HPIL Holding (OTCPK:HPIL) entered into an agreement to acquire all the assets of MyFlyWiFly business from My Boca Holdings Inc. for approximately $0.53 million on August 22, 2018. The purchase includes the Proximity Marketing Technology/Software. HPIL will pay as consideration 350 million restricted shares of its common stock. The transaction is subject to government authorizations and approval by the manager of the seller. The transaction will close on August 22, 2018. HPIL Holding (OTCPK:HPIL) completed the acquisition of all the assets of MyFlyWiFly business from My Boca Holdings Inc. on August 27, 2018. Ray Wong continues to serve as the Chief Executive Officer of the acquired business which now operates as MyFlyWiFly Inc.