SOURCE: HPIL Holding

March 30, 2015 15:55 ET

HPIL Holding Announces Cooperation Agreement by HPIL ENERGYTECH Inc. With ARBORWIND LLC

SAGINAW, MI--(Marketwired - Mar 30, 2015) - HPIL Holding (the "Company" or "HPIL") (OTCQB: HPIL) is pleased to announce that its wholly owned subsidiary HPIL ENERGYTECH Inc., on March 23, 2015, entered into a Cooperation Agreement (the "Agreement") with ARBORWIND LLC, a private limited company focused on marketing renewable energy products and solutions. Under the Agreement, the parties intend to work cooperatively to develop and expand projects between the parties beginning on March 23, 2015. The term of the Agreement is one year unless terminated earlier by either party. For more information regarding HPIL Holding, please visit its website at www.hpilholding.com. For more information regarding HPIL ENERGYTECH Inc., please visit its website at www.hpilenergytech.com. For more information regarding ARBORWIND LLC, please visit its website at www.arborwind.com.

Louis Bertoli, President & CEO of HPIL Holding, said he was "very pleased to be working closely with ARBORWIND LLC for the worldwide market. Alternate energy is a key component of our plans moving forward and we believe it has significant potential for HPIL Holding's wholly owned subsidiary HPIL ENERGYTECH Inc."

Dilip Nigam, CEO of ARBORWIND LLC said he was "very pleased to be working closely with HPIL Holding through its wholly owned subsidiary HPIL ENERGYTECH Inc. and look forward to developing a close and mutually profitable relationship. ARBORWIND LLC's vertical wind turbine is patented and is a unique, efficient, and a low maintenance design."

Safe Harbor:
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding discussion, the words "pleased," "plan," "confident that," "believe," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the Company's products and technologies, competitive factors, the ability to successfully complete additional financings and other risks described in the Company's SEC reports and filings.

Contact Information

  • For more information, please contact:
    HPIL Holding
    +1(248)750-1015
    Investor Relations