SAGINAW, MI--(Marketwired - Aug 23, 2013) - HPIL Holding (the "Company" or "HPIL") (OTCQB: HPIL) is pleased to announce that its wholly owned subsidiary HPIL GLOBALCOM Inc., on August 20, 2013, entered into a Cooperation Agreement (the "Agreement") with 2EVOLUTION STUDIOS, a private company focused on investing in the communication sector. The parties will work cooperatively to develop and expand projects between the parties beginning on August 20, 2013. The term of the Agreement is two years unless terminated earlier by either party.
Louis Bertoli, President & CEO of HPIL Holding, said, "We look forward to working with 2EVOLUTION STUDIOS through HPIL Holding's wholly owned subsidiary HPIL GLOBALCOM Inc. The business of communication is one of our main interests and we expect healthy cooperation between 2EVOLUTION STUDIOS and HPIL GLOBALCOM Inc."
Mr. Giuseppe Piazzolla, President of 2EVOLUTION STUDIOS, said, "We are pleased with our agreement with HPIL GLOBALCOM Inc. and 2EVOLUTION STUDIOS anticipates a significant and cooperative relationship with HPIL GLOBALCOM Inc. in 2014 and beyond."
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," "anticipate," 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.