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HPIL Holding Reports Filing of Amendment to the Articles of Incorporation
HPIL Holding Reports Filing of Amendment to the Articles of Incorporation.
About this update from Hpil Holding
[{"type":"text","content":"-\n\nHPIL Holding Reports\nFiling of Amendment to the Articles of Incorporation\n\n \n\nFreeland, MI, April 22, 2016 -- HPIL Holding (the “Company\")\n(OTCPK: HPIL) is pleased to report that on April 19, 2016, the Company filed an\namendment with the Secretary of State of Nevada amending its Articles of\nIncorporation, Article IV - Capital Stock. The effect of the amendment was to cancel\nall 100,000,000 shares of the Company’s authorized preferred stock\n(\"Preferred Stock”), consisting of 25,000,000 shares of Preferred Stock,\npar value $8.75 per share; and 75,000,000 shares of Preferred Stock, par value\n$7 per share. The amendment was\neffective as of April 18, 2016, at which time there were no shares of Preferred\nStock issued and outstanding. Following\nthe amendment, the Company has 400,000,000 shares of stock authorized for\nissuance (reduced from 500,000,000 shares authorized prior to the effect of the\namendment), consisting solely of shares of the Company’s common stock, par\nvalue $0.0001 per share. \n\n \n\n \n\nSafe\nHarbor / Forward-Looking Statements\n\nCertain\nstatements in this press release are forward-looking within the meaning of the\nPrivate Securities Litigation Reform Act of 1995. These statements may be\nidentified by the use of forward-looking words such as “anticipate,” “believe,”\n“forecast,” “estimate,” “expect,” and “intend,” among others. These\nforward-looking statements are based on the Company’s current expectations and\nactual results could differ materially. There are a number of factors that\ncould cause actual events to differ materially from those indicated by such\nforward-looking statements. These factors include, but are not limited to,\nsubstantial competition; our possible need for financing; uncertainties of\ntechnological changes; and dependence upon third parties. The Company does not\nundertake an obligation to update or revise any forward-looking statement. All\nof the Company’s forward-looking statements are expressly qualified by all such\nrisk factors and other cautionary statements. The information set forth herein\nspeaks only as of the date hereof.\n\n \n\nContact:\n\nFor more information, please contact:\n\nHPIL Holding\n\n+1(248)750-1015","length":6324,"tagName":"div"}]