Upco International Inc. Announces Corporate Update and the New Business Growth Strategy

VANCOUVER, British Columbia, July 09, 2020 (GLOBE NEWSWIRE) -- Upco International Inc. (CSE: UPCO) (OTCQB: UCCPF) (FSE: U06) (“Upco”) is pleased to announce transformative changes to the corporate business model, undertaken to position the company to more effectively respond to – and benefit from – the rapid growth and evolving opportunities in the Wholesale Telecom and Digital Services sectors.  Changes to the business model are driven by the new Board of Directors, formally appointed in May 2020 (reported earlier), and reflect their extensive experience and expertise in the target markets.  

Salient elements of the Upco model are as follows:

1. Re-align current activities into discrete business units based on target sector: one for Wholesale Telecom and one for Digital Services.  Wholesale Telecom will be coordinated by Upco international but managed operationally by dedicated companies that will be encompassed in the Upco group of companies over time.  Digital Services will be coordinated through the wholly owned US subsidiary, Upco Systems Inc., based in New York.  This natural division will enhance business focus and activities in the two key areas, while also substantially extending Upco’s focus on the US market. Upco’s new business model will be based on building a Federated Business Platform for the Telco-digital industry. While such platforms are becoming the predominant business model in the digital era, their application to the Telco business is very limited worldwide, and substitute services are gaining momentum. Upco’s model responds to an opportunity to leverage this approach and play a lead role in this new era in the Telco-digital industry.
2. In the Wholesale Telecom sector (wholesale voice and SMS, retail voice, data roaming) undertake to become a major player within 3 years.  A key focus, referenced above, will be to respond to the trend in the Wholesale Telecom industry toward consolidation.  Via the Federated Carriers Program (FCP), which is a new aggregation formula “Federation” initiated by Upco, strategic partners (small to medium-sized carriers) will consolidate their market positions into a scalable market force, “Upco International”, that will act as common platform by centrally coordinating processes for all partners.  FCP will inherently provide synergies in administration, commercial and technology areas, achieve cost savings, and improve cross-selling capabilities, benefiting member organizations accordingly.