Mr. Andrea Pagani reports

UPCO MESSENGER REACHES 40,000 USERS

Upco International Inc. has informed shareholders that Upco Messenger has reached 40,000 users.

Upco is escalating its efforts to deploy Upco Messenger throughout Europe and to add payment functionality -- a combined solution that will help people communicate more effectively while facilitating faster and more secure payments. To expedite this goal, the company is working with Snoop Consulting, a digital transformation company that delivers innovative products and strategic advice to digital businesses.

Gustavo Guaragna, Snoop chief executive officer, commented: "Our review of the European market suggests that it is not presently served by an application that supports both payments and unified communications. The new app will enable users to make payments, organize their personal or company budget, and communicate via chat. Our goal is to make the users' life easier by providing a simple and reliable app, which is straightforward to use and understand, and minimizes updates that can consume their data."

Andrea Pagani, Upco chief executive officer, explained: "We started working with Snoop to define the optimal range of features to benefit customers' experience with the new integrated solution. Our objective is to create a world-class application that responds to the need in the market to provide customers with a convenient and effective communication and payment tool. Our application will be ideal for travellers, digital nomads, and anyone who wants to have everything in one place and available with a click. Over the past year, we have worked with methodologies such as Canvas and Kano to define the user persona for our application -- a follow-up to the market analysis that we performed in 2021 with Codeversity."

A key underlying concept for Upco Messenger is to maintain an ecosystem with lower data consumption on the server, which will be ideal for users who travel. Its application consumes less data than other apps such as WhatsApp and Telegram. Upco's strategy is to engage the consumer market in Europe with a viable and cost-effective alternative, which effectively addresses users' requirements for functionality, privacy and data management.

Upco Messenger users are principally located in Germany, Italy, Israel, Egypt, France, Kazakhstan, Russia, Bangladesh, Poland and Indonesia. This application allows messaging around the world, as well as internal and external calls.

About Snoop Consulting

Snoop is a software service company which delivers innovative products focused on business transformation. Through its in-depth knowledge of technological services, it can address customer priorities such as operational efficiency, development and digital transformation.

Snoop has worked with other companies such as DirecTV, Zurich Insurance, City Bank and Bayer. It also has partnerships with Google Cloud, Microsoft and Huawei. Mr. Guaragna has been invited to participate as a speaker and outline his technical and business vision of the information technology industry in India, Poland and Latin America.

About Upco International Inc.

Upco is a cloud-based mobile service company which provides high-quality voice termination to a market driven by the growing activity in on-line communications and commerce. Upco is a licensed global telecom carrier within the international VoIP (voice over Internet protocol) wholesale business.

Upco has designed a software application for Apple iOS and Android, similar to Skype and WhatsApp, with the pending addition of the Upco e-wallet.