WHITTIER, Calif., Aug. 7, 2003 (PRIMEZONE) -- Pop N Go, Inc. (OTCBB:POPN) announced today that it had entered into an Agreement with Los Angeles Venture Capital (LAVC) to sell LAVC 20 Pop N Go popcorn machines to be delivered before the end of 2003. The first 4 popcorn machines have been purchased by LAVC with the first machine having been installed at St. John's Health Center in the hospital cafeteria. The next 3 installations are scheduled for completion prior to August 15.
"Our business plan calls for a minimum of 20 Pop N Go machines to be installed in 2003 with an additional 50 machines to be installed in 2004. We are excited about launching our program at one of the most prestigious hospitals in the West. Pop N Go's patented popcorn delivery system has been met with great enthusiasm during our marketing efforts. LAVC is confident it will exceed its machine placement goals for 2003 and 2004," stated Tim Ritchie, LAVC's CEO.
"Pop N Go continues to be at the forefront of delivering healthy snacks to the consumer on-the-go. There has been a marked surge during the past few months of some of the largest companies in the snack food industry reformulating their products to meet the demands of today's health conscious consumer. Pop N Go's popcorn vender delivers a healthy snack that is freshly made which gives our product an edge over prepackaged bagged snacks. We look forward to LAVC's continued success in rolling out Pop N Go machines," said Mel Wyman, Pop N Go's CEO.
For further information about this release and POPN, contact Mel Wyman at 562-945-9351 and/or Rich Kaiser, Investor Relations, Yes International, 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.