Upco International Inc. Announces First Quarter Results ended March 31, 2019
Vancouver, British Columbia--(Newsfile Corp. - May 28, 2019) - Upco International Inc. (CSE: UPCO) (OTCQB: UCCPF) (FSE: 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, 2019. These documents can be accessed from the SEDAR web site at www.sedar.com.
Upco reported revenues US$267,296 (2018 - US$709,372) and a net loss of US$275,462 (2018 - net income of US$10,514) for its first quarter ended March 31, 2019.
Highlights for the quarter:
Registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). FINTRAC is Canada's financial intelligence unit (FIU), providing financial intelligence and compliance functions necessary to ensure the safety of Canadians and the protection of the integrity of Canada's financial system.
Signed its first agreement with SixthContinent Inc. www.sixthcontinent.com 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 is fast becoming a major player in the expanding Social Commerce market.
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
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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