HOP-ON TO UPLIST TO “FULLY REPORTING” PINK SHEET STATUS
IRVINE, CA, March 28, 2008 - Hop-on, Inc. (Pinksheets: HPNN) a leading developer and marketer of wireless phones and accessories announced today the company’s intent to achieve fully reporting Pink Sheet status based on the recent settlement with Access America, formerly known as PalmSource, Inc., coupled with the company’s agreement for distribution of funds from their wholly owned subsidiary Graffiti Wireless.
Hop-on’s corporate accounting firm, Spector and Wong, LLP, reviewed the financials Wednesday, March 26, 2008. They are completing the transfer of assets from Graffiti Wireless to effectuate receipt by the parent company resulting in the ability to uplist to fully reporting Pink Sheet status.
Peter Michaels, President of Hop-on stated, “I am excited that we have been given the preliminary approval by our accountants to report both the financial and monetary value of Graffiti’s Intellectual Property and Trademark gains to proceed as fully reporting. One of the financial objectives this year was to uplist into fully reporting Pink Sheet status. The successful Graffiti asset transfer will solidify our transition forward based on audited financial stability.”
Michaels further stated, “The preliminary audit has been completed and the company is styling a Form 10SB registration statement required to becoming a fully reporting company and meeting the goal to allow our employees and shareholders to better their financial possibilities.”
About HOP-ON, INC.
Hop-on, Inc. (Pink Sheets: HPNN) develops and markets wireless phones and accessories for emerging markets and other domestic carriers and is best known for developing the world’s first disposable cell phone. Currently, Hop-on is expanding into value-added services, like mobile gambling and SMS wagering. Hop-on’s exclusive software will allow users to stream live interactive feed from legal jurisdictions to play poker, blackjack, roulette and baccarat on personal cell phones.
For more information, visit www.Hop-on.com.
Contact: Danny Coleman (949) 756-9008
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933, and are subject to Rule 3B-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All Statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and other results and further events could differ materially from those anticipated in such statements. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements.
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