TEMECULA, CA, Dec. 20, 2017 (GLOBE NEWSWIRE) -- Hop-on, Inc. (OTC Pink: HPNN) announced today it’s finalized the Unsecured Adjustable Line of Credit up to $1 Million.
Hop-on, Inc. has completed the Unsecured Financing with its Private Equity Fund (PEF) to be used in corporate activities; such as, Marketing, Packaging, Inventory and Logistics, Etc. No Shares or Convertible Debt were created to secure this Financing.
“This is a very important milestone for Hop-on,” stated CEO Peter Michaels. “It was a necessary step in pushing the company to the next level to achieve the growth and success that we believe is deserving of the Hop-on Brand. Use of proceeds, possible share buy back and No reverse split on my radar. With the unsecured line of credit, there will be no stock or notes given for this transaction!”
Hop-on, Inc. (HPNN.PK): Since 2003, the Company has continually obtained essential patent portfolio license agreements for mobile communications, computing and home entertainment devices.
Hop-on, Inc. is an international leader in the development and manufacture of electronics, distributed software and telecommunications hardware and services. Since inception in 1993, the company has a long-standing history of innovation and progressive market development, and has maintained a position as one of the few remaining US-based manufacturers of wireless technology. Hop-on is known for developing the world's first disposable cell phone.
Hop-on has numerous licensing agreements for GSM, CDMA, and 4G LTE, WIFI, infrastructure equipment, base stations and base station controllers; circuit switched and packet switched core network elements such as mobile switching, gateway servers and support nodes; transmission equipment; home, visitor and equipment identity registers, network management and operation and maintenance equipment; devices and appliances providing interfaces and subscriber terminals and/or fixed telephone networks, multimedia services or the Internet and test equipment for different technologies.
Hop-on is one of a few ODMs with a license with Nokia and Microsoft for their patent portfolio related to Android Operating Systems (link: http://news.microsoft.com/2014/02/20/hoponpr/)
Hop-on’s license agreements are poised to add 5G & next generation networks to microcells, MBMS to security innovations that will capitalize on global trends and will create a more effective pricing model business for 5G / 4G / LTE, Antennas, Connectivity, IoT, M2M, Small Cells.
Hop-on’s wholly subsidiary Re-Medical, Inc.’s mission is to provide solutions for patients desiring to use cannabis as a nutraceutical alternative to traditional or prescription medications.
Re-Medical is focused on alternative ways to deliver vitamins, supplements and other healthful products such as cannabis, utilizing transdermal patches and other novel technologies. Re-Medical has developed and isolated the benefits of cannabis and other vital plant extracts for best patient care. There are an estimated 80+ cannabinoids found in cannabis, each providing distinctive neuropathic effects. Re-Medical is currently applying for patents regarding the delivery of cannabis via transdermal patches. Re-Medical patches offer cost effective, accurate and clean delivery of these unique compounds.
Hop-on, Inc. 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.re-medical.com
Forward-Looking Statements
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.