May 28, 2015 16:40 ET

HPIL Holding Announces Resignation of Director

SAGINAW, MI--(Marketwired - May 28, 2015) - HPIL Holding (the "Company") (OTCQB: HPIL) announces that on May 23, 2015, Mauro Falaschi, a director of HPIL Holding, notified the Company of his resignation from the Company's Board of Directors effective immediately. Mr. Falaschi's decision to resign is solely for personal reasons.

Mauro Falaschi said that he was "Very pleased to work with the Company as a Member of the Board of Directors."

Nitin Amersey, Director and CFO of the Company, said, "We were very pleased with Mr. Falaschi, and we wish him the best in his personal matters."

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.  

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