HPIL Holding Announces Cooperation Agreement With TrueSkill Energen Pvt. Ltd.
SAGINAW, MI, Dec 28, 2012 (MARKETWIRE via COMTEX) --
HPIL Holding (the "Company" or "HPIL") (OTCQB: HPIL) is pleased to
announce that its wholly owned subsidiary HPIL ENERGYTECH INC., on
December 20, 2012, entered into a Cooperation Agreement (the
"Agreement") with TrueSkill Energen Pvt. Ltd., a private limited
company focused on marketing renewable energy products and solutions.
The parties will work cooperatively to develop and expand projects
between the parties beginning on December 20, 2012. The term of the
Agreement is one year unless terminated earlier by either party.
Mr. Nitin Amersey, the Director, CFO, Treasurer and Corporate
Secretary of HPIL Holding, currently serves as the Chairman of the
Board of Directors of TrueSkill Energen Pvt. Ltd.
Louis Bertoli, President & CEO of HPIL Holding, said he was "very
pleased to be working closely with TrueSkill Energen Pvt. Ltd.
through HPIL's wholly owned subsidiary HPIL ENERGYTECH INC."
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 filings.
For more information, please contact:
SOURCE: HPIL Holding
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