SANFORD, MI — HPIL, (Marketwired) — 09/05/17 — HPIL Holding (the “Company”) (OTC PINK: HPIL) is pleased to announce that it is moving forward with its agreements with The World Traditional Shotokan Karate-do Federation (the “WTFSKF”). The Company is pleased to announce that it is sponsoring the WTFSKF World Karate Championship which is being held this year in La Seu D’Urgell, Lleida, Catalonia in Spain on the 16th and 17th of September, 2017. The HPIL Holding license with the WTFSKF covers a span of 25 years beginning in 2018.
HPIL Holding has initiated discussions with companies to license the broadcast of the annual WTFSKF event and the past videotaped events on television and the internet. The WTFSKF has approximately 1.2 million athletes as members through the respective country associations that belong to the WTFSKF. There are approximately 86 countries that belong to the WTFSKF. The WTFSKF and HPIL Holding have agreed to share the profits of any such licensing arrangements. It is expected that Karate will be an Olympic sport in 2020 during the Tokyo Olympics.
HPIL Holding is also looking to start marketing through Royal Blue T-Shirts (“Royal Blue”) of Sheridan Arkansas a line of Karate apparel and Karate related clothing and accessories. Mr. Sam Kelley the CEO of Royal Blue said, “We are excited in assisting to develop the clothing and accessories lineup for HPIL and the WTFSKF. There are more than 10,000 martial arts schools in the USA according to industry statistics. We expect substantial sales of the athletic wear and are looking to work not only with the karate clubs and karate athletes but also with retail chains to promote karate themed merchandise.”
Mr. Ionel Bara, the President of the WTFSKF said, “Beginning in the 1960’s, substantially through the hard work of our Chief Instructor, Shihan Fumio Demura, karate was introduced to the United States, and further on to the rest of the world. Shihan Demura brought karate to the public’s eye with powerful demonstrations, in widely popular movies like “The Karate Kid” series, and through his own tireless efforts and charismatic teaching style. There are now hundreds of different styles of Karate around the world. Of course, some styles die out as new ones are created. This is the ongoing evolution of karate, just as an ancient form of Chinese Kung Fu evolved into Okinawan Te and eventually into Japanese Karate.”
Mr. Nitin Amersey, Director and CFO of HPIL Holding, said, “We are very excited to work with the WTFSKF in developing not only the sport of Karate but substantially promoting the sale of WTFSKF branded apparel. We are also looking forward to working with the WTFSKF and their national member organizations to develop the market for the video rights to the World Championships and increasing the popularity of the Sport of Karate. We are also encouraging the WTFSKF to hold a World Karate Championship in the United States of America as soon as feasible. This step will assist us significantly in implementing and realizing our strategic vision.”
HPIL Holding (https://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. Also HPIL Holding 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.