Upco International Inc. Announces Year Ended 2017 Results

VANCOUVER, British Columbia, April 13, 2018 (GLOBE NEWSWIRE) — Upco International Inc. (CSE:UPCO) (OTC:UCCPF) (Frankfurt:) (“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, 2017.  These documents can be accessed from the SEDAR web site at . 

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$6,688,138 (2016 – US$12,068,708) and a net loss of US$1,212,152 (2016 – US$608,557) for its fiscal year 2017.

Hightlights for 2017

Outook

Mr. Jag Sandhu has resigned from the Board of Directors.  He will continue to work with Upco as Manager of Corporate Development.  The Board of Directors have thanked Mr. Sandhu for his contribution to the Company and look forward to working with him in his new role.  

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 for further information. 

ON BEHALF OF THE BOARD OF DIRECTORS

Andrea Pagani, CEO and Director

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

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.

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