SOURCE: HPIL Holding

May 29, 2015 20:00 ET

HPIL Holding Announces Plan of Merger

SAGINAW, MI--(Marketwired - May 29, 2015) - HPIL Holding (the "Company") (OTCQB: HPIL) is pleased to announce that on May 27, 2015, HPIL Holding (the "Company") entered into a Plan of Merger (the "Plan of Merger") with its six wholly owned subsidiaries (collectively, the "Subsidiaries" and, each individually a "Subsidiary"), HPIL HEALTHCARE Inc., HPIL ENERGYTECH Inc., HPIL WORLDFOOD Inc., HPIL REAL ESTATE Inc., HPIL GLOBALCOM Inc., and HPIL ART&CULTURE Inc. In accordance with the Plan of Merger, all shares of each Subsidiary will be canceled and each Subsidiary will merge with and into the Company and cease to exist, with the Company remaining as the sole surviving entity. The main objective behind the Plan of Merger is to streamline operating efficiencies.

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

  • For more information, please contact:
    HPIL Holding
    +1(248)750-1015
    Investor Relations