HPIL HOLDING announces licensing of cryptocurrency mining technology

SANFORD, Mich., March 29, 2018 (GLOBE NEWSWIRE) -- HPIL HOLDING (the “Company”) (OTC Pink:HPIL) announced that it has signed an agreement with Virtual Solutions Ventures, LLC of Cheyenne, Wyoming whereby it has acquired a license for a browser-based technique of cryptocoin mining. This is a revolutionary method to mine alternative cryptocurrencies. Virtual Solutions Ventures has a Provisional Patent From the United States Patent & Trade Office (USPTO).

The Company is in the process of deploying a marketing plan to utilize its license and generate revenues from this technology.

The Company is vigorously involved in getting its long-delayed Quarterly report filed and get the Company current. The Company is also actively negotiating to acquire businesses and technologies that it sees as being synergistic with its business plan.

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 on Virtual Solutions Ventures, LLC & the cryptocurrency mining technology please go to http://hpilholding.com/landing/landing1/

HPIL HOLDING (http://HPILHOLDING.COM) is a holding company quoted on OTC Markets. For more information, please contact:

Mr. Peter Nicosia
Tel: +1(248) 750-1015
Email: info@hpilholding.com
Source: HPIL HOLDING

Source:HPIL HOLDING