WHITTIER, Calif., April 28, 2003 (PRIMEZONE) -- Pop N Go, Inc. (OTCBB:POPN) and Coastal Popcorn, Inc. of South Carolina have entered into an exclusive Revenue Share and Distribution Agreement for Coastal to become Pop N Go's exclusive distributor for South Carolina. The Agreement calls for Coastal to locate and operate Pop N Go popcorn machines in high-traffic locations. Pop N Go and Coastal will share the revenues. Coastal expects to place a minimum of 1,000 machines during 2003.
"This contract is a new model for expanding the number of revenue sharing machines in Pop N Go's network. Coastal brings a strong management team with the ability to secure prime locations such as shopping centers, amusement parks and hotels. We expect to replicate this new business model in major markets across America with the assistance of Coastal. The rapid expansion into prime revenue sharing venues is a vital part of Pop N Go's plan to develop a reliable, recurring income stream for the Company." commented Mel Wyman, CEO of Pop N Go.
"We are confident that Pop N Go will a be a major factor in the snack and vending markets in South Carolina. Our network of partners can assist Pop N Go in reaching their goal of having 1,000 revenue sharing machines in place during the next 12 months. Pop N Go's unique ability to entertain and to serve a fresh quality snack on demand is exactly what today's consumer demands. We are eagerly looking forward to installing our first machines at the end of April," stated Greg Moser, Coastal's President.
For further information about POPN contact, Mr. Mel Wyman, CEO, Pop N Go, 562-945-9351 and/or Rich Kaiser, Investor Relations-YES International at 800-631-8127.
About Pop N Go, Inc.
Pop N Go produces a unique hot air popcorn machine, capable of delivering single servings of fresh hot popcorn, which meets the demands of today's market. The company's self-contained equipment produces fresh popcorn for each customer while allowing the customer to watch the entire popping process. Pop N Go's machine is sized to fit almost anywhere (2'x2'), and can be used as a stand-alone vending machine or in a manual mode for traditional foodservice applications. Pop N Go's FlixStix Division produces the only single serving popcorn flavoring, which expands Pop N Go's brand into the home consumption market. More information about Pop N Go can be found at www.popngo.com.
Safe Harbor under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, regulatory approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties as may be detailed in the Company's filings with the Securities and Exchange Commission. Nothing in this press release shall be construed as an offer to buy or sell any securities herein.