HPIL Holding (HPIL), Announces it has Officially been Approved by the OTC for its OTCIQ Application

Rhea-AI Summary

HPIL Holding (OTC: HPIL) has announced the immediate approval of its application with OTCIQ, allowing the company to continue as a parent holding firm for its divisions, including Cybernetic Technologies and NFT Procurement. CEO Stephen Brown expressed pride in the company's rapid accomplishments and emphasized a commitment to transparency and aggressive business strategies. The release contains forward-looking statements that highlight potential risks, including market conditions and competition, while asserting the company’s intent to navigate these challenges.

Positive

• Approval of OTCIQ application enhances visibility and credibility.
• Company retains parent holding status for multiple innovative divisions.

Negative

• Forward-looking statements indicate risks related to market conditions and competition.

VANCOUVER, BC, Aug. 11, 2021 /PRNewswire/ -- HPIL Holding (the "Company") (OTC: HPIL) announces that its application with the OTCIQ (www.otciq.com) has been approved effective immediately. "The Company will now remain as a parent holding company to the divisions: Cybernetic Technologies, Apogee Dynamics, NFT Procurement, World Gaming Group and Medusa Artificial Intelligence", said Stephen Brown the CEO.

OTC Quote on August 10th, 2021: Congratulations! Your application for OTCIQ service has been approved. The OTCIQ Agreement form was sent via DocuSign to Stephen Brown's email.

"We are proud with our accomplishments in such a short time and will continue with a transparent yet aggressive business acumen", 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: 
HPIL Holding
1720 650 West Georgia St
Vancouver, BC V6B 4N8
Contact: Stephen Brown, CEO
info@cybernetictech.ca
Ph: (778) 819-1956

 

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SOURCE HPIL Holding

FAQ

What is the significance of HPIL's OTCIQ application approval?

The approval enhances HPIL's visibility and credibility in the market.

Which divisions will HPIL continue to operate under the parent holding company?

HPIL will operate divisions such as Cybernetic Technologies, Apogee Dynamics, and NFT Procurement.

What risks does HPIL note in its press release?

HPIL mentions risks related to market conditions, competition, and the successful completion of additional financings.

When was HPIL's OTCIQ application approved?

HPIL's OTCIQ application was approved on August 10, 2021.

Who is the CEO of HPIL?

The CEO of HPIL is Stephen Brown.