HPIL Holding Announces it has Received Name Change Approval from FINRA

Rhea-AI Summary

HPIL Holding has announced its name change to CYBERNETIC TECHNOLOGIES LTD., following approval from FINRA. CEO Stephen Brown expressed anticipation for a Q&A session on May 28 to clarify any misconceptions surrounding the company's direction. The announcement emphasizes the company's commitment to overcoming challenges and improving its position within the market.

Forward-looking statements in the release warn of risks associated with market conditions and product acceptance, reminding investors of potential uncertainties in achieving projected outcomes.

Positive

• Name change to Cybernetic Technologies Ltd. may enhance brand perception and market presence.

Negative

• Risks and uncertainties highlighted in forward-looking statements may affect investor confidence.

VANCOUVER, BC, May 14, 2021 /PRNewswire/ -- HPIL Holding (the "Company") (OTC: HPIL) announces that FINRA has approved the official name change of the company to CYBERNETIC TECHNOLOGIES LTD.

"I am looking forward to the Q & A on the 28^th, so I can squash any misconceptions and rumours and get this company back on the track as we are aggressively doing so", said Stephen Brown, CEO.

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 filing.

For more information:
Cybernetic Technologies Ltd
1720 650 West Georgia St
Vancouver, BC V6B 4N8
Contact: Stephen Brown, CEO
www.cybernetictech.ca
info@cybernetictech.ca
Ph: (778) 819-1956

View original content:http://www.prnewswire.com/news-releases/hpil-holding-announces-it-has-received-name-change-approval-from-finra-301291725.html

SOURCE HPIL Holding

FAQ

What did HPIL Holding announce on May 14, 2021?

HPIL Holding announced its name change to Cybernetic Technologies Ltd. after receiving approval from FINRA.

Who is the CEO of HPIL Holding?

The CEO of HPIL Holding is Stephen Brown.

When is the Q&A session scheduled following the name change announcement?

The Q&A session is scheduled for May 28, 2021.

What are the implications of the name change for HPIL Holding (HPIL)?

The name change could potentially enhance the company's brand perception and align better with its business objectives.

What risks does HPIL Holding mention in its press release?

HPIL Holding mentions market conditions and acceptance of its products as potential risks affecting future performance.