WHITTIER, Calif., August 20, 2003 (PRIMEZONE) -- Pop N Go, Inc. (OTCBB:POPN) announced today that Los Angeles Venture Capital (LAVC) has purchased a total of 8 machines from Pop N Go with 5 of the machines located in two major hospitals, a large amusement park (2 machines), and a chain convenience store. Three more machines will be on location next week. LAVC expects to purchase 4 more machines on August 26.
"Our business plan originally called for a minimum of 20 Pop N Go machines to be installed in 2003 with an additional 50 machines to be installed in 2004. Since we will have purchased 12 machines during the first 30 days of operations, we expect to exceed our target for machine placement by at least 50% during 2003. Pop N Go's patented popcorn delivery system is generating great sales at all of the venues. Our customers are commenting on how much they like the taste of our freshly popped popcorn," stated Tim Ritchie, LAVC's CEO.
"We're always pleased to hear success stories from Pop N Go's operators. It is especially heartening to have such a great reception at the type of venues that LAVC has been targeting. We're confident that LAVC will continue its rapid growth," 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.