HPIL Holding (HPIL) Announces it has secured a Ten Million Dollar Credit Line

Rhea-AI Summary

HPIL Holding (OTC: HPIL) has secured a $10,000,000 equity credit line with Auctus Fund LLC, demonstrating strong support for its future projects. CEO Stephen Brown expressed confidence in Auctus's long-term commitment, which aligns with the company's vision to advance multiple initiatives, including the ZIPPA project, expected to enter trial runs in approximately three weeks. This funding could enhance HPIL's market positioning amid ongoing developments.

Positive

• Secured a $10,000,000 equity credit line with Auctus Fund LLC.
• CEO expressed strong confidence in Auctus's long-term support.
• ZIPPA project is progressing well with a trial run expected in three weeks.

Negative

• None.

VANCOUVER, BC, Oct. 5, 2021 /PRNewswire/ -- HPIL Holding (the "Company") (OTC: HPIL) is pleased to announce that it has signed and secured a Ten Million ($10,000,000.00 USD) Dollar equity credit line with Auctus Fund LLC.

"After many long discussions with the Auctus team I feel very comfortable that they are in this for the long term and have committed their support in helping us to build HPIL and its many exciting projects/divisions," said Stephen Brown, Chairman/CEO.

"I would also like to give an update on the ZIPPA project that is coming along very well and expect to be presenting a trial run within the next 3 weeks, along with other World Gaming projects," 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@hpilholding.ca
Phone: +1 778-819-1956
www.hpilholding.ca

 

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SOURCE HPIL Holding

FAQ

What amount has HPIL secured from Auctus Fund LLC?

HPIL has secured a $10,000,000 equity credit line from Auctus Fund LLC.

What is the timeline for the ZIPPA project trial run?

The ZIPPA project is expected to enter trial runs within three weeks.

What is the significance of the equity credit line for HPIL?

The equity credit line provides HPIL with essential funding to support its various projects and enhance market positioning.

Who is the CEO of HPIL Holding?

The CEO of HPIL Holding is Stephen Brown.