(TheNewswire)
Vancouver, BC / TheNewswire / May 11, 2018 - Upco International Inc. (CSE: UPCO) (OTC: UCCPF)
(Frankfurt: U06) (“Upco”) is pleased to announce it has filed its consolidated financial
statements and Management’s Discussion and Analysis for the first quarter ended March 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. 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.
Upco reported revenues US$709,372 (2016 - US$1,615,180) and a net income of US$10,514 (2016 – net loss of US$608,557) for
its first quarter ended March 31, 2018.
Hightlights for the quarter:
-
-- Announced significant improvements in its existing platform and Telecom service offering,
through the successful integration of advanced blockchain technologies in the areas of invoice management (accounts payable and
receivable) and Short Message Service (SMS) communications. These enhancements are an important element of Upco’s vision
to leverage the benefits of blockchain technology in the areas data security and auditability (time stamped and immutable
data), while providing a service that is high performance and extensible. (see Upco’s Febuary 22, 2018 press
release).
-
-- Successfully integrated leading-edge blockchain technologies into its E-Wallet payment
system as a step towards the development of a full-featured international invoice / payment /exchange / transfer system for
hard currencies and invoice / payment / transfer for cryptocurrencies. (see Upco’s Febuary 2, 2018 press
release).
-
-- Appointed Mr. Juan Ramos Taboada as advisor to the Board of Directors. Mr.
Ramos Taboada has extensive experience in building successful companies. From 2011 to 2015 he was the Chief Operating Officer
of Business Telecommunications Systems (“BTS”). BTS had revenues of $350 million and he was responsible for world operations.
In 2011 Mr. Ramos Taboada was the strategic advisor for SKYPE for Latin America based in Luxemburg and Buenos Aires. He was
instrumental in helping SKYPE to develop its Latin American footprint. From 2000 to 2010 Mr. Ramos Taboada was the Vice
President Latin America of iBasis. iBasis is a leading international voice carrier and provider of value-added services for
mobile operators. The company rapidly grew to be one of the largest carriers of international voice traffic in the world and in
2009 became a subsidiary of Royal KPN N.V., the national carrier of the Netherlands. (see Upco’s January 22, 2018 press
release).
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.
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