SOURCE: HPIL Holding

September 25, 2013 16:30 ET

HPIL Holding Announces Cooperation Agreement With O.M.P.

SAGINAW, MI--(Marketwired - Sep 25, 2013) - HPIL Holding (the "Company" or "HPIL") (OTCQB: HPIL) is pleased to announce that its wholly owned subsidiary HPIL ENERGYETCH Inc., on September 23, 2013, entered into a Cooperation Agreement (the "Agreement") with OFFICINE MECCANICHE PEJRANI SRL ("O.M.P."), a private company focused on investing in the ecology and energy sectors. The parties will work cooperatively to develop and expand projects between the parties beginning on September 23, 2013. The term of the Agreement is one year unless terminated earlier by either party.

Louis Bertoli, President & CEO of HPIL Holding said "We look forward to working with O.M.P. through HPIL Holding's wholly owned subsidiary HPIL ENERGYTECH Inc. The business of ecology and energy are of our main interests and we expect productive cooperation between O.M.P. and HPIL ENERGYTECH Inc."

Mr. Paolo Pejrani, President & CEO of O.M.P., said "We are pleased with our agreement with HPIL ENERGYTECH Inc. and we anticipate a significant cooperative relationship with HPIL ENERGYTECH Inc. in 2014."

For more information about O.M.P., please visit www.pejrani.it and www.ompeco.com.

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," "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.

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