MILAN, ITALY – May 7, 2019 - Toron, Inc (Nasdac OTC; TRON) provided its stockholders today with a corporate update regarding recent management and new corporate mission.
On April 3rd, 2019, the new management of Toron was appointed.
On April 5, 2019, Mr. Meneghello, Chief Executive Officer, was successful in completing an agreement with UPCO International, Inc., through its Italy based subsidiary, UPCO Systems, SRL.
The Agreement provides for UPCO to assist in the development and hosting of mobile based applications for TRON Mobile Messenger, TRON Pay and Toron Pay-Cards (International IMTU and Gift Cards). The agreement provides for UPCO to host and manage the new mobile applications.
Mr. Meneghello also stated that on May 5th, 2019, Toron finalized a co branding agreement with , and WORLD INTERNATIONAL SERVICES LLC , (W.I.S.) a Voip - Telecommunication Services company provider based in New York and Miami- Florida. These agreements will provide our new applications with up to 30,000,000 of current customers/users. These agreements provide for customers which are located in North, South America and Europe, the Philippines and Europe for our newly developed TRON/UPCO/VOX/W.I.S. applications.
TORON, INC., is a Nevada based publicly held corporation on the OTC Markets, (OTC-TRON). Toron has recently added additional offices in Miami, Florida to coordinate our new partnerships. The Company focus is management, development and financing acquisitions.
UPCO Systems, SRL.
UPCO Systems, SRL, is the European Offices for Upco International Inc. (CSE: UPCO) (Frankfurt: U06) 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 also designed a software application for IOS and Android, similar to SKYPE and WHATSAPP, that will enable fully secure communications, social media, namely connecting users and sharing pictures, locations, international airtime top up, International and national calls and chatting.
With the forthcoming addition of the Upco e-Wallet 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.
VOX ON LINE SERVICIOS DE COMUNICACOES LTDA (VOX): is a technology company, incorporated in Rio De Janeiro Brazil in March 2007, to provide information technology (“IT”) consulting services and a virtual and electronic payment processing platform in Brazil. In 2016 and 2017, focused on developing Vox-/platform . The principal business and growth opportunities in the future will arise from our virtual and electronic /transactions/Gift card/GSM Top Ups/Sending payment processing platform that was developed to serve underserved communities in Brazil. During the past 24 months, Vox invested significant capital and internal resources in the development of VoxTerminal . The platform is centered around a proprietary WALLET application (“Wallet”) and helps consumers and businesses process payment transactions and manage their payments efficiently. Vox also offer prepaid cards which our users can fund using money transfers from the Wallet. Our current customers based are located primarily in Brazil and other country of Latin America. The ongoing migration from cash, check, and other paper methods of payment to electronic (e.g. prepaid card) and virtual payments continues to benefit the transaction processing industry globally. We believe that the penetration of electronic and virtual payments in Brazil is significantly lower relative to more mature markets. Thus, as the Brazilian market continues to grow and financial inclusion increases, the emergence of a larger and more sophisticated consumer base may influence and drive an increase in electronic and virtual payments usage. Vox has a partnership with UUDI a mobile application that holds users’ cash and can be used to process a variety of consumer transactions. Users can deposit money – or cash into their Wallet by using the application to generate a virtual boleto bancário slip, which includes a barcode that serves as a unique routing number. Users can bring these virtual boletos with their cash to any location that processes boletos and make deposits into their Wallet. Boletos are processed in many locations throughout Brazil, including supermarket chains, convenience stores, and lottery ticket vendors.
WORLD INTERNATIONAL SERVICES LLC ( W.I.S )
Currently generate significantly all of our revenue from our IT consulting services. The business helps our clients manage their IT environments so that they can improve business outcomes and transform operations. Our goal is to build high-performance solutions for our clients, offering a diverse array of services that include core business consulting, enterprise project management, information technology services and outsourcing, development and operations services, blockchain and cloud services, advance integration services, web development and automation services, and strategic development services, among others. Working closely with our clients, we develop products and solutions that are designed to help clients increase productivity, efficiency, revenue, and profit margin.
Revenues from W.I.S operations are derived from our IT service contracts with clients across the financial services and commercial industries. We enter into contracts with clients and deploy software engineers to carry out the services. In 2014, we began soliciting our customers for contracts that became effective in 2016-17 , and thus we did not record any revenue from services last year. We incurred costs from administrative overhead, employee wages and benefits and expenses relating to the development of products.