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.
ON BEHALF OF THE BOARD OF DIRECTORS
Andrea Pagani, CEO and Director
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.
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.