TEMECULA, Calif., March 12, 2014 /PRNewswire/ -- Hop-on,
Inc. (OTCMarkets/Pinksheets: HPNN) has today announced that its
has a signed Letter of Intent with a Chinese Manufacturer
anticipating $100,000,000 in revenue
under the IPR enjoyed by the Company.
Additionally, the Company will be offering the public, an
opportunity to speak directly with the Company's CEO, Mr.
Peter Michaels, at 9am Pacific Standard Time, tomorrow, March 13, 2014. This opportunity is a follow-up
to the successful shareholder conference call held last week. The
call will include a short update and a significant period devoted
to questions and answers.
Of major interest to all shareholders is the recently executed
Letter of Intent with a Chinese ODM regarding licensing of
intellectual property rights by the Company under recently
announced agreements.
This Letter of Intent calls for an initial payment of
$150,000; ongoing intellectual
property royalties in accordance with the Company's IP agreements;
and the distribution of this Chinese manufacturer's products,
initially a smartphone, in the United
States and Europe, under
the Hop-on brand.
Hop-on is not at liberty to announce the identity of the
manufacturer due to confidentiality provisions in the letter of
intent that prevent identification of the Chinese manufacturer at
this time. The Letter of Intent calls for a more formal agreement,
which is currently being negotiated. Finally, the Letter of Intent
requires the Company to close the transaction in China, which Mr. Michaels anticipates within
the next two weeks.
This is the first of several potential intellectual property
royalty deals that Hop-on has discussed in its previous
releases.
There are additional specific items that the Company wishes to
address with its shareholders and the public including: the recent
announcement regarding acquisition of IPR, the Company's future
plans, the Re-Medical and USAcig subsidiaries and their cannabis
and electronic cigarette businesses.
US based callers wanting to participate in the call should dial:
877-407-8293.
International based callers wanting to participate in the call
should dial: +1-201-689-8349.
Call starts at 9am Pacific Standard
Time March 13, 2014
ABOUT HOP-ON, INC.
Hop-on, Inc. (HPNN.PK) is a global ODM and OEM manufacturer of
electronics, based in the United States. Over the past 20
years, Hop-on has successfully secured essential patents for mobile
communications and computing technologies, and is respected for
developing the world's first disposable cell phone. Hop-on's focus
on smartphones and innovative mobile device applications is
bringing cost friendly solutions to today's demanding world market.
Hop-on is also diversified in delivering cannabis remedies. For
more information, please visit www.hop-on.com, www.re-medical.com
and www.usacig.com
This press release contains forward looking statements pursuant
to the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995. These statements include risks and
uncertainties that may cause the company's plans to change and are
in no way intended to guarantee that the company will be successful
in executing its plans. Hop-on, Inc. common stock currently
trades on the over-the-counter "Pink Sheets" under the symbol HPNN.
This press release in no way constitutes any recommendation
regarding the securities of HPNN or its affiliates. Any person
reading this press release is advised that this release should be
considered in the light of all facts and circumstances regarding
the business and financial condition and prospects of HPNN, and no
inference has been made that this release contains all such
information.
Additional Information
For additional information, please contact Peter Michaels: 949-756-9008 or Email.
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SOURCE Hop-on, Inc.