Chinese OEM Manufacturer Takes Equity in Hop-on
IRVINE, CA, Dec 09, 2008 (MARKET WIRE via COMTEX)
-- Hop-on, Inc. (Pink Sheets:
HPNN) announced today that a Chinese OEM
Manufacturer has taken equity in Hop-on.
Peter Michaels, President and CEO of Hop-on, stated,
"We have been working on this deal for months. The
Chinese company brings international banking
relationships, technology, OEM manufacturing
experience, working capital and additional channels
of distribution."
The new equity partner will bring in a new CFO and
other executives to assist Mr. Michaels in achieving
his vision for Hop-on. Michaels further stated,
"Part of the agreement includes restricted shares
for our new partner. The details and terms,
including Sales and Revenues derived from this deal
will be made available in a future Disclosure
Statement to be issued."
About Hop-on:
Hop-on (HPNN-Pink
Sheets) 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
http://www.Hop-on.com.
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.
CONTACT:
Hop-on, Inc.
Danny Coleman
(949)756-9008
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