Upco International Inc. Appoints Mr. Kim Ying Lee as Chairman of the Board of Directors

Vancouver, BC, April 29, 2019, Upco International Inc. (CSE: UPCO) (OTCQB: UCCPF) (FSE: U06) (“Upco”) is pleased to announce that it has appointed Mr. Kim Ying Lee as the Chairman of the Board of Directors.

Mr. Kim Ying Lee is a senior advisor to small and mid-size companies in the industrial and technology industries. He has extensive Board level experience working with public and private companies in Europe, Asia, the Middle East and North America/Caribbean. He has extensive experience in five industries: (1) consulting (i.e. hospitality, transportation, technical industries and management buyouts), (2) plastic packaging materials, (3) food processing, (4) financial brokerage and asset management and (5) real estate development and construction.

He has developed and implemented turnaround and growth strategies for medium-sized companies. Mr Lee has been strategically as well as operationally involved with sales, marketing, production, logistics, financial, legal, tax and human resource issues. He also hired new management teams and handled bank credit lines and negotiated with trade unions. Furthermore he implemented several times new financial, logistics and management information systems. He has a Master Degree in Economics from the University of Amsterdam and a Master Degree in Business Administration (MBA) from the University of Chicago.

Mr. Andrea Pagani, CEO and President of Upco, commented, “we are pleased to have Mr. Lee join our team and look forward to working with him as we grow Upco.”

Upco International Inc.

Upco International Inc. Announces Year Ended 2018 Results

Vancouver, BC, April 22, 2019, Upco International Inc. (CSE: UPCO) (OTCQB: UCCPF) (FSE: U06) (“Upco”) is pleased to announce it has filed its audited consolidated financial statements and Management’s Discussion and Analysis for the year ended December 31, 2018. These documents can be accessed from the SEDAR web site at www.sedar.com.

Upco 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.

Upco reported revenues US$2,514,627 (2017 – US$6,688,138) and a net loss of US$2,490,682 (2017 – US$1,212,152) for its fiscal year 2018.

Highlights for 2018

Upco made significant investments in Technology and Resources to enter the Fintech industry.
The Company released a revamped version of its communication application on both iOS and Android. Further development of the application to integrate the company’s advanced Fintech e-wallet
Signed strategic contract with Emoney PLC to support the Company’s monetary payment and transfer services within the application.
Began discussing strategic joint venture with SixthContinent Inc. Under the terms of the joint venture, the two companies will collaborate to merge the user community of SixthContinent into UpcoPay, a robust, ledger-based system integrated with Upco’s banking partner, E-money. The new system will be branded under SixthContinent but will be powered by Upco. The parties to the agreement will share in both the associated technology merger costs and the profits based on transaction volumes.
Outlook

Upco plans to increase revenues thru its Wholesale Telecom business and Fintech business.
We are re-focusing our Wholesale telecom to ensure a Revenue stream with profitability through new strategic alliances.
Upco will continue to build out its professional sales team in order to market its current services and the Upco App to increase revenues and profitability.

Upco International Inc.

Upco International Inc. Has Appointed Mr. Gert-Jan Geels as the Chief Financial Officer

Vancouver, BC, April 11, 2019, Upco International Inc. (CSE: UPCO) (OTCQB: UCCPF) (FSE: U06) (“Upco”) is pleased to announce that it has appointed Mr. Gert-Jan Geels as the Chief Financial Officer.

Gert-Jan Geels has been a finance professional for 27 years. He was a private banker at Delta Lloyd Bank from 1996 to 1999. From 1999 to 2012 he was an asset manager at Eureffect Asset Management where he was the co-owner and managed one of the largest independent asset management companies in Amsterdam for over a decade. Mr. Geels has extensive experience in financing small and medium-sized companies and helping them restructure their balance sheet and improve their use of working capital. Mr. Geels is the CEO of Bullfinch BV where he advises wealthy individuals from The Netherlands and Belgium in their investment strategies. Mr. Geels also served as a compliance officer for one of the largest Dutch precious metal traders. Mr. Geels obtained his bachelor’s degree in Banking and Finance from the Amsterdam Academy.

Mr. Andrea Pagani, CEO and President of Upco, commented, “we are pleased to have Mr. Geels join our team. With Mr. Geels 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.”

Andrea Pagani

Upco International Inc. Announces UpcoPay, an Innovative, Highly Secure and Convenient E-Wallet Solution to make Person to Person Payments

  • UpcoPay will be available by Spring 2019
  • Reduced transaction fees
  • First partnership agreement signed with SixthContinent, the largest international platform for Shopping Cards with a community of 400,000 users

Vancouver, BC, February 5, 2019, Upco International Inc. (CSE: UPCO) (OTCQB: UCCPF) (FSE: U06) (“Upco”) is pleased to announce UpcoPay, an innovative, highly secure and convenient eWallet solution to make person to person and person to merchant payments. Beginning Spring 2019, Upco users in Europe and Canada will be able to use UpcoPay to send and receive money easily, securely and anonymously. This service will be expanded into other jurisdictions over time.

UpcoPay is an advanced eWallet system comprising a front-end app and robust back-end software to manage transaction tracking, reporting and a full range of other functions. This solution is based on live transaction processing through integration with Upco’s banking partner, eMoney plc.

UpcoPay allows the anonymous transfer of money between Upco users and vendors that subscribe to the service, protecting individual privacy, while being compliant with regulatory frameworks. UpcoPay will also be able to deliver substantially reduced transaction fees over conventional services provided by major existing payment networks, delivering significant savings to vendors and ultimately to consumers.

Over the past few months, Upco has been working closely with eMoney regarding design of the interface and associated functionality in UpcoPay. eMoney will handle user onboarding within existent regulatory frameworks, and support transaction processing internally, and in and out of UpcoPay. The solution will also support inter-account transfers within eMoney and to IBAN accounts. The design of the system is now complete, with overlapping development targeted for completion by Q2, 2019.

Once this foundation is in place, SixthContinent Inc. will be integrated into UpcoPay under the terms of a recently signed Collaborative Agreement. SixthContinent is the largest international platform for Shopping Cards with a network of more than 3000 leading brands and a community of 400,000 users. This integration will provide cost-effective support for shopping card purchases via the SixthContinent platform, benefiting users while also generating income for Upco through service and transaction fees. The design of the SixthContinent solution is proceeding in parallel with eMoney integration, and within the same general timeframe for go-live.

With the SixthContinent solution and associated users in place, the goal is to scale up the user base through extended functionality, including international money transfer, conversion of major international currencies, and support for debit and credit card processing. Integration with automated vending machines, parking meters, toll services, and other services such as invoice tracking and support for income tax reporting is envisioned in the longer term.

“This is a major milestone for our company” commented Mr. Andrea Pagani, Chairman of the Board of Upco International, “In a rapidly evolving world, technology has reinvented commerce, and digital purchases are becoming more and more mobile based, altering the role the payments industry plays in the transaction. We strongly believe that UpcoPay will very soon play a key role in this evolution. In this context, we are very honored by our recent agreement with SixthContinent, a leading platform in the social commerce market. Integration with SixthContinent will allow us to rapidly expand our user base, making the world of digital mobile payments safer, faster and more convenient than ever, for both merchants and users”.

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.

About eMoney

Emoney is a Financial Institution, licensed in Malta with a European Passport, and has a decade of proven management experience in the world of electronic money, issuance of online current accounts and issuance of rechargeable credit cards. Emoney integration will extend the reach of the Upco App across Europe for Debit and Credit transactions and ensure full compliance with relevant regulatory frameworks within the European banking community. Upco presently has an agreement in place with Transfer To, which enables money transfer to a Mobile SIM of any user in the world. www.emoney.com.mt

About Sixth Continent

SixthContinent, with offices in San Francisco, Ca, and Milan, Italy, is the largest international platform for Shopping Cards. The company has agreements with more than 3000 leading brands (including Walmart, Apple, Amazon, Carrefour, and IKEA, Adidas and Shell Oil), and a community of more than 400,000 users, and is fast becoming a major player in the expanding Social Commerce market. www.sixthcontinent.com