SANFORD, Mich., Feb. 07, 2018 (GLOBE NEWSWIRE) -- HPIL HOLDING (the “Company”) (OTC Pink: HPIL) has signed a Memorandum of Understanding (MOU) with Shane Jones and Live Youth Sports Network, of Parkland, Florida to acquire 100% of the business of Life Youth Sports Network (LYSN).
LYSN is in the business of streaming video of school sporting events over the internet. LYSN installs High Definition (HD) cameras in all of the school's athletic venues in order to have pay-per-view, and an archive of all team sports at the school. This is a convenience to parents, grandparents, military personnel, alumni, scouts and anyone else who cannot physically make it to the game. A percentage of all local advertising & sponsorship fees and pay-per-view revenues go back to the schools as a "fundraising program", with national sponsorships going toward scholarships for athletes with outstanding achievements in sports and academics.
Mr. Nitin Amersey, Chairman and CEO of the Company, said, “We are very excited by this opportunity. There is considerable synergy between our merchandise licensee Royal Blue and the LYSN in the selling of sports apparel to schools for school sports. We also look forward to developing the business with our licensor the World Traditional Okinawa Karate Federation.”
HPIL has also signed an extension of its MOU with RodDoc, LLC for completing a definitive agreement regarding the acquisition of RodDoc on February 28th, 2018. RodDoc has a provisional patent in the ground drilling rod field.
The Company is also in the process of launching a Facebook page, as well as creating a social media presence.
HPIL HOLDING (http://HPILHOLDING.COM) is a holding company listed on OTC Markets.
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