SOURCE: HPIL Holding

January 09, 2015 09:36 ET

HPIL Holding Announces Cooperation Agreement by HPIL ENERGYTECH Inc. With GINARES GROUP AG

SAGINAW, MI--(Marketwired - Jan 9, 2015) - HPIL Holding (the "Company" or "HPIL") (OTCQB: HPIL) is pleased to announce that, on January 5, 2015, its wholly owned subsidiary HPIL ENERGYTECH Inc. entered into a Cooperation Agreement (the "Agreement") with GINARES GROUP AG, a private company focused on providing independent global and local renewable energy solutions. Under the Agreement, the parties intend to work cooperatively to develop and expand projects between the parties beginning on January 5, 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.

Mr. Louis Bertoli, President & CEO of HPIL Holding, said he was "very pleased to be working closely with GINARES GROUP AG through HPIL's wholly owned subsidiary HPIL ENERGYTECH Inc."

Mr. Nitin Amersey, CFO and Director of HPIL Holding, said he was "very pleased to be working closely with GINARES GROUP AG. The GINARES GROUP AG is a progressive organization with very interesting technology and we will be working closely with them in the future." 

Mr. Peter Zu Sayn-Wittgenstein, President and CEO of GINARES GROUP AG, said he was "very pleased to be working closely with HPIL Holding's wholly owned subsidiary HPIL ENERGYTECH Inc."

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

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    HPIL Holding
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