HPIL Holding (HPIL) Updates Shareholders

Rhea-AI Summary

HPIL Holding (OTC: HPIL) has announced the successful completion of its first corporate share issuance since new leadership took over in April 2021. This issuance is aimed at supporting significant developments, including the acquisition of core businesses and intellectual property, as well as assembling a foundational team. The company plans to file an OTC Attorney Letter by February 23, 2022, and complete its 2021 year-end filing. CEO Stephen Brown expressed confidence in the progress made and looks forward to future updates during an upcoming conference call on February 24, 2022.

Positive

• Successful completion of the first corporate share issuance under new leadership.
• Acquisition of core businesses and intellectual property aiding in business development.
• Formation of a key foundational team to support company growth.

Negative

• Risks associated with forward-looking statements regarding market conditions and acceptance of products.

VANCOUVER, BC, Feb. 22, 2022 /PRNewswire/ -- HPIL Holding (the "Company") (OTC: HPIL) is pleased to announce that it has completed its first corporate issuance of shares under the current leadership in support of the many business building actions taken since taking over the company in April 2021.The issuance of common shares supports the following major developments by the company:

• Acquisition of Core Businesses (Apogee, Medusa, World Gaming Group, Humm Token and NFT Procurement
• Acquisition of IP, Technology, & Patents (both awarded and in development)
• Assembling Key Foundational Team Members
• Early Funding

The Company after much turmoil due to its history will be filing the OTC Attorney Letter no later than February 23^rd. The Company is also finishing its filing for the 2021-year end.
"I am pleased to announce that with this share issuance, we have formally secured and integrated the businesses, IP & Patents, core team members, and initial funding needed to build HPIL Holding moving forward in 2022.We have come a long way since taking over the previous empty shell in April 2021 and we look forward to providing overall HPIL Company updates on our upcoming conference call this Thursday Feb. 24^th", said Stephen Brown CEO.

Conference call link: https://www.hpilholding.ca/

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: info@hpilholding.ca 
www.hpilholding.ca
Contact: Stephen Brown, CEO  
+1 778-819-1956

  

View original content:https://www.prnewswire.com/news-releases/hpil-holding-hpil-updates-shareholders-301487569.html

SOURCE HPIL Holding

FAQ

What was the purpose of HPIL's recent share issuance?

HPIL's recent share issuance aims to support the acquisition of core businesses, intellectual property, and the assembly of a foundational team.

When will HPIL file its OTC Attorney Letter?

HPIL plans to file its OTC Attorney Letter no later than February 23, 2022.

What significant developments did HPIL announce?

HPIL announced acquisitions of various businesses and IP, alongside the establishment of a foundational team and early funding.

What updates can shareholders expect from HPIL?

Shareholders can expect updates during a conference call scheduled for February 24, 2022.