Baystreet Staff -

HPIL HOLDING Announces Corporate Buyout; Initiates Agreement


SANFORD, MI / ACCESSWIRE / March 8, 2018 / HPIL HOLDING (the ''Company'') (OTC PINK: HPIL) is a worldwide diversified holding company. HPIL Holding is focused on investing in both private and public companies in differing business sectors. HPIL Holding does not restrict its potential candidate target companies to any specific business, industry or geographical location and, thus, acquires various types of business. Also, HPIL Holding evaluates the acquisition of intellectual properties and technologies.

Corporate is pleased to announce that the company has received an offer from Telesun Technology to buyout HPIL HOLDING. The company is currently negotiating the terms of the agreement and plans to announce the finalization of the deal next week. Telesun Technology offered $0.01 a share for HPIL HOLDING.


Nitin Amersey, CEO, stated, ''We are excited about this buyout offer. We feel this offer will bring shareholders tremendous value.''


TELESUN TECHNOLOGY, Limited, is a telecommunications equipment and multinational telecommunications equipment systems company based in Beijing, China.

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 any 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:

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