$HPIL news just hit! >> Thursday, September 06
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Posted On: 09/06/2018 10:24:53 AM
$HPIL news just hit! >>
Thursday, September 06 2018 10:21 AM, EST
HPIL Holding Issues Shareholder Update
GlobeNewswire "Press Releases"
MIDLAND, Mich. , Sept. 06, 2018 (GLOBE NEWSWIRE) -- HPIL Holding (the "Company"
( OTC PINK : HPIL ) is pleased to announce that it has signed a Memorandum of Understanding (MOU) for the acquisition of RodDoc LLC (RodDoc) The acquisition of the assets of RodDoc will be in an all stock transaction [restricted shares].
The Company had signed, in December, 2017, a Memorandum Of Understanding with RodDoc to acquire a 100% of its assets. The Company is currently at an advanced stage in discussions with RodDoc for acquisition of its assets. RodDochas a provisional patent in the grounddrilling rod field.HPIL HOLDING will work withRodDocto expand its market andlocations. BothRodDocand the Company intend to complete the agreement by October 15, 2018 .
RodDoc has a US Provisional Patent Application No. 62/471,057 that has been filed. The patent application is for a drill rod re-surfacing device. RodDocGroup is in the business of re-surfacing drilling rods. Drilling rods wear out due to the high wear and tear on the rod as it travels through the ground. Drilling rods are considered as an expensive consumable by directional drilling, water, oil and gas, and other companies. Re-surfacing the used drilling rods provides the company using the drilling rods a considerable cost saving, Mr. Philbrick the CEO of RodDoc said, "We are thrilled that this transaction is being completed and we are keen to develop this market.
Mr. Nitin Amersey , Chairman and CEO of HPIL Holding , said, "We look forward to completing this long delayed transaction. We anticipate working well with the great personnel at RodDoc.
HPIL Holding (http://hpilholding.com) is a diversified holding company listed on OTC Markets. 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 businesses. HPIL Holding also evaluates the acquisition of intellectual properties and technologies.
For more information please contact: HPIL Holding
Peter Nicosia Tel: +1 (248) 750-1015 Email: info@hpilholding.com
Source: HPIL Holding
Twitter: https://twitter.com/hpilhold
Web Site: http://www.hpilholding.com
HPIL Holding Tel:+1(248)750-1015
Email:info@hpilholding.com
Thursday, September 06 2018 10:21 AM, EST
HPIL Holding Issues Shareholder Update
GlobeNewswire "Press Releases"
MIDLAND, Mich. , Sept. 06, 2018 (GLOBE NEWSWIRE) -- HPIL Holding (the "Company"
( OTC PINK : HPIL ) is pleased to announce that it has signed a Memorandum of Understanding (MOU) for the acquisition of RodDoc LLC (RodDoc) The acquisition of the assets of RodDoc will be in an all stock transaction [restricted shares]. The Company had signed, in December, 2017, a Memorandum Of Understanding with RodDoc to acquire a 100% of its assets. The Company is currently at an advanced stage in discussions with RodDoc for acquisition of its assets. RodDochas a provisional patent in the grounddrilling rod field.HPIL HOLDING will work withRodDocto expand its market andlocations. BothRodDocand the Company intend to complete the agreement by October 15, 2018 .
RodDoc has a US Provisional Patent Application No. 62/471,057 that has been filed. The patent application is for a drill rod re-surfacing device. RodDocGroup is in the business of re-surfacing drilling rods. Drilling rods wear out due to the high wear and tear on the rod as it travels through the ground. Drilling rods are considered as an expensive consumable by directional drilling, water, oil and gas, and other companies. Re-surfacing the used drilling rods provides the company using the drilling rods a considerable cost saving, Mr. Philbrick the CEO of RodDoc said, "We are thrilled that this transaction is being completed and we are keen to develop this market.
Mr. Nitin Amersey , Chairman and CEO of HPIL Holding , said, "We look forward to completing this long delayed transaction. We anticipate working well with the great personnel at RodDoc.
HPIL Holding (http://hpilholding.com) is a diversified holding company listed on OTC Markets. 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 businesses. HPIL Holding also evaluates the acquisition of intellectual properties and technologies.
For more information please contact: HPIL Holding
Peter Nicosia Tel: +1 (248) 750-1015 Email: info@hpilholding.com
Source: HPIL Holding
Twitter: https://twitter.com/hpilhold
Web Site: http://www.hpilholding.com
HPIL Holding Tel:+1(248)750-1015
Email:info@hpilholding.com
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