SAGINAW, MI--(Marketwire - Nov 30, 2012) - HPIL Holding (the "Company" or "HPIL") (OTCQB: [ HPIL ]) is pleased to announce that its wholly owned subsidiary HPIL Art&Culture Inc. entered into a Cooperation Agreement with the World Traditional Fudokan Shotokan Karate-Do Federation, a worldwide karate federation, to develop and cooperate to expand projects between the parties beginning on November 27, 2012. The term of the agreement is two years unless terminated earlier by either party.

Louis Bertoli, President & C.E.O. of HPIL Holding, said he was "very pleased to be working closely with the World Traditional Fudokan Shotokan Karate-Do Federation through HPIL wholly owned subsidiary HPIL Art&Culture Inc."

Mr. Ionel Bara, President of the World Traditional Fudokan Shotokan Karate-Do Federation, said, "We are pleased to work with HPIL Art&Culture Inc. and look forward to successful projects."

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