SANFORD, Mich., March 08, 2018 (GLOBE NEWSWIRE) -- HPIL HOLDING (the “Company”) (OTC Pink:HPIL) announced that a false press release has been posted on concerning HPIL.

The false press release, “HPIL HOLDING Announces Corporate Buyout; Initiates Agreement,” stated that HPIL had received an offer from Telesun Technology to buy out HPIL at $0.01 a share, and purported to quote HPIL's CEO, Nitin Amersey.

In actual fact, HPIL has no knowledge of any such offer and the CEO has not made this statement. The Company has asked Accesswire to remove this item.

Safe Harbor / Forward-Looking Statements:

Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” “plan,” “potential,” “seek,” and “intend,” among others. These forward-looking statements are based on the Company’s current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to, substantial competition; our possible need for financing; uncertainties of technological changes; and dependence upon third parties. The Company does not undertake an obligation to update or revise any forward-looking statement. All of the Company’s forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date hereof.

HPIL Holding

Mr. Peter Nicosia
Tel:  +1 (248) 750-1015

Source: HPIL Holding