|By Marketwired .||
|September 22, 2016 06:06 PM EDT|
SANFORD, MI -- (Marketwired) -- 09/22/16 -- HPIL Holding (the "Company") (OTC PINK: HPIL) is pleased to announce that on August 30, 2016, it filed its 10-K (annual report) for the fiscal year ending December 31, 2015, with the U.S. Securities and Exchange Commission ("SEC"). Additionally, the Company also filed its 10-Q (quarterly report) for the periods ending March 31, 2016, and June 30, 2016, with the SEC on August 31, 2016. Prior to April 14, 2016, the Company filed its periodic reports with the SEC as a voluntary filer. On April 14, 2016, the Company transitioned to filing periodic reports through the OTC Disclosure & News Service pursuant to the Pink Basic Disclosure Guidelines. As of August 30, 2016, the Company returned to filing its periodic reports with the SEC as a voluntary filer and intends to continue doing so and remain current for the foreseeable future. HPIL Holding (http://HPILHOLDING.COM) is a diversified holding company listed on OTCMarkets.
In 2014, the Company entered into a Brand License Agreement (the "Brand License Agreement") with the World Traditional Fudokan Shotokan Karate-Do Federation ("WTFSKF", http://WTFSKF.ORG), a worldwide membership-based karate federation based in Switzerland. As discussed in our annual report and quarterly reports, the Company plans to continue working on the Brand License Agreement over the next 13 months, including planning strategy meetings with the senior management of WTFSKF. The Brand License Agreement was included as an exhibit with the Company's current report on Form 8-K filed with the SEC on December 30, 2014, which also includes a discussion of the Brand License Agreement.
Additionally, the Company has begun to actively look for potential investments in the encrypted communications area, especially involving iOS and Android smartphone applications, and has recently begun discussions for the potential acquisition of an encrypted communications distribution company. The Company also seeks investment opportunities in the smartphone digital payments space.
Mr. Nitin Amersey, CFO, said, "We are actively pursuing additional financing to enable us to complete an acquisition in the encrypted communications space."
Mr. Louis Bertoli, Chairman and CEO, said, "We are very interested in meeting with the WTFSKF to build upon and progress our Brand License Agreement."
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.
For more information, please contact:
Sep. 28, 2016 02:15 AM EDT Reads: 1,332
Sep. 28, 2016 02:00 AM EDT Reads: 1,121
Sep. 28, 2016 01:45 AM EDT Reads: 3,033
Sep. 28, 2016 01:45 AM EDT Reads: 2,789
Sep. 28, 2016 01:45 AM EDT Reads: 2,889
Sep. 28, 2016 01:30 AM EDT Reads: 2,028
Sep. 28, 2016 01:00 AM EDT Reads: 1,561
Sep. 27, 2016 11:45 PM EDT Reads: 2,980
Sep. 27, 2016 10:45 PM EDT Reads: 2,851
Sep. 27, 2016 10:45 PM EDT Reads: 3,406
Sep. 27, 2016 10:30 PM EDT Reads: 2,195
Sep. 27, 2016 09:30 PM EDT Reads: 2,978
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
Sep. 27, 2016 09:30 PM EDT Reads: 497
Is your aging software platform suffering from technical debt while the market changes and demands new solutions at a faster clip? It’s a bold move, but you might consider walking away from your core platform and starting fresh. ReadyTalk did exactly that. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue and over a decade of audio conferencing product development to start an innovati...
Sep. 27, 2016 08:30 PM EDT Reads: 2,048
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
Sep. 27, 2016 08:15 PM EDT Reads: 2,243