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Upco International Inc. Announces Corporate Update and Management Cease Trade Order Application

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Vancouver, British Columbia–(Newsfile Corp. – May 7, 2021) – Upco International Inc. (CSE: UPCO) (OTC Pink: UCCPF) (FSE: U06) (“Upco”) announces corporate developments.

Up One Inc, fully owned subsidiary of Upco International, has successfully updated the app Upco Mobile Messenger improving the security of the communication by increasing the cryptographic algorithm and has prepared the necessary steps to add the technical component to use UpcoPay.

The app Upco Mobile messenger will be renamed UpOne in step with the company name. Furthermore, two different sections in the app will be created:

  • UpcoNet (to host all the existing features we have today in the messenger, plus extra services)
  • UpcoPay (to host the ecosystem for the fintech and the payment and remittance part)

Oktacom Inc, wholly owned subsidiary of Upco International, has signed 4 new contracts this month in the telecom area mainly in the United States. This is an important milestone as we are preparing the operation to manage the next targets who will join our Federated Carrier Program.

In addition, the company has a new Office in Buenos Aires, where our Financial Department and NOC will operate cohesively.

Upco International further informs the shareholders that it will be unable to file its annual financial statements and management’s discussion and analysis for the year ended December 31st, 2020, together with the related certifications (collectively, the “Disclosure Documents”) on or before the prescribed filing deadline of April 30th, 2021 as required by National Instrument 51- 102, Continuous Disclosure Obligations, and NI 52-109, Certification of Disclosure in Issuers’ Annual and Interim Filings, respectively.

The Company has filed an application with the British Columbia Securities Commission and the Ontario Securities Commission requesting that they issue a management cease trade order against the Company’s executives instead of a cease trade order against the Company and all its securityholders.

The Company is working with its auditors to complete the audit of its financial statements for the year ended December 31, 2020 and anticipates that it will be in a good position to file its annual financial statements and managements’ discussion and analysis, together with the related certifications, before May 30th, 2021.

The Company confirms that it will comply with the alternative information guidelines included in National Policy 12- 203, Management Cease Trade Orders, for so long as it remains in default of a specified requirement.

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 share account information securely with their clients.

Please visit www.upcointernational.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Andrea Pagani, CEO and Director
[email protected]
+1 (646) 7661275

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/83341

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Revolutionizing Fintech: 6G Digital & Rune Nilsson’s FlexM Global in a Bold $12.5M Deal Shaking the Banking Industry

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Teletubbies Digital Companions to Launch on the Tezos Blockchain

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MetaPals, an AI digital companion platform, is partnering with WildBrain’s beloved Teletubbies to bring together cherished childhood memories and the innovative digital era with the launch of the Teletubbies AI digital companions on 20 April, 2024.
As Teletubbies commemorates its 27th anniversary on 31 March, the collaboration marks the beginning of an exciting array of renowned IPs joining the ‘MetaPals Multiverse’ in 2024. Through the use of AI and blockchain technology powered by Tezos, much loved Tinky Winky, Dipsy, Laa-Laa, Po, and even Noo-Noo have become personalized, evolving digital companions within the MetaPals browser extension game engine.

The Teletubbies characters integrate with users’ daily browsing experience that accompanies users across the web, offering both playful interactions and practical assistance. This technology not only brings these fun characters to life in new, interactive ways, but also helps to enhance the mental well-being of users by fostering a sense of companionship.

Each Teletubbies companion within the MetaPals Multiverse will exhibit unique personality traits, offering users a diverse and dynamic experience. With personalities distributed across 5000+ Teletubby companions along a spectrum, users are guaranteed a one-of-a-kind experience, ensuring enjoyment for all and opportunities to foster new connections with this nostalgic brand.

Max Giammario, CEO of MetaPals, said: “Through this collaboration we’re not just revisiting Teletubbyland, we’re reinventing it for the digital age. By weaving in AI and blockchain, we enable the Teletubbies characters to evolve, interact, and form unique bonds with users, embodying our vision of dynamic digital companionship. With a bit of ‘MetaPals magic’, the Teletubbies are exploring beyond the hills and far away, ready to play, in ways we’ve never imagined.”

Melissa Goodrich, Director, Franchise Strategy at WildBrain, said: “We’re excited to see our colorful quartet come to life in new ways through this unique digital experience for fans. As we celebrate 27 years of the perennially popular Teletubbies franchise, this latest collaboration encapsulates the essence of childhood nostalgia while embracing the limitless possibilities of the digital age.”
Jason Lim, TZ Apac Games Adoption Team for the Tezos Ecosystem, said: “MetaPals will be pioneering the convergence of iconic IPs such as Teletubbies with the limitless possibilities of the Tezos blockchain. I can’t wait to see the magic they are brewing up next.”

The post Teletubbies Digital Companions to Launch on the Tezos Blockchain appeared first on HIPTHER Alerts.

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Alarum Announces Exciting Events Lineup and Welcomes Esteemed Advisor to NetNut’s Advisory Board

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