HPIL HOLDING - HPIL STOCK NEWS

HPIL Holding (OTC: HPIL) has appointed Rizwan Alikhan as Senior Vice President of Business Development and Operations for Europe. This strategic hire aims to enhance business opportunities and operational improvements within the European market. CEO Stephen Brown expressed confidence in Alikhan's extensive experience across various global markets to help grow HPIL into an internationally recognized brand. Additionally, the company terminated the employment of two executives, Lord Ferrox Tutinean and Micheal Torrey, due to violations of company policies.

HPIL Holding (OTC:HPIL) has appointed Rizwan Alikhan as the new Senior Vice President of Business Development and Operations for Europe. His experience spans over 25 years in finance and corporate leadership across North America, Europe, and Australia. This appointment aims to foster business development and operational improvements. Additionally, the company has terminated the employment of two executives for policy violations and misappropriation of assets, asserting its commitment to shareholder interests.

HPIL Holding (OTC: HPIL) has rescheduled its shareholders meeting to June 16, 2022, at 2 PM PST, to provide more time to finalize plans and share substantial updates. The company must post audited annual financial statements to lift a cease trade order by the BCSC, with audits currently underway. CEO Stephen Brown noted terminations of Mr. Lord Ferrox Tutinean and Mr. Micheal Torrey due to violations of company policies. The upcoming conference call is anticipated to outline the company's strategic direction in the EV, Gaming, and Blockchain sectors.

HPIL Holding (OTC: HPIL) will hold a shareholders meeting on June 9 at 2 PM PST to provide updates on various business segments, including Apogee Dynamics and the EV market. Important topics include the confirmed launch of the Humm Token, the upcoming game 'Solomons Revenge' from World Gaming Group, and details concerning the delay of 'ZIPPA'. The meeting will also address completed legal settlements and future funding plans. CEO Stephen Brown highlighted the ongoing wait for OTC's Pink Status response, acknowledging shareholder frustrations.

HPIL Holding (OTC: HPIL) announced a settlement reached on May 20, 2022, with various parties including POWER UP LENDING GROUP and ASHER ENTERPRISES. This resolution entails a cash settlement for HPIL and the cancellation of any outstanding warrants from the defendants. CEO Stephen Brown expressed that this settlement is a strategic move for the betterment of HPIL and its shareholders, allowing the company to concentrate on its core business and potential further settlements.

HPIL Holding (OTC: HPIL) has secured a CAD 32 million capital commitment from GEM Global Yield LLC SCS for a 36-month term. The funds aim to enhance HPIL's business segments and incubate new technologies following the company's public listing on the Canadian Stock Exchange. HPIL can draw funds against share issuance and has issued warrants to GEM for 3.8% of outstanding common stock. Additionally, there's an option to increase funding to CAD 75.5 million during the commitment period, facilitating the company's growth strategy.

HPIL Holding (OTC: HPIL) has announced a settlement with GPL Ventures LLC and others, resolving a complaint in the U.S. District Court for the Southern District of New York, which has now been dismissed. CEO Stephen Brown believes this settlement is favorable for the company and its shareholders, allowing HPIL to concentrate on core business activities and potential future settlements. Additionally, Brown addressed the company's collaboration with SRCO Professional Corporation for drafting financial statements, emphasizing the management's ultimate responsibility for financial reporting.

HPIL Holding (OTC: HPIL) has filed a lawsuit against multiple entities, including Power Up Lending Group Ltd, for alleged violations of Federal Securities and RICO Laws. CEO Stephen Brown stated that the current management is focused on unwinding damaging deals made by prior management. The company has also filed its financial disclosures and expects to finalize last quarter reports by April 30, 2022. HPIL aims to protect shareholder interests and will pursue further legal actions against similar entities involved in allegedly unlawful transactions.

HPIL Holding (OTC: HPIL) has filed a lawsuit against GPL Ventures, LLC, seeking $16,000,000 for alleged violations of Federal Securities and RICO laws. Following a management takeover, CEO Stephen Brown stated that prior transactions have adversely impacted shareholders. The lawsuit aims to address these unlawful transactions and to hold accountable those involved in illegal trading that harms retail investors. The SEC has also recently sued GPL Ventures for similar issues, highlighting the seriousness of the allegations. HPIL is committed to enhancing shareholder value through this legal action.