Upco International – Form of Proxy 2020

Form of Proxy 2020 – Virtual Annual General Meeting to be held on April 22, 2021. This Form of Proxy is solicited by and on behalf of Management.

Download PDF: Upco-International-Form-of-Proxy-2020

Upco International – Financial Statements Request Form 2020

Under securities regulations, a reporting issuer must send annually a form to holders to request the Interim Financial Statements
and MD&A and/or the Annual Financial Statements and MD&A. If you would like to receive the report(s) by mail, please make
your selection.

Download PDF: Upco-International-Financial-Statement-Request-2020

Bitcoin Group, Upco International, Deutsche Telekom: Your money is at stake!

In a current article from March 25, 2021, Nico Popp, author at News.Financial, writes about the companies Bitcoin Group, Upco International, and Deutsche Telekom. You can find the complete article here.

Here is an excerpt from this article:

UPCO INTERNATIONAL: ANYTHING CAN HAPPEN WITH THIS MARKET CAPITALIZATION

A blockchain stock in a broader sense is also Upco International. The Company buys up small mobile operators to give them more favorable purchasing terms for minute and SMS quotas. At the same time, it gains potential users for its own app, a kind of Whatsapp competitor. Upco Messenger should soon also offer payment services and be cheaper than established providers. Thus, the Company could soon earn in many areas: The newly acquired mobile customers often come from countries from which many people have emigrated in the past. Using the app and the payment function, relatives from Europe or the US, for example, can send money to their loved ones back home and at the same time keep in touch in a modern way. In addition to messaging, the app also offers data calls and video telephony. It was essential to Upco to provide the best possible quality even with poor data connections. These are good prerequisites for scoring points on the market.

Upco’s stock has proved to be a hot potato in recent months. At times, hardly a week went by without the stock doubling in value – on a three-month horizon, it has posted a return of 350%. Since the end of February, however, the price has calmed down and stabilized above 15 cents. Since the Company is still only valued at around EUR 16 million, speculative investors still have potential. Even though Upco is a growth stock and these types of shares are less in demand in an inflationary environment: The Company is so small and the prospect of revaluation so great that the value is always good for speculative investment. Instead of chasing prices later, it can make sense to get your foot in the door when prices are low. But beware: the stock is only for hard-core speculators.

Bitcoin Group, Upco International und Deutsche Telekom

In einem aktuellen Artikel vom 25.03.2021 schreibt Nico Popp, Autor bei ESG-Aktien.de, zu den Unternehmen Bitcoin Group, Upco International und Deutsche Telekom. Den vollständigen Artikel finden sie hier.

Hier ein Auszug aus diesem Artikel:

UPCO INTERNATIONAL: BEI DIESER MARKTKAPITALISIERUNG KANN ALLES PASSIEREN

Eine Blockchain-Aktie ist im weiteren Sinne auch Upco International. Das Unternehmen kauft eigentlich kleine Mobilfunkanbieter auf, um diesen günstigere Einkaufsbedingungen für Minuten- und SMS-Kontingente zu verschaffen. Gleichzeitig gewinnt man so potenzielle Nutzer für die eigene App, die eine Art Whatsapp-Konkurrent ist. Der Upco Messenger soll bald auch Bezahldienstleistungen bieten und dabei günstiger sein als etablierte Anbieter. So könnte das Unternehmen bald in vielen Bereichen verdienen: Die neu gewonnenen Mobilfunkkunden kommen oftmals aus Ländern, aus denen in der Vergangenheit viele Menschen ausgewandert sind. Über die App und die Bezahlfunktion können Verwandte, etwa aus Europa oder den USA, ihren Liebsten in der Heimat Geld schicken und zugleich auf modernem Wege Kontakt halten – neben Messaging bietet die App auch Datenanrufe und Video-Telefonie. Upco war es dabei wichtig, auch bei schlechten Datenverbindungen eine bestmögliche Qualität zu bieten. Das sind gute Voraussetzungen, um am Markt zu punkten.

Die Aktie von Upco erwies sich in den letzten Monaten als ganz heißes Eisen. Zeitweise verging kaum eine Woche, in der sich der Wert nicht verdoppelt hat – auf Sicht von drei Monaten steht eine Rendite von 350%. Seit Ende Februar hat sich der Kurs allerdings beruhigt und oberhalb von 15 Cent stabilisiert. Da das Unternehmen noch immer nur mit rund 16 Mio. EUR bewertet ist, besteht für spekulative Investoren auch weiter Potenzial. Auch wenn Upco ein Wachstumswert ist und diese Art Aktien in einem inflationären Umfeld weniger gefragt sind: Das Unternehmen ist so klein und die Perspektive auf Neubewertung so groß, dass der Wert immer für ein spekulatives Investment gut ist. Statt den Kursen später nachzulaufen, kann es Sinn machen, bei niedrigen Kursen schon einmal einen Fuß in die Tür zu stellen. Doch Vorsicht: Die Aktie ist nur für hartgesottene Spekulanten etwas.

Papal, Upco International, Square – Digital Payments: Continuing Disruptive Potential!

In a current article from February 22, 2021, Carsten Mainitz, author at News.Financial, writes about the companies Deutsche Telekom, Tencent, and Upco International. You can find the complete article here.

Here is an excerpt from this article:

UPCO INTERNATIONAL INC – UPCOPAY IN THE SPOTLIGHT

Founded in 2014 and headquartered in Vancouver and New York City, the Company operates in two business segments: telecommunications and digital services. In its core business, Upco operates as a licensed global telecom carrier in the international VoIP (Voice over IP) wholesale business – primarily in niche markets. The second pillar comprises “digital services.”

In particular, the latter area created some fantasy with UpcoPay, a proprietary blockchain-based solution for payment services, and triggered an impressive share price increase in the last week. With a corporate announcement last week, the Company reported the departure of Sebastiano Massimo Galantucci from the Board of Directors after only 9 months in office. This announcement is unusual too as it is just before the publication of the annual results and the holding of the Annual General Meeting. The Company also confirmed at this time the high strategic importance of UpcoPay and its marketing in Europe. With this secure and convenient solution, direct payments can be made between individuals and between individuals and merchants.

The core of the investment case is the potential associated with UpcoPay and the transformation from an existing customer base into a new application. Central to this is the proof-of-concept, which the Company says will be delivered in Europe this year.

Papal, Upco International, Square – Digital Payments: Anhaltend disruptives Potenzial!

In einem aktuellen Artikel vom 08.02.2021 schreibt Carsten Mainitz, Autor bei Inv3st.de, zu den Unternehmen Paypal, Upco International und Square. Den vollständigen Artikel finden sie hier.

Hier ein Auszug aus diesem Artikel:

UPCO INTERNATIONAL INC – UPCOPAY IM ZENTRUM DES INTERESSES

WKN: A2H7JC ISIN: CA9152971052 Symbol: U06
Das 2014 gegründete Unternehmen mit Sitz in Vancouver und New York City ist in den beiden Geschäftsbereichen Telekommunikations- und Digitaldienstleistungen tätig. Im Kerngeschäft agiert Upco als lizenzierter Global Telecom Carrier im internationalen VoIP (Voice over IP) Großhandelsgeschäft – vornehmlich in Nischenmärkten. Das zweite Standbein beinhaltet „Digitaldienstleistungen“.

Insbesondere sorgte letzterer Bereich mit UpcoPay, einer unternehmenseigenen Blockchain-basierten Lösung für Zahlungsdienstleistungen für Phantasie und löste in den letzten Woche eine beeindruckende Kurssteigerung der Aktie aus. Mit einer Unternehmensmeldung von letzter Woche berichtete die Gesellschaft vom Ausscheiden von Sebastiano Massimo Galantucci aus dem Board of Directors. Dieser Schritt erfolgt nach bereits nur 9 Monaten im Amt und vor der Veröffentlichung der Jahreszahlen sowie der Veranstaltung der Hauptversammlung und ist somit ungewöhnlich. Die Gesellschaft bestätigte ebenfalls zu diesem Zeitpunkt die hohe strategische Bedeutung von UpcoPay und deren Vermarktung in Europa. Mit dieser sicheren und bequemen Lösung können Direktzahlungen zwischen Personen sowie zwischen Personen und Händlern durchgeführt werden.

Kern des Investment Case sind die mit UpcoPay verbundenen Potenziale und die Transformation von einem bestehenden Kundenstamm in die neue Anwendung. Zentral dafür ist der Proof-of-Concept, der laut Unternehmen in diesem Jahr in Europa erbracht werden soll.

Upco International Inc. announces Change of Board and Corporate Update

Vancouver, BC, February 16, 2021, Upco International Inc. (CSE: UPCO) (OTC: UCCPF) (Frankfurt: U06) (“Upco”) is pleased to inform shareholders about the resignation from the Board of Director of Sebastiano Massimo Galantucci. These documents can be accessed from the SEDAR website at www.sedar.com.  

Upco International thanks Sebastiano for the activities carried out during the last 9 months which represented a transition period for the company and the Management Team, where Sebastiano was a member together with Andrea Pagani and Juan Ramos Taboada. The team was focusing on repositioning the company after the turbulent 2019. 

Following the appointment (last May) as 4th member of the Board, Sebastiano decided to resign, leaving the position in view of the Annual General Meeting, where Upco’s Shareholder will be free to appoint a new Board of Directors. 

Sebastiano Massimo Galantucci says: As Management Team we have been capable to draw a line with the past by closing many open contracts, fix critical issues in the subsidiaries of Upco International and improve the debt position which will be reflected in 2020 Financial Statement. I’m proud together with the Management Team to have been initiated “the FCP program” as the key action plan for the growth of the company via M&A strategy as well as defining the vision of Upco’s digital service with a clear focus for the future in the fintech market. 

Andrea Pagani, CEO says: “We thank you for his contribution, during last year ”. Sebastiano will remain a consultant for the time being by continuing the activities highly focused on “scouting” potential targets for Upco’s M&A strategy in a key geographical area.

Upco international further announces the Digital Area will be leading, starting immediately, by Andrea Pagani.

Andrea Pagani, says: The objectives of Upco as priorities remain:

  • Launch of UpcoPay in Europe.
  • Extensive improvements within the Application including features like group Call, Video group Call

Further Update will be done in the Digital and Wholesale area during the next Press Release.

Upco aims to become a more effective and efficient “partner” for the community much more than a simple communication tool.

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 www.upcointernational.com for further information.  

ON BEHALF OF THE BOARD OF DIRECTORS

Andrea Pagani, CEO and Director

office@upcointernational.com

212-461-3676

Forward-Looking Statements

This press release contains forward-looking information or forward-looking statements (collectively “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: “will” “may” “believe”, “expect”, “anticipate”, “intend”, “estimate”, “development”, “forthcoming”, “potentially” and similar expressions, or are those, which, by their nature, refer to future events. Upco cautions investors that any forward-looking information provided by Upco is not a guarantee of future results or performance.

Upco International, Square, IBM – Shop like Robin Hood and and pay by mobile!

In a current article from February 8, 2021, André Will-Laudien, author at News.Financial, writes about the companies Deutsche Telekom, Tencent, and Upco International. You can find the complete article here.

Here is an excerpt from this article:

UPCO INTERNATIONAL – AT HOME IN THE MOBILE WORLD

Upco International Inc. consistently delivers good news and the share price gallops. As recently as mid-December, it stood at CAD 0.04 – now it has reached CAD 0.28. The Vancouver and New York City-based Company is a specialist for comprehensive digital services on the web and mobile Internet. UpcoPay is the name of the mobile payment platform. It is innovative, highly secure and includes a convenient direct payment solution for person-to-person (P2P) and person-to-merchant (P2M) payments.

In the current expansion stage, where a full e-wallet is now being implemented, users have many options. Users can view multiple account balances simultaneously, top-up their digital wallet with funds, process payments and initiate foreign exchange transfers instantly within the app without creating an account or entering bank details. In emerging markets, this is very important, as many customers there do not yet have a corresponding banking connection.

In connection with the implementation of UpcoPay and the final Brexit, which came into effect in January 2021, UK license holders connected to Token.io cannot pass on their licenses to Europe under current legislation. They thus cannot continue to operate as a regulated company. However, the Finnish-licensed provider “Enfuce” is available as an alternative license as a strategic partner, allowing Upco to proceed with the launch of UpcoPay in Europe as planned.

Meanwhile, the messenger has also been further developed and now offers modern end-to-end encryption and serverless network infrastructure. Messages thus remain better protected and can only be read by the addressee, while at the same time, the data volume used is significantly reduced. Users with little bandwidth in remote areas thus remain able to act. With these innovations, Upco secures its place in the less frequented areas of the world. Upco’s vision remains to become a global platform for secure essential communications in the form of chats and calls and to create a safe personal environment for users to use daily. The not-so-small Canadian value has quadrupled in capitalization and now costs around CAD 15 million. Who would have believed that 4 weeks ago?

Upco International, Square, IBM – Wie Robin Hood einkaufen und mobil zahlen!

In einem aktuellen Artikel vom 08.02.2021 schreibt André Will-Laudien, Autor bei Inv3st.de, zu den Unternehmen Upco International, Square und IBM. Den vollständigen Artikel finden sie hier.

Hier ein Auszug aus diesem Artikel:

UPCO INTERNATIONAL – ZUHAUSE IN DER MOBILEN WELT

WKN: A2H7JC ISIN: CA9152971052 Symbol: U06
Upco International Inc. liefert beständig gute Nachrichten und der Kurs galoppiert. Noch Mitte Dezember stand er bei 0,04 CAD – nun wurde zwischenzeitlich schon 0,28 CAD erreicht. Das in Vancouver und New York City ansässige Unternehmen ist ein Spezialist für umfassende digitale Dienstleistungen im Web und im Mobile Net. UpcoPay heißt die mobile Zahlungsplattform, sie ist innovativ, hochsicher und beinhaltet eine bequeme Direktzahlungslösung für person-to-person (P2P) und person-to-merchant (P2M) Zahlungen.

In der aktuellen Ausbaustufe, in der nun ein vollständiges E-Wallet implementiert wird, können Benutzer mehrere Kontostände gleichzeitig einsehen, ihr digitales Portemonnaie mit Geld aufladen, Zahlungen abwickeln und Devisentransfers sofort innerhalb der App initiieren, ohne ein Konto zu erstellen oder Bankdaten eingeben zu müssen. Das ist gerade in den Schwellenländern sehr wichtig, denn viele Kunden verfügen dort noch nicht um eine entsprechende Bankanbindung.

Im Zusammenhang mit der Implementierung von UpcoPay und dem endgültigen Brexit, der im Januar 2021 in Kraft trat, können britische Lizenzinhaber die mit Token.io angebunden sind, nach der aktuellen Gesetzgebung ihre Lizenzen nicht nach Europa weitergeben und somit nicht als reguliertes Unternehmen weiterarbeiten. Als alternative Lizenz steht als strategischer Partner aber der in Finnland zugelassene Anbieter “Enfuce” zur Verfügung, was es Upco ermöglicht, mit dem Start von UpcoPay in Europa wie geplant fortzufahren.

Der Messenger wurde indes auch weiterentwickelt und bietet nun eine moderne Ende-zu-Ende-Verschlüsselung sowie eine serverlose Netzwerkinfrastruktur. Nachrichten bleiben so besser geschützt und können nur vom Adressaten gelesen werden, gleichzeitig sinkt das beanspruchte Datenvolumen signifikant. User mit wenig Bandbreite in abgelegenen Gegenden bleiben so weiterhin handlungsfähig. Upco sichert sich mit diesen Neuerungen seinen Platz in den weniger frequentierten Zonen der Erde. Die Vision von Upco bleibt es, eine weltweite Plattform zu werden, die nicht nur für eine sichere Basiskommunikation in Form von Chats und Anrufen gedacht ist, sondern für den User eine sichere persönliche Umgebung für den alltäglichen Einsatz schafft. Der nicht mehr ganz so kleine kanadische Wert hat sich in der Kapitalisierung vervierfacht und kostet nun rund 15 Mio. CAD, wer hätte das vor 4 Wochen geglaubt?

Upco International Inc. announces important updates on UpcoPay and Upco Messenger

Vancouver, BC, January 25, 2021, Upco International Inc. (CSE: UPCO) (OTC: UCCPF) (Frankfurt: U06) (“Upco”) is pleased to inform shareholders about the recent developments about the UPCO mobile platform . These documents can be accessed from the SEDAR web site at www.sedar.com.

UpcoPay, License update

UpcoPay is an innovative, highly secure and convenient direct payment solution to make person-to-person (P2P) and person-to-merchant (P2M) payments. In the second stage, with a full e-wallet implemented, users will be able to view multiple account balances, load funds, settle payments and initiate peer-to-peer and Foreign Exchange transfers instantly within the app without the need to create an account or input any bank details.

Strategic partner to provide Payment Initiation Service in all Europe

In relation with the implementation of UpcoPay, with the final Brexit plan effective from January 2021, under the current legislation, UK licence holders cannot passport their licences into Europe and so they cannot continue to operate as a regulated entity. As anticipated, Token.io, Upco’s technological banking partner with a UK licence (provided by the UK Financial Conduct Authority, FCA) will no longer be able to provide services to the organisations across the EU.

Token.io has been working very actively to receive from Bafin (Germany’s supervisory authority) a TPP licence (Third Party Providers) to allow Upco to extend their passporting and carry out Account Information and Payment Initiation Services in Europe,  but in the meantime Token.io announced the ability to use  an alterrnative licence from their strategic partner, “Enfuce” (https://enfuce.com/), authorised by the Finnish Financial Authority, under the Finnish Payment Services Act for the provision of payment initiation and account information services on an interim basis, allowing Upco to proceed with the launch of UpcoPay in Europe. Enfuce have ensured that their services have been passported to all relevant EEA countries where Payment Service Users (PSU) are based.  All underlying operations and technology will continue to be carried out by Token.io

Upco Messenger increased traffic significantly

Recently downloads of privacy-focused messaging apps Signal and Telegram got a boost as users looked for alternatives to Facebook-owned WhatsApp over concerns about changes to the service’s privacy policy.

Upco App also got a spike in downloads, the company noticed a 15% increasing on a weekly basis since beginning of January, mainly driven by key countries in middle east and Asia.

Safety and bandwidth usage

Upco has been operating  the “state-of-the-art end-to-end encryption” as well as a serverless network infrastructure, which prevents messages from being stored and read by those who are not the intended recipient. Besides that, it provides Enhanced Data-saving capabilities: seven times less data bandwidth usage than incumbent apps.  Upco does not sell analytics and data usage to anyone.

Upco’s vision

The vision around the application is to become a platform not only dedicated for a secure basic communication chat and call, but the objective is to provide a personal environment to provide a better support for day-to-day life.

Upco aims to become a more effective and efficient “partner” for the community much more than a simple communication tool.

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 www.upcointernational.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Andrea Pagani, CEO and Director

office@upcointernational.com

212-461-3676

Forward-Looking Statements

This press release contains forward-looking information or forward-looking statements (collectively “forward- looking information”) within the meaning of applicable securities laws. Forward- looking information is typically identified by words such as: “will” “may” “believe”, “expect”, “anticipate”, “intend”, “estimate”, “development”, “forthcoming”, “potentially” and similar expressions, or are those, which, by their nature, refer to future events. Upco cautions investors that any forward-looking information provided by Upco is not a guarantee of future results or performance.