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.

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