Upco International Inc. Announces Agreement with Token Open Banking Platform

Vancouver, BC, May 19, 2020, Upco International Inc. (CSE: UPCO) (OTCQB: UCCPF) (FSE: U06) (“Upco”) is pleased to announce that it has reached an agreement with Token.io to leverage its open banking platform for mobile transaction processing.  Under the terms of the agreement, UpcoPAY, an extension of Upco Mobile Messenger, will use Token Pay™ to enable the delivery of account-to-account (A2A) transfer services and account-to-merchant (A2M) payment services.  Token.io is a leading open banking platform provider, connected to more than 6,000 banks throughout Europe. Their platform enables PSD2 compliance, data aggregation and bank direct payments driven by Smart Token technology for banks and TPPs.

Integration with Token’s open banking platform significantly enhances the options that are available via Upco Mobile Messenger, while simplifying A2A and A2M transaction processing.  Token’s API provides pan-European bank connectivity so that Upco can quickly and cost-effectively establish a connection to any bank to initiate payments and data requests on behalf of its customers. Using Token’s interface, payments are confirmed instantly, and transaction fees are reduced by up to 50%.

For the corresponding release from Token.io, please go to Upco Selects Token.

Mr. Andrea Pagani Chief Executive Officer, Upco International Inc., commented, “This agreement, which enables Upco’s diversification into mobile banking services, is immensely important in terms of it’s implications for both corporate growth and benefits to our user community.  With the Token integration in the near term – freeing users from debit and credit card transactions – we are undertaking a multi-phase deployment of sophisticated solutions in the evolving Fintech / Open Banking sector.  The second phase will introduce remittance functionality.  During Phase 3, and once authorized to do so, we will be supporting users as an Account Information Service Provider (AISP) and a Payment Initiation Service Provider (PISP).  Phase 4 will see Upco becoming an Electronic Money Institution, with full e-wallet capability.  In parallel with these staged enhancements Upco is continuing to pursue business development and marketing opportunities, which include offering UpcoPay to aggregators, starting in Italy. Via this strategy, Upco anticipates streamlined and rapid growth in its user base. Partnership discussions are currently underway with a number of potential partners.”

Todd Clyde, CEO of Token added: “Open banking is entering the next phase in its development, so companies need to look beyond faster and cheaper to how they can achieve a sustainable advantage that delivers long term value and benefits. We are working with Upco to implement A2A payment functionality and once live, look forward to helping them build out clear points of difference in their popular market.

About Upco International Inc.

Upco International Inc. is a cloud-based mobile service company that 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 Upco International Inc.
office@upcointernational.com
+1 (212) 461 3676

North American Investor Contact

Trent Collett (Officer, Upco International)
trent.collett@upcointernational.com
+1 (604) 308-0340

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 been accepted as a StreamOn partner by Deutsche Telekom

Vancouver, BC, April 28, 2020, Upco International Inc. (CSE: UPCO) (OTCQB: UCCPF) (FSE: U06) (“Upco”) is pleased to announce that Upco Messenger has been successfully tested by Deutsche Telekom and that Upco will be added as a StreamOn “Social & Chat” Partner effective May 4, 2020.  Deutsche Telekom, formed in 1995, is a German telecommunications company headquartered in Bonn, and the largest telecommunications company in Europe on the basis of revenue.  Via StreamOn users with a Telekom Mobile SIM enjoy EU-wide use of the audio, video, gaming, and social media and messenger services of participating partners without using the data assigned to their contract subscription (i.e. essentially streaming without worrying about data usage).

Upco’s partnership with Telekom will be communicated via their social media channels and StreamOn website, where other partners in the Social & Chat category include Facebook, Whatsapp, Instagram, Snapchat, YouTube, and Twitter.

Benefits to Upco and its users via this partnership include:

  • A substantial increase Upco’s visibility in countries where Telekom is providing StreamOn.
  • Streaming of a wide variety of content without worrying about data consumption.
  • Use of the Telekom Mobile Network for UpcoPay, which will ensure secure, reliable and rapid validation of cashless payments.

Regarding the partnership, Mr. Andrea Pagani Chief Executive Officer, Upco International Inc., commented, “This partnership is a significant achievement for UPCO and a substantial benefit to its users.  It affirms the quality and reliability of our technology while substantially extending Upco’s reach and marketing capabilities. StreamOn is a key step toward providing our users with accessible and affordable services through unrestricted use of audio, video and call content on the best mobile network. We are continuing to move forward with other enhancements to the Upco platform, including extension of Fintech services, while also pursuing additional strategic alliances.”

BC Securities Commission Filing Postponement

With reference to sec. 10 of BCI 51-515 (Temporary Exemption from Certain Corporate Finance Requirements), Upco announces that it is postponing filing of Annual Financial Statements and MD&A for the period January 1 to December 31, 2019, due to COVID-19 related delays.   The company is relying on the 45 day-filing extension from April 29, 2020, during which time, it will file the required reports.

Chief Financial Officer Position

Effective 16th of April Mr. Ruy Ivaldi, CPA, has finished his position as CFO of Upco International. Andrea Pagani is assuming a temporary CFO position.

Community Support during COVID-19

Mindful of the impacts of the COVID-19 pandemic on business and everyday life, Upco is pleased to announce that, as a benefit to the community, it will be providing free international service, on calls originating with Upco, to locations in China, the USA, Canada, India and all of Europe.  Free service will continue to be offered during the present lockdown and until further notice.

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 Upco International Inc., Upco Systems Inc.

office@upcointernational.com

+1 (212) 461 3676

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. 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.