SOURCE: HPIL Holding

October 15, 2014 09:40 ET

HPIL Holding Announces Signing of Contract by HPIL HEALTHCARE Inc. With the WTFSKF

SAGINAW, MI--(Marketwired - Oct 15, 2014) - HPIL Holding (the "Company") (OTCQB: HPIL) is pleased to announce that on October 9, 2014 its wholly owned subsidiary HPIL HEALTHCARE Inc. entered into a contract with the World Traditional Fudokan Shotokan Karate-Do Federation ("WTFSKF") for the sale of 1.5 million units of its IFLOR Stimulating Massage Device ("IFLOR Device") Standard Version. According to the contract, WTFSKF is scheduled to take delivery of the units over the course of a three-year period beginning in January 2017. Currently, the suggested retail price of the IFLOR Device Standard Version is US$54 per unit, excluding applicable sales or other taxes. For more information on HPIL Holding, please visit its web site at http://www.hpilholding.com. For more information on HPIL HEALTHCARE Inc., please visit its web site at http://www.hpilhealthcare.com. For more information on the WTFSKF, please visit its web site at http://www.wtfskf.org. For more information on the IFLOR Device, please visit its web site at http://www.iflor.it.

Mr. Louis Bertoli, the Chairman and CEO of HPIL Holding said, "We are very pleased to announce this contract for the sale of 1.5 million units of the IFLOR Device Standard Version to the WTFSKF by the Company's wholly owned subsidiary HPIL HEALTHCARE Inc."

Mr. Ionel Bara, President of the World Traditional Fudokan Shotokan Karate-Do Federation said, "We are delighted to work with HPIL HEALTHCARE Inc. and we look forward to working with them long term and in developing the IFLOR Device and other products for WTFSKF."

Mr. Nitin Amersey, Director and CFO of HPIL HOLDING said, "This contract is expected to have a positive impact on HPIL Holding. We look forward to our relationship with the WTFSKF with HPIL HEALTHCARE Inc. and in working with WTFSKF on the IFLOR Device and other products and to contributing to the well-being of WTFSKF."

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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