Fintech PR
Upco International Inc. Announces New Directors in the Board
Vancouver, British Columbia–(Newsfile Corp. – May 25, 2020) – Upco International Inc. (CSE: UPCO) (OTCQB: UCCPF) (FSE: U06) (“Upco”) is pleased to announce the appointment of Mr. Gerben Borsje, Mr. Juan Ramos Taboada and Mr. Sebastiano Massimo Galantucci to the Board of Directors, and Mr. Trent Collett as Executive Vice President Corporate Development and Investor Relations North America. Mr. Andrea Pagani Chief Executive Officer, Upco International Inc. was appointed as Chairman of the Board effective May 8, 2020.
Mr. Borsje and Mr. Ramos Taboada were elected by shareholders at the Company’s AGM held on December 20, 2019. Mr. Ramos Taboada consented to act as Director effective from the date hereof. Messrs. Franco Zanichelli and Sergio Mistrali were not re-elected as directors at the AGM and the Company would like to thank Messrs. Zanichelli and Mistrali for their service to Upco. Mr. Galantucci was appointed as the fourth member of the Board of Directors effective May 8, 2020.
Mr. Borsje is a self-made sales and distribution entrepreneur with extensive experience and a proven track record with fast moving products. Over the past more than two decades, he has successfully built a number of consumer brands on a global and pan-European scale. In this context, he has gained considerable experience managing negotiations for commercial agreements on an international level. Mr. Borsje’s contributions as a director will draw on his broad experience, innovative approach, and focus on building win-win relationships.
Prior to joining Upco International Inc. in the capacity of Executive Manager responsible for the Telecom Division and M&A strategy, Mr. Ramos Taboada was the Vice President Latinamerica and Caribbean at KPN ibasis (based in Argentina). He has extensive experience playing lead roles in building successful mobility and telecom companies including iBasis, which grew to be one of the largest carriers of international voice traffic in the world. From 2011 to 2015 he was the COO of Business Telecommunications Systems (revenues USD $350m), where he was responsible for world operations. He has also worked as a strategic advisor for SKYPE, where he was instrumental in helping to develop its Latin American footprint.
Mr. Galantucci joined Upco Systems in 2019 as COO and, effective January 1, 2020, became the Executive Manager responsible for the Digital Division at Upco International, which includes UpcoPay. He joins the Board with more than twenty years of diverse experience in the traditional telecom sector, and more recently in the digital arena. His broad experience in cross-cultural business management ranges from leading local teams to executive management positions. Prior to joining Upco, Mr. Galantucci was involved in building a Digital Enabler focusing on innovative telecom (OTT) and fintech solutions, with operations in London, Bahrain, Hong Kong and Manilla. His key areas of interest are M&A and business development.
Mr. Collett, based in Victoria, BC, is a senior business consultant with international experience, specializing in venture capital / financing and investor relations. His proven track record includes successful capitalization and business development of assorted ventures in the international mining exploration sector, with more recent diversification into telecom and Fintech ventures. In his new role, Mr. Collett will focus on business development activities in North America, as well as investor relations.
Mr. Andrea Pagani Chief Executive Officer, Upco International Inc., commented, “Upco International is at a turning point in terms of its corporate management, and is in the process of restructuring to better respond to a number of significant opportunities. We are very fortunate to have engaged these four gentlemen on our Board and senior management team. Their successful track records to date reflect proven expertise in their respective fields, as well as entrepreneurial competence. The diverse backgrounds, business acumen and international experience they bring to Upco will be invaluable as we continue to build the depth and vision needed to diversify offerings and expand within Europe and into the Latin American and North American markets.”
Upco also announces that Mr. Andrea Pagani, CEO, has loaned USD $150,000.00 to Upco International Inc.
Additionally, Upco announces that it has issued 5,531,704 common shares in its capital at a deemed price of $0.07 per share to arm’s length parties and insiders in settlement of CAN $387,225 in debt. The shares are subject to a statutory 4-month hold and are so legended.
As three of the creditors are “insiders” of Upco, part of the debt settlement constitutes a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Upco is relying on the exemptions from the formal valuation requirement and the minority approval requirement set out in sections 5.5(a) and 5.7(a) respectively of MI 61-101 (Fair Market Value Not More Than 25% of Market Capitalization).
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 upcointernational.com or upcomobile.com for further information.
ON BEHALF OF THE BOARD OF DIRECTORS
Andrea Pagani, CEO Upco International Inc., Upco Systems Inc.
+1 (212) 461 3676
Forward-Looking Statements
Except for the statements of historical fact, the information contained herein is of a forward-looking nature. Such forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of the Company to be materially different from any future results, performance or achievements expressed or implied by statements containing forward-looking information. Such factors include continued availability of capital and financing and general economic, market or business conditions.
Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that statements containing forward looking information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on statements containing forward looking information. Readers should review the risk factors set out in the Company’s Filing Statement as filed on SEDAR.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/56533
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STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.
The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.
To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.
The webcast can be followed live here and a recording will be available afterwards.
Information on EQT AB’s financial reporting
The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.
The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.
Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]
Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/eqt/r/invitation-to-presentation-of-eqt-ab-s-q1-announcement-2024,c3956826
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- Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
- Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
- Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
- Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
- PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
- Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
- 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
- CEO reaffirms Kia’s commitment to ESG management
SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.
Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.
During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.
The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.
“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”
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VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.
As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.
The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.
Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.
About BioVaxys Technology Corp.
BioVaxys Technology Corp. (www.biovaxys.com), a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit www.biovaxys.com and connect with us on X and LinkedIn.
ON BEHALF OF THE BOARD
Signed “James Passin“
James Passin, Chief Executive Officer
Phone: +1 646 452 7054
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