774.1326
Fax 877.774.1326
www.bardico.com


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.


Forward-Looking Statements

Except for the statements of historical fact, the information contained herein is of a forward-looking nature. Such forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of the Company to be materially different from any future results, performance or achievements expressed or implied by statements containing forward-looking information. Such factors include continued availability of capital and financing and general economic, market or business conditions.

Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that statements containing forward-looking information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on statements containing forward-looking information. Readers should review the risk factors set out in the Company’s Filing Statement as filed on SEDAR.

Upco International Inc. Signs Partnership Agreement With Dilbert International Ltd.

Vancouver, BC, November 22, 2019, Upco International Inc. (CSE: UPCO) (OTC: UCCPF) (FSE: U06) (“Upco”) is pleased to announce a partnership agreement with Dilbert International Ltd, an England and Wales private Company who introduces Paytogo : https://paytogo.app starting in Portugal and the United Kingdom

Upco developed an advanced eWallet system (UpcoPay), a front-end app with robust back-end software. Upco’s E-wallet manages transaction tracking, reporting and a full range of other functions.

This solution is based on live transaction processing through integration with Upco’s banking partners. Upco is gearing up to offer checking accounts to consumers, and Upco’s banking partners will handle all financial and compliance activities. This strategy will put Upco’s financial institution partners more in front of the E-wallet users. Upco opens the door for loyalty programs.

Paytogo.app users living in Europe will be integrated into the E-wallet “UpcoPay”. The terms of the recently signed Collaborative Agreement enables the users to pay and transfer funds thanks to a personal checking account and Prepaid card.

Directly after Dilbert has introduced the Paytogo.app users to the UpcoPay E-wallet, international money transfer, credit and debit card facilities will be implemented for the user.

Massimo Travagli Managing Director of Paytogo North America LLC and Paytogo Brazil LTD stated, “ the UpcoPay e-wallet fits perfectly in our expansion and distribution plan for Europe. Our users will have a better pay and transfer service and therefore more complete products on their mobile.”

“This is another milestone for our company” commented Mr. Andrea Pagani, Chairman of the Board of Upco, “In a rapidly evolving world, technology has reinvented commerce, and digital purchases are becoming more mobile-based, this alters the role the payment industry plays in this transition. We strongly believe that UpcoPay will have a role in this evolution.

Upco also reports that Mr. Franco Zanichelli, has resigned from the board of directors for personal reasons.  The Board of Directors would like to thank Mr. Zanichelli for his contribution to Upco.

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 Apple iOS and Android, similar to SKYPE and WhatsApp. With the forthcoming addition of the Upco e-Wallet using 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.

Please visit upcointernational.com or upcomobile.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Andrea Pagani, CEO and Director
office@upcointernational.com
212 461 3676

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.


Forward-Looking Statements

Except for the statements of historical fact, the information contained herein is of a forward-looking nature. Such forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of the Company to be materially different from any future results, performance or achievements expressed or implied by statements containing forward-looking information. Such factors include continued availability of capital and financing and general economic, market or business conditions.

Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that statements containing forward-looking information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on statements containing forward-looking information. Readers should review the risk factors set out in the Company’s Filing Statement as filed on SEDAR.

Upco International Inc. Signs a Non-Binding Letter of Intent with its Second Telecom Target

Vancouver, BC, November 13, 2019, Upco International Inc. (CSE: UPCO, OTCQB: UCCPF, Frankfurt: U06) (“Upco”, the “Company”) is pleased to announce that on November 5, 2019, it has successfully signed a non-binding Letter of Intent (“LOI”) to acquire its second target in the telecom industry. The acquisition Target (the “Target”), name undisclosed at this time, is a Germany telecom company with extensive connections and business in Europe. Upco will pay a total consideration of EURO 4,150,000 (CAN$6,017,500) that includes cash consideration and earn out as follows: EURO 3,250,000 (CAN$4,712,500) ) in cash at closing and earn out of EURO 300,000 (CAN$435,000) in Upco stock at the end of the second quarter of 2020 at a price of CAN$0.29 per share and Upco stock in the amount of EURO 600,000 (CAN$870,000) Euros at the end of fiscal year of 2020 at a price of CAN$0.29 per share. With regards to Upco shares, the shareholders of the Target will not sell or transfer shares until January 1, 2021. Upco plans to raise funds in order to satisfy the cash consideration. The CAN$0,29 per share price was negotiated between the Target and Upco.

Upco will conduct further financial and operational due diligence as the next step of the process, which will be led by the Company’s CFO, Ruy Ivaldi, in conjunction with Upco’s US-based investment banking advisor, Bardi Co. LLC. Upon a successful due diligence process and definitive agreement, Upco will focus on integrating its UpcoPay eWallet into the growing Business to Consumer (B2C) mobile payments market.

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 Apple iOS and Android, similar to SKYPE and WhatsApp. With the forthcoming addition of the Upco e-Wallet using 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.

Please visit upcointernational.com or upcomobile.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Andrea Pagani, CEO and Director
office@upcointernational.com
212 461 3676

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.


Forward-Looking Statements

Except for the statements of historical fact, the information contained herein is of a forward-looking nature. Such forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of the Company to be materially different from any future results, performance or achievements expressed or implied by statements containing forward-looking information. Such factors include continued availability of capital and financing and general economic, market or business conditions.

Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that statements containing forward-looking information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on statements containing forward-looking information. Readers should review the risk factors set out in the Company’s Filing Statement as filed on SEDAR.

Upco International Signs a Non-Binding Letter of Intent with its first Telecom Target

Vancouver, BC, November 1, 2019, Upco International Inc. (CSE: UPCO, OTCQB: UCCPF, Frankfurt: U06) (“Upco”, the “Company”) is pleased to announce that it has successfully signed a non-binding Letter of Intent (“LOI”) to acquire its first target in the telecom industry.

The acquisition Target (the “Target”), name undisclosed at this time, is a United States telecom company with extensive connections and business in Latin America. The Target plans to expand its operations into the Caribbean and Africa, which syncs with Upco’s strategic expansion plan.

Upco will conduct further financial and operational due diligence as the next step of the process, which will be led by the Company’s CFO, Ruy Ivaldi, in conjunction with Upco’s US-based investment banking advisor, Bardi Co. LLC. Upon a successful due diligence process and definitive agreement, Upco will focus on integrating its UpcoPay eWallet into the growing Business to Consumer (B2C) mobile payments market.

Upco International’s Chief Executive Officer, Andrea Pagani, commented: “Upco continues to work hard on growing its operations organically and through strategic M&A opportunities. This Target would be the first material milestone allowing us to establish a stronger footprint in the wholesale and retail telecom industry throughout the emerging markets. We look forward to providing updates on our progress with a primary focus on creating value for our shareholders.”

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 Apple iOS and Android, similar to SKYPE and WhatsApp. With the forthcoming addition of the Upco e-Wallet using 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.

Please visit upcointernational.com or upcomobile.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Andrea Pagani, CEO and Director
office@upcointernational.com
212 461 3676

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.


Forward-Looking Statements

Except for the statements of historical fact, the information contained herein is of a forward-looking nature. Such forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of the Company to be materially different from any future results, performance or achievements expressed or implied by statements containing forward-looking information. Such factors include continued availability of capital and financing and general economic, market or business conditions.

Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that statements containing forward-looking information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on statements containing forward-looking information. Readers should review the risk factors set out in the Company’s Filing Statement as filed on SEDAR.

Upco International Inc. Announces Closing of First Tranche of Financing Subscribed By A US Family Office

Vancouver, BC, October 17, 2019, Upco International Inc. (CSE: UPCO) (OTCQB: UCCPF) (Frankfurt: U06) (“Upco”) is pleased to announce it has closed the first tranche of the previously announced financing to raise up to $600,000 at $0.10 per unit.  Pursuant to the first tranche, Upco has issued 4,500,000 units at $0.10 per unit for gross proceeds of $450,000.  Each unit consists of one share and one-half of one common share purchase warrant (“Warrant”) where each whole Warrant entitles the holder to purchase one additional common share (“Warrant Share”) at an exercise price of $0.15 for a period of 4 years. This first tranche was subscribed by one US-based family office.   Bardi Co. was paid a finders fee of $22,500.  The Proceeds will be used for general working capital.

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 Apple iOS and Android, similar to SKYPE and WhatsApp. With the forthcoming addition of the Upco e-Wallet using 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.

Please visit upcointernational.com or upcomobile.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Andrea Pagani, CEO and Director
office@upcointernational.com
212 461 3676

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.


Forward-Looking Statements

Except for the statements of historical fact, the information contained herein is of a forward-looking nature. Such forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of the Company to be materially different from any future results, performance or achievements expressed or implied by statements containing forward-looking information. Such factors include continued availability of capital and financing and general economic, market or business conditions.

Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that statements containing forward-looking information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on statements containing forward-looking information. Readers should review the risk factors set out in the Company’s Filing Statement as filed on SEDAR.

Upco International Inc. Annouces Private Placement

Vancouver, BC, October 10, 2019, Upco International Inc. (CSE: UPCO) (OTC: UCCPF) (Frankfurt: U06) (“Upco”) is pleased to announce that it intends to complete a private placement of up to 6,000,000 units (“Units”) at a price of $0.10 per unit, for gross proceeds of approximately $600,000 (the “Offering”). Each Unit is comprised of one common share (“Share”) and one-half of one common share purchase warrant (“Warrant”) where each whole Warrant entitles the holder to purchase one additional common share (“Warrant Share”) at an exercise price of $0.15 per Warrant Share until 4:00 p.m. (Vancouver time) on the first business day after the date that is four (4) years from the closing date (the “Closing Date”) of the offering of the Units. On June 21, 2019, Bardi Co. was appointed by Upco as its investment banking advisor. Bardi Co. is a transnational boutique investment bank headquartered in Los Angeles, CA, USA and focuses on providing Merger and Acquisition (M&A), and corporate finance advisory services to growing middle-market companies.

Upco intends to use the net proceeds from the Offering for general corporate and working capital purposes. The securities issued and issuable pursuant to the Offering will be subject to a four-month and one day statutory hold period.  The offering is expected to close on about November 10, 2019.

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 Apple iOS and Android, similar to SKYPE and WhatsApp. With the forthcoming addition of the Upco e-Wallet using 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.

Please visit upcointernational.com or upcomobile.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Andrea Pagani, CEO and Director
office@upcointernational.com
212 461 3676

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.


Forward-Looking Statements

Except for the statements of historical fact, the information contained herein is of a forward-looking nature. Such forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of the Company to be materially different from any future results, performance or achievements expressed or implied by statements containing forward-looking information. Such factors include continued availability of capital and financing and general economic, market or business conditions.

Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that statements containing forward-looking information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on statements containing forward-looking information. Readers should review the risk factors set out in the Company’s Filing Statement as filed on SEDAR.

Download PDF: NR 2019 10 10 Upco International – Announces Private Placement

Upco International Inc. Announces Two New Executives To Accelerate M&A Activities

Vancouver, BC, September 16, 2019, Upco International Inc. (CSE: UPCO) (OTCQB: UCCPF) (Frankfurt: U06) (“Upco”) is pleased to announce that it has appointed Mr. Gerben Borsje to the Board of Directors of Upco Systems Inc. and has appointed Mr. Sebastiano Galantucci as its Chief Operating Officer.  Upco Systems Inc. is a 100% owed subsidiary of Upco International Inc.  Mr. Brosje is joining the Telecom Division of Upco to help drive the Mergers and Acquisitions (M&A) process initiated by Bardi and Co. Bardi Co. is a transnational boutique investment bank headquartered in Los Angeles, CA, USA and focuses on providing M&A, and corporate finance advisory services to growing middle market companies.

Mr.Borsje is a self-made sales and distribution driven entrepreneur. He has built various consumer brands on a global and pan-European scale. He has more than two decades experience and knowledge with fast moving consumer products. His capacity in building bridges and out-of-the-box thinking will be a tremendous asset to Upco. He has extensive experience with managing negotiations for commercial agreements on an international level.

Mr. Galantucci has extensive experience in business management. From traditional telecom sector to digital arena, he built a  Digital Enabler with operations in London, Bahrain, Hong Kong and Manila. He has extensive experience in the M&A space particularly in the Telecom and Fintech area.

With the addition of Mr. Borsje and Mr. Galantucci, Upco is well positioned to accelerate its M&A activities and is targeting the US and European markets.

Mr. Andrea Pagani, CEO and President commented: “I’m very exited to work with an experienced team who will tremendously help in completing our vision. Bardi Co will also be providing great knowledge and expertise for Upco in the Capital Markets.”

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 Apple iOS and Android, similar to SKYPE and WhatsApp. With the forthcoming addition of the Upco e-Wallet using 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.

Please visit upcointernational.com or upcomobile.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Andrea Pagani, CEO and Director
office@upcointernational.com
212 461 3676

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.

Forward-Looking Statements

Except for the statements of historical fact, the information contained herein is of a forward-looking nature. Such forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of the Company to be materially different from any future results, performance or achievements expressed or implied by statements containing forward-looking information. Such factors include continued availability of capital and financing and general economic, market or business conditions.

Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that statements containing forward-looking information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on statements containing forward-looking information. Readers should review the risk factors set out in the Company’s Filing Statement as filed on SEDAR.

Upco International Inc. Announces UpcoPay Middleware Fully Completed

Vancouver, BC, September 10, 2019, Upco International Inc. (CSE: UPCO) (OTC: UCCPF) (Frankfurt: U06) (“Upco”) is pleased to announce that UpcoPay, the middleware to interconnect multiple Bank partners, merchants, and its mobile application is now fully completed.

Upco selected Google kubernetes engine as the best infrastructure to host the UpcoPay middleware. Companies such as Spotify, HSBC, Home Depot, Snapchat, HTC, Best Buy, Philips, Coca Cola, Domino, Feedly, ShareThis, Sony Music e Ubisoft are also using the same engine.

UpcoPay has been designed by using the language called “SCALA”, a general-purpose, high-level, multi-paradigm programming language. It is a pure object-oriented programming language which also provides the support to the functional programming approach. Scala stands for Scalable language. In software development world Scala is considered to be a high-end language and has the reputation of being a complex language. The Scala programming language is used by many companies to develop commercial software and production systems.  LinkedIn, EDFT, AirBnB, Klout, Apple, Verizon, Twitter, Novell, the Guardian, Xebia, Xerox, FourSquare, Sony, Siemens, Thatcham,OPower, GridGain, AppJet and Reaktor all use this system.

UpcoPay Platform features include:

  • Distribuite Domain-driven design,
  • Microservices (DDD bounded context)
  • Responsive
  • Resilient
  • Elastic
  • message driven

Mr. Andrea Pagani, CEO and President of Upco, commented, “we are excited to have UpcoPay ready after several months of hard work, this is an important milestone for the company, now we can have the freedom to integrate multi Bank partners, starting with eMoney for Europe, and complete the integration with our Mobile application and transform it in a fully fintech app, maintaining the Telecom features inside”.

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 Apple iOS and Android, similar to SKYPE and WhatsApp. With the forthcoming addition of the Upco e-Wallet using 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.

Please visit upcointernational.com or upcomobile.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Andrea Pagani, CEO and Director
office@upcointernational.com
212 461 3676

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.

Forward-Looking Statements

Except for the statements of historical fact, the information contained herein is of a forward-looking nature. Such forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of the Company to be materially different from any future results, performance or achievements expressed or implied by statements containing forward-looking information. Such factors include continued availability of capital and financing and general economic, market or business conditions.

Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that statements containing forward-looking information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on statements containing forward-looking information. Readers should review the risk factors set out in the Company’s Filing Statement as filed on SEDAR.

Upco International Inc. Has Appointed Mr. Ruy Ivaldi, CPA, as the Chief Financial Officer

Vancouver, BC, August 16, 2019, Upco International Inc. (CSE: UPCO) (OTCQB: UCCPF) (FSE: U06) (“Upco”) is pleased to announce that it has appointed Mr. Ruy Ivaldi as the Chief Financial Officer.

Ruy Ivaldi has extensive experience in the media and telecommunication sectors, having worked for the Grupo Clarin S.A. in Argentina for 20 years, mostly in the corporate finance and the strategic planning sector. Grupo Clarín S.A. is the most prominent and diversified media group in Argentina and one of the most important in the Spanish-speaking world. The Company is organized and operates in Argentina.

Grupo Clarín is present in the Argentine printed media, radio, broadcast and cable television, audiovisual production, the printing industry and Internet access. He was the CFO for the Latam branch of the group for the last 6 years. He was responsible for the Administrative and Finance areas, HHRR and part of the Operations and Legal issues.

Mr. Ivaldi also worked for over 8 years as an auditor in PriceWaterhouseCoopers (“PwC”), having dealt with mergers and acquisitions, due diligence, processes enhancement and others in various industries. Mr. Ivaldi holds a Business Administration Degree and an Accounting Degree from the Universidad de Buenos Aires, Argentina and is a CPA.

Mr. Andrea Pagani, CEO and President of Upco, commented, “we are pleased to have Mr. Ivaldi join our team. With Mr. Ivaldi’s extensive experience in financial planning and risk management together with his proven leadership skills, will serve us well as we continue to grow and enhance our Company”.

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 Apple iOS and Android, similar to SKYPE and WhatsApp. With the forthcoming addition of the Upco e-Wallet using 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.

Please visit upcointernational.com or upcomobile.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Andrea Pagani, CEO and Director
office@upcointernational.com
212 461 3676

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.


Forward-Looking Statements

Except for the statements of historical fact, the information contained herein is of a forward-looking nature. Such forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of the Company to be materially different from any future results, performance or achievements expressed or implied by statements containing forward-looking information. Such factors include continued availability of capital and financing and general economic, market or business conditions.

Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that statements containing forward-looking information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on statements containing forward-looking information. Readers should review the risk factors set out in the Company’s Filing Statement as filed on SEDAR.

Download PDF: NR 2019 08 16 Upco International – Has Appointed Mr Ruy Ivaldi CPA as the Chief Financial Officer

Upco International Inc. hat Herrn Ruy Ivaldi, CPA, zum Chief Financial Officer ernannt

Vancouver, British Columbia, 16. August 2019, Upco International Inc. (CSE: UPCO) (OTCQB: UCCPF) (FSE: U06) (“Upco”) freut sich bekannt zu geben, dass es Herrn Ruy Ivaldi zum Chief Financial Officer ernannt hat.

Ruy Ivaldi verfügt über umfangreiche Erfahrung im Medien- und Telekommunikationssektor und war 20 Jahre lang für die Grupo Clarín S.A. in Argentinien tätig, hauptsächlich im Bereich Corporate Finance und strategische Planung. Grupo Clarín S.A. ist die führende und diversifizierte Mediengruppe in Argentinien und eine der wichtigsten im gesamten spanischsprachigen Raum. Das Unternehmen ist in Argentinien ansässig und tätig.

Die Grupo Clarín ist in den argentinischen Printmedien, Radio, Rundfunk und Kabelfernsehen, audiovisuellen Produktionen, der Druckindustrie und der Bereitstellung von Internetzugängen vertreten. Herr Ivaldi war die letzten 6 Jahre Chief Financial Officer der Latam-Niederlassung der Gruppe. Er war verantwortlich für die Bereiche Verwaltung und Finanzen, HHRR (Human Health Risk Rescoures) und einen Teil weiterer Geschäftsbereiche sowie Recht.

Herr Ivaldi war außerdem über 8 Jahre lang als Wirtschaftsprüfer bei PriceWaterhouseCoopers (PwC) tätig, wo er sich mit Fusionen und Übernahmen, Due Diligence, Prozessverbesserung und weiteren Bereichen in verschiedenen Branchen beschäftigt hatte. Herr Ivaldi hat einen Abschluss in Betriebswirtschaft und Buchhaltung (CPA) von der Universidad de Buenos Aires, Argentinien.

Andrea Pagani, CEO und Präsident von Upco, kommentierte: “Wir freuen uns, dass Herr Ivaldi unser Team verstärkt. Mit Herrn Ivaldis umfangreicher Erfahrung in der Finanzplanung und im Risikomanagement in Verbindung mit seinen bewährten Führungsqualitäten wird er uns bei unserem weiteren Wachstum und der Weiterentwicklung unseres Unternehmens helfen”.

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 lizenziertes globales Telekommunikationsunternehmen im internationalen VoIP-Geschäft (Voice over IP). Upco hat eine Softwareanwendung für Apple iOS und Android entwickelt, die mit Applikationen wie SKYPE und WhatsApp vergleichbar ist. Mit der bevorstehenden Ergänzung des Upco E-Wallet mit Blockchain-Zahlungsdiensten können die Benutzer: Rechnungen senden, Zahlungen genehmigen, internationale Geldüberweisungen tätigen, internationale Währungen konvertieren sowie Überweisungen und Zahlungen nachverfolgen. Die Anwendung wird es den Händlern ferner ermöglichen, Konteninformationen sicher an ihre Kunden weiterzugeben.

Bitte besuchen Sie die Websites upcointernational.com oder upcomobile.com für weitere Informationen.

FÜR DAS BOARD OF DIRECTORS:

Andrea Pagani, CEO and Director
office@upcointernational.com
212 461 3676

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.

Zukunftsgerichtete Aussagen

Mit Ausnahme von Aussagen über historische Fakten sind die in dieser Pressemitteilung enthaltenen Informationen zukunftsgerichtete Informationen. Diese zukunftsgerichteten Informationen umfassen bekannte und unbekannte Risiken, Unwägbarkeiten und andere Faktoren, die dazu führen könnten, dass die tatsächlichen Ergebnisse, Leistungen oder Erfolge des Unternehmens wesentlich von zukünftigen Ergebnissen, Leistungen oder Erfolgen abweichen, die in den Aussagen, die zukunftsgerichtete Informationen enthalten, zum Ausdruck kommen. Zu diesen Faktoren zählen die kontinuierliche Verfügbarkeit von Kapital und Finanzmitteln sowie die allgemeinen Wirtschafts-, Markt- oder Geschäftsbedingungen.

Obwohl das Unternehmen bemüht war, die wichtigen Faktoren zu identifizieren, die dazu führen könnten, dass die tatsächlichen Ergebnisse wesentlich abweichen, können weitere Faktoren dazu führen, dass die Ergebnisse nicht wie erwartet, geschätzt oder beabsichtigt ausfallen. Es besteht keinerlei Gewissheit, dass sich die Aussagen, die zukunftsgerichtete Informationen enthalten, als zutreffend erweisen werden, da die tatsächlichen Ergebnisse und künftigen Ereignisse wesentlich von dem abweichen können, was in diesen Aussagen zum Ausdruck kommt. Die Leser sollten sich daher nicht über Gebühr auf Aussagen verlassen, die zukunftsgerichtete Informationen enthalten. Die Leser sollten die Risikofaktoren prüfen, die in der Registrierungserklärung des Unternehmens auf SEDAR dargelegt sind.

Die Ausgangssprache (in der Regel 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, die Richtigkeit, die Angemessenheit oder die Genauigkeit dieser Übersetzung übernommen. Aus Sicht des Übersetzers stellt die Meldung keine Kauf- oder Verkaufsempfehlung dar! Bitte beachten Sie die englische Originalmeldung auf www.sedar.com, www.sec.gov, www.asx.com.au/ oder auf der Firmenwebsite!

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