HPIL HOLDING announces Joint Venture (JV) agreement with nuUnlimited for their technology
MIDLAND, Mich., Nov. 08, 2018 (GLOBE NEWSWIRE) -- HPIL Holding (the "Company") (OTC PINK : HPIL ) is pleased to announce that it has completed the agreement with nuUnlimited contemplated in the Memorandum of Understanding filed on the Securities and Exchange Commission EDGAR system on September 17, 2018 and in a press release issued on September 19, 2018 . An 8K with the relevant information was filed on the Securities and Exchange Commission EDGAR system on November 5, 2018.
Numbers Unlimited Limited has changed its name to nuUnlimited Limited.
As traditional retail models continue to struggle and big brands use their corporate muscle to dominate both traditional and online retail, it has never been harder for innovative, exciting consumer brands to establish themselves and succeed.
nuUnlimited’s unique app platform, ~retail™, is designed exclusively for growing brands. ~retail™ provides the suite of tools and capabilities that consumer brands need to:
- Engage tech savvy consumers directly from their product when curious consumers are most likely to want information.
- Cultivate trusted, personalized and direct relationships on terms that suit the brand and the individual consumer.
- Manage essential business functions like marketing, logistics, product warranties, supply chains, direct sales, subscriptions and others.
- Gain real, usable insight on customer behavior through the platform and then apply it to direct marketing and sales campaigns through the platform.
Over 70% of consumers now shop on their mobile phones, but the cost of implementing the kind of solution outlined above is normally way beyond the budgets of most growing brands and small to midsize companies with tight budgets. The ~retail™ business model means that even the smallest brands can now have full access to the same kind of tools and insight that the world’s biggest brands rely on to manage and grow their businesses.
There is a natural overlap and harmony between the MyFlyWi Technology and the nuUnlimited Platform and a number of mutual target sectors. These include the retail consumer space initially before widening out into healthcare and mobile business process management for B2B companies. HPIL is focused on and is in the process of securing its capital base for its technology ventures and in building its management team.
Mr. Paul Carter, CFO of nuUnlimited Limited, said, “We identified, right from the start, that the North American market is key to the success of our business and we recognized that establishing an effective JV partnership with a US based business would be the most efficient structure to achieve our objectives. HPIL satisfies all our criteria perfectly. We are delighted that HPIL has recognized the potential of our technologies and look forward to developing the market in North America through this partnership and Joint Venture. The shareholding that HPIL has taken in us and our shareholding that we have taken in the JV Company shows our commitment to work alongside each other as a partnership, in the truest sense of the word.”
Mr. Tim Sanford, CEO of nuUnlimited Limited, said, “While our focus is on being the global leader in our target sectors, we have always known that every market has its own unique preferences, expectations and requirements. To ensure that we are in tune with each market, our plan has always been to have quality local partners in each market. In our view, HPIL makes the ideal partner for us to develop the North American market. The leadership team is experienced, driven and shares our passion for building a business that delivers real value to everyone.”
Mr. Tim Sanford further said, “Having a local partner in each target territory, ensures that we can grow our business and brand faster but, just as importantly, it means that the economy of that territory benefits through the growth of our local partner. We consider this mutual benefit to be essential to the growth and success of the business we have set out to build. The scope and structure of the JV with HPIL is unique and is not something that we will repeat in other markets. This is a reflection of the importance we collectively place on the relationship between the UK and North American markets, which will become even more important than they already are in the coming years. As the politics of business and its place in the world changes and evolves, our technologies and solutions will play a leading role in enabling individual consumers to make choices that suit their personal preferences, whether those preferences are ethical, environmental, local or social.”
Mr. Nitin Amersey, Chairman and CEO of HPIL HOLDING, said, “We at HPIL are very pleased with our recent accomplishments. The Proximity Marketing acquisition through MyFlyWiFi plus the Joint Venture and licensing agreement with nuUnlimited are key to our technological, global business strategy. The natural synergy between these two great technologies and the good people involved are the foundation for our plans for expansion. There is an additional Software/Tech acquisition in the media/film/Television industry which is under discussion and hope to finalize. We will then focus on executing our business plan and on financing it. We plan on keeping our shareholders informed as developments and news arise.”
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HPIL Holding () 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.
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.
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HPIL Holding
Peter Nicosia
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