SOURCE: HPIL Holding

August 29, 2013 15:27 ET

HPIL Holding Announces Cooperation Agreement With O.R.C.

SAGINAW, MI--(Marketwired - Aug 29, 2013) - HPIL Holding (the "Company" or "HPIL") (OTCQB: HPIL) is pleased to announce that its wholly owned subsidiary HPIL ENERGYTECH Inc., on August 26, 2013, entered into a Cooperation Agreement (the "Agreement") with O.R.C. SRL, a private company focused on investing in the energy sector. The parties will work cooperatively to develop and expand projects between the parties beginning on August 26, 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.R.C. SRL through HPIL Holding's wholly owned subsidiary HPIL ENERGYTECH Inc. The business of energy is one of our main interests and we expect productive cooperation between O.R.C. SRL and HPIL ENERGYTECH Inc."

Mr. Ignazio Minetta, President of O.R.C. SRL, said, "We are pleased with our agreement with HPIL ENERGYTECH Inc. and we anticipate a significant cooperative relationship with HPIL ENERGYTECH Inc. in 2014."

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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