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Upco International (CSE:UPCO) engages investor relations firm and provides corporate update

Technology
CSE:UPCO
23 July 2021 10:00 (EDT)

Source: Upco International Inc.

Upco International (UPCO) has engaged RB Milestone Group LLC (RBMG), a leading US-based investor relations advisory firm.

RBMG will provide corporate communications advisory services to the company.

Telecom Division update

Upco is pleased to inform its stakeholders that the Telecom Division is currently operational. Upco remains focused on growing its footprint via its Federated Carrier Program (FCP) through its subsidiary, Oktacom Inc.

To reiterate, Upco’s FCP strategy is to acquire profitable wholesale telecom and wholesale data services companies in emerging countries and expand their reach by connecting them seamlessly with Upco’s existing telecom relationships within developed countries globally.

Oktacom Inc. is a US-based company with offices in New York City, Miami and Buenos Aires. Oktacom continues to evaluate acquisition targets through Upco’s FCP strategy. It is currently in discussions with major interconnected wholesale telecom national operators globally.

While Oktacom continues to focus on FCP, it is simultaneously working on growing its relationships with partners that have an established footprint in developed telecom markets globally. The goal is to provide its portfolio of acquisition companies and its existing wholesale telecom business with access to new already established markets. Over the years, Oktacom has successfully completed agreements with reputable partners including major telecom operators in Germany (Deutsche Telekom), Italy (TIS), China (China Mobile), Dominican Republic, Turkey, United States, Spain and France. Currently in the pipeline are wholesale telecom companies including Argentina, Lebanon, Brasil, Balcans, Emirates, Saudi.

Digital Division update

Upco’s Digital Division is managed by UpOne, a wholly-owned subsidiary of Upco International, which is currently operating Upco Pay as part of its development program. Upco Pay is an extension of the company’s mobile app providing e-Wallet functionality using Blockchain technology.

Upon commercial launch, 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.

Upco’s Estanislao Penà, Director of Upco International, is currently spearheading the recruitment of top-level industry consultants to create a strategy worthy of the multiple functionalities that the mobile application will provide. Upco management is very ambitious about growing this division of which it anticipates will be able to offer different revenue-generating lines of business.

RBMG has been engaged by Upco to develop and deploy a comprehensive shareholder communications strategy.

Upco International is a cloud-based mobile technology and telecommunications company focused on providing users with a secure communication ecosystem for texting and calling globally.

Upco’s telecom division is managed by its wholly-owned subsidiary Oktacom Inc.

Founded in 2009, RBMG is a US-based corporate communications firm that specializes in investor relations. RBMG’s US advisory practice delivers investor relations programs tailor-made for emerging private and publicly traded companies.

Upco International Inc. (UPCO) opened trading at C$0.105 per share.

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