SAGINAW, MI--(Marketwire - Mar 1, 2013) - HPIL Holding (the "Company") (OTCQB: HPIL) is pleased to announce that on February 22, 2013, the Company granted to its wholly owned subsidiary, HPIL HEALTHCARE INC., an exclusive license to use the patents relating to the "Massage Vibrator for the Relief of Aches and Pain" (the "Patents"), for the production, use, or sale of the resulting products throughout the covered territory. The name of the initial product utilizing the Patents is "IFLOR, Stimulating Massage Device," which the Company has authorized HPIL HEALTHCARE INC. to develop, industrialize and manufacture. Information regarding "IFLOR, Stimulating Massage Device" can be found at http://www.iflor.it. The invention "Massage Vibrator for the Relief of Aches and Pain" garnered the gold medal in the 32nd Salon for Inventions in Geneva, Switzerland.
Louis Bertoli, President and CEO of HPIL HEALTHCARE INC., said, "We look forward to marketing IFLOR, Stimulating Massage Device throughout the world and especially in countries where we have the license to the Patents."
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," "intend to," or "look forward 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. Any forward-looking statement made in this press release is based only on information currently available to HPIL Holding and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.