Adamant Global Holdings announces significant revenue growth

Vancouver, British Columbia – (May 20th, 2022) – Adamant Global Holdings. (CSE: ADMT) (OTC: UCCPF) (FSE: U06) (“Adamant”) published its Financial Statements 2021. The filing shows the growth of the working capital and an increase in sales due to the renewed business of Oktacom Inc, subsidiary of the public Canadian company. This translates in $496K of revenue.

All the audited statements can be accessed from the SEDAR website. Andrea Pagani, Adamant’s CEO, published a letter to the shareholders that expresses the following:

Dear shareholders,

2021 was an incredible year, one of the best that we have had. After facing different problems successfully we are glad to announce the reactivation of our wholesale business. A year ago, Oktacom Inc., our subsidiary, was dormant, and during this period we established a professional team that has been helping us expand long distance communications. Nowdays, we are interconnected with many telecom carriers and are continuing to establish strong relations, with mobile operators around the world. This ongoing business allows us to reduce our debts, increase our working capital and have substantial revenue growth.

Adamant is closing this period with a significantly strengthened balance sheet thanks to the reduction in costs for SG&A; decrease in total liabilities, reactivation in wholesale voice sales and strong capital inflows.We finished the year with positive working capital ($1,300,000) and revenue ($496,000).

The current management was the main key to achieve and improve the financials relaunching the company; and this has allowed us to continue working on integrating the payment solution to our existing application (Upco Messenger).

Our objectives have never changed and they will not change. The plan in 2021 to develop the product which would been in the market by the end of that year was too aggressive without the support of a business that we are consolidating now. Our goals are to make us stronger in the telecom business acquiring companies that will help us market the app in different regions and countries. We also want to reiterate to the shareholders that we are working non-stop to deliver a product, minimizing risks and maximizing chances with an adaptable plan.

Our operational highlights for the communication and payment aplication during 2021 were the following:

  1. Engagement with Codeversity -a technology company that develops digital products for global customers- to create digital strategy, with the following results: Discovery phase resulting in a product design.
  2. Work with Snoop Consulting, a Digital Transformation company, to improve the customer experience for the user, redesigning the roadmap of an existing application.
  3. Growth of Upco Messenger (40,000 users)

In addition to this, Oktacom Inc, our subsidiary, was granted the 214 international Telecommunication License.

Thanks to our positive working capital, our priorities for 2022 include:

  • Continuing the development of the UPOne platform.
  • Developing marketing with leading retailers.
  • Strong investment in sales, marketing and communication strategies to drive growth.
  • Increasing the number of end-user customers leveraged by our acquisition strategy of telecom companies with a solid customer base. Our M&A strategy is fully in place, stronger than ever, as we are carrying out due diligence with several targets.

In the middle of this year, we decided to change the name of our company as part of our marketing strategy. Adamant refers to something unshakable; this is linked to the compromise that the company assumes: being in a solid position to address the technology sector.

Every day we gain more experience and our goals are more ambitious. We are working non-stop to deliver our promises. The company under the new name Adamant is stronger than ever, with several projects to be implemented and developed in a market that will continue growing”.

On behalf of the board members

Andrea Pagani, Adamant CEO

Adamant Global further announces the results of Annual General Meeting held on May 10th.

It was resolved that the numbers of the directors will continue as in 2021 integrated for Andrea Pagani, as the CEO, Juan Ramos Taboada and Estanislao Peña. The stock option plan will also remain as in 2021.

MSLL CPA LLC, Chartered Professional Accountants, was appointed as auditors of the Company to hold office until the next annual meeting of shareholders.

About ADAMANT

ADAMANT Global Holding is the owner of Oktacom Inc, a licensed Global Telecom Carrier within the international VoIP (voice over IP) wholesale business; and Brilliance LTD, 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.

Brilliance has designed a software application for Apple iOS and Android, like SKYPE and WhatsApp.

UPCO Messenger reaches 40,000 users

Vancouver, British Columbia–(February 22, 2022) – Upco International Inc. (CSE: UPCO) (OTC Pink: UCCPF) (FSE: U06) (“Upco” or the “Company”) informs 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 Consulting CEO, 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 International CEO 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 travelers, 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 of for UPCO Messenger is to maintain an ecosystem with lower data consumption on the server, which will be ideal for users who travel. Our 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

Snoop Consulting 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. Its CEO, Gustavo Guaragna, has been invited to participate as a speaker and outline his technical and business vision of the IT industry in India, Poland, and Latin America.

About UPCO

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, and with the pending addition of the Upco e-Wallet.

Upco works with Snoop Consulting to improve the new UPCO APP

Vancouver, BC, January 27, 2022, Upco International Inc. (CSE: UPCO) (OTC: UCCPF) (Frankfurt: U06) (“Upco” or the “Company”) is pleased to announce its partnership with Snoop Consulting, a Digital Transformation company that delivers innovative products and strategic advice to digital businesses. This alliance was established to collaborate on improving the user experience of the new UPCO messaging and payments application.

Andrea Pagani, UPCO International CEO, commented, “We are delighted to be working with Snoop Consulting. Our goal is to design the most powerful platform in the market and part of that strategy involves improving the quality of user interactions with our product. Snoop Consulting is helping us realize this goal.”

Gustavo Guaragna, Snoop Consulting CEO, noted: “We are very pleased to have an opportunity to work with UPCO on the lean inception for the customer experience improvements of this unified communications and payments solution. Our focus, in collaboration with Upco, is to make the application more attractive and useful for the market.”

The alliance of UPCO and Snoop Consulting will result in an optimized version of the application that reflects an improved understanding the user’s needs, desires, and expectations. Once completed, it is anticipated that this new app will be deployed throughout Europe.

Snoop has very substantial relevant experience in the telecommunications market and, more specifically, with payment and e-commerce platforms, having developed digital wallets for Fintech companies.

With this partnership, UPCO reaffirms its commitment to the development of a new app that will help people communicate more effectively, and facilitate faster, more secure payments.

The company is also focused on the telecommunications business, reinforcing alliances with local telecom licensed operators and partners to penetrate the retail market. This work is being undertaken to achieve growth in the wholesale sector.

About Snoop

Snoop Consulting 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. Its CEO, Gustavo Guaragna, has been invited to participate as a speaker and outline his technical and business vision of the IT industry in India, Poland, and Latin America.

About Upco

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, and with the pending addition of the Upco e-Wallet.