HPIL HOLDING (OTCMKTS:HPIL) Files An 8-K Other EventsITEM 8.01 OTHER EVENTS.
On March 21, 2017, HPIL Holding entered into a non-binding Letter of Intent (the “LOI”) with Voyport, LLC, a private company focused on International Voice Roaming Service. Under the LOI, HPIL Holding and Voyport, LLC (each a “Party” and collectively the “Parties”) wish to form a Sales/Marketing Relationship that will assist, and allow, Voyport to deliver its “International Voice Roaming Service” to companies and associations that HPIL has a relationship with. Voyport is the only international voice roaming solution in the world designed exclusively for businesses. It combines the reports and billing structure financial departments of companies want with the features and ease of use users demand, and it saves up to 80% over traditional international calling plans.
In exchange for HPIL’s and their related companies’ and associations’ “sponsorship”, Voyport will provide compensation to both or either sponsoring Parties, as they may see fit, in the form of a percentage of monthly Net Revenue. In addition, Voyport will configure a Service Package for HPIL that is at a discounted price as compared to its Standard Commercial Offering (which is outlined on its website www.vovport.com). Any future commitments by the Parties will be reflected in a Partner Agreement that may result as a follow up to this letter. Any information shared between the Parties will be held in strictest confidence for up to three (3) years unless such information is already in the public domain.
The description of the LOI above is qualified in its entirety by reference to the Agreement, which is filed as Exhibit 99.1 and incorporated in this Item 8.01 by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
Exhibit Description
99.1 Letter of Intent entered into by and between HPIL Holding and Voyport, LLC, on March 21, 2017.
About HPIL HOLDING (OTCMKTS:HPIL)
HPIL Holding is an early-stage company. The Company is focused on developing its business of evaluating for investment or acquisition both private and public companies and intellectual properties and technologies in various business sectors, including healthcare, environmental quality, energy and real estate. The Company seeks to invest and provide related consulting services in these sectors. The Company’s subsidiaries include HPIL HEALTHCARE Inc., HPIL ENERGYTECH Inc., HPIL WORLDFOOD Inc., HPIL REAL ESTATE Inc., HPIL GLOBALCOM Inc. and HPIL ART&CULTURE Inc. HPIL HEALTHCARE Inc. is focused on investing in the healthcare sector. HPIL ENERGYTECH Inc. is focused on investing in the energy sector. HPIL REAL ESTATE Inc. is focused on investing in real estate sector. HPIL GLOBALCOM Inc. is focused on investing in communication sector. HPIL ART&CULTURE Inc. is focused on investing in art and culture sector. HPIL HOLDING (OTCMKTS:HPIL) Recent Trading Information
HPIL HOLDING (OTCMKTS:HPIL) closed its last trading session down -0.0020 at 0.0130 with 17,782 shares trading hands.