SAGINAW, MI--(Marketwired - Dec 2, 2014) - HPIL Holding (the "Company" or "HPIL") (OTCQB: HPIL) is pleased to announce that its wholly owned subsidiary HPIL ART&CULTURE Inc., on December 1, 2014, entered into a Cooperation Agreement (the Agreement") with SOCIAL ART WORLD Ltd., a private company focused on investing in the art and culture sectors. The parties worked cooperatively since December 4, 2012, and will continue work cooperatively to develop and expand projects between the parties beginning on December 1, 2014. The term of the Agreement is three years unless terminated earlier by either party. For more information regarding HPIL Holding, please visit its website at www.hpilholding.com. For more information regarding HPIL ART&CULTURE Inc., please visit its website at www.hpilartculture.com. For more information regarding SOCIAL ART WORLD Ltd., please visit its website at www.socialartworld.com.
Louis Bertoli, President & CEO of HPIL Holding, said, "We look forward to working with SOCIAL ART WORLD Ltd. through HPIL ART&CULTURE Inc., and the many facets of its oeuvre. By connecting artists and people SOCIAL ART WORLD Ltd. offers inspiration and innovation to all."
Mr. Mauro Falaschi, President and CEO of the SOCIAL ART WORLD Ltd., said, "We are pleased with our agreement with HPIL ART&CULTURE Inc., and anticipate significant developments in 2015 and beyond. The purpose of SOCIAL ART WORLD Ltd. is to bring out new talent and new works of art and culture, and we expect to work cooperatively with HPIL ART&CULTURE Inc."
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.