LOS ANGELES, March 15, 2010 (GLOBE NEWSWIRE) -- Hop-on, Inc. (Pink Sheets:HPNN) (www.hop-on.com) announced today that it is providing a corporate update to its shareholders.
The Company recently announced Mr. Pignatello as the new president of Hop-on. The Company's plans for the next twelve months are as follows: (1) prepare for three years of audited financial statements; (2) engage attorney to file an appropriate SEC registration statement; (3) increase the presence of the Company in the MVNO and MVNE arenas, through acquisition; and (4) increase shareholder awareness through full disclosure, timely executive action and proper corporate governance. (5) And negotiate with new business opportunities for acquisitions.
Jay Pignatello, President of Hop-on, stated, "We are in the midst of a turning point in this century where we, as a nation, are researching and producing new ways and technologies to create a holistic and natural approach and radical changes to our ways of life. Solar panels are replacing energy components that are toxic to our environment. The automobile industry is creating a new breed of transportation that helps keep our air cleaner. USACig is tackling a century old battle of an addictive, socialized habit that devastates families and leaves loved ones in lifelong health battles. USACig has created a product that will change the tobacco industry by eliminating tobacco from smoking, thereby removing the over four thousand carcinogens found in a standard cigarette. Our Electronic Cigarette delivers a controlled nicotine burst, with water vapor that ensures the safety of our loved ones and eliminates secondhand smoke."
Peter Michaels, the previous President of Hop-on, stated, "The recent legal developments here in the US have opened the door so our company can effectively launch the USACig products in the US. Our products practically have none of the cancer-causing chemicals of traditional cigarettes, but the FDA says it has not been proven safe. Our goal with USACIG is prove our products are safe, affordable for everyone and profitable for our company. We experienced no issues importing our electronics into the US market. Our product is better, less expensive, and the technology behind our cigarettes is made in America."
About Hop-on, Inc.
Hop-on, Inc. (Pink Sheets:HPNN) offers multi-media services and has secured licensing agreements from essential patent holders for GSM, CDMA and WIFI technologies. Since its inception, known for developing the world's first disposable cell phone, Hop-on currently remains one of the few US-based manufacturers of cellular technology. The Company also distributes The Electric Cigarette and the Electric Cigar.
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.