Vancouver, British Columbia--(Newsfile Corp. - May 15, 2018) - Upco International Inc. (CSE: UPCO) (OTC: UCCPF) (FSE: U06)
("Upco") is pleased to announce that it intends to complete a non-brokered private placement of up to 12,500,000 shares
("Shares") at a price of $0.20 per share, for gross proceeds of approximately $2,500,000 (the "Offering"). Closing of
the Offering is expected to occur on or before June 25, 2018.
Upco intends to use the net proceeds from the Offering for general corporate and working capital purposes. The securities issued
and issuable pursuant to the Offering will be subject to a four month and one day statutory hold period.
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, and that actual results may differ materially
from those in forward-looking statements.
