SOURCE: HPIL Holding

November 17, 2014 10:43 ET

HPIL Holding Announces Cooperation Agreement by HPIL ENERGYTECH Inc. With ECOVAL & CO. SRL

SAGINAW, MI--(Marketwired - Nov 17, 2014) - HPIL Holding (the "Company" or "HPIL") (OTCQB: HPIL) is pleased to announce that its wholly owned subsidiary HPIL ENERGYTECH Inc., on November 10, 2014, entered into a Cooperation Agreement (the "Agreement") with ECOVAL & CO. SRL, 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 November 10, 2014. 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 ECOVAL & CO. SRL, please visit its website at www.ecoval-co.com.

Louis Bertoli, President & CEO of HPIL Holding said he was "very pleased to be working closely with ECOVAL & CO. SRL for the worldwide market and believe it has significant potential and can provide significant services to benefit all concerned." 

Mario Fabio Valotti, President & CEO of ECOVAL & CO. SRL 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."

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.

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