General Company Information
Name of Company
Hop-on, Inc. a Nevada Corporation (HPNN.PK)
Address of Principal Executive Offices
2222 Michelson, Suite 182, Irvine, CA 92612
Satellite office in Las Vegas, Nevada, USA
Satellite office in Temecula California, USA
Satellite office in Cancun, Mexico
Satellite office in Shenzhen, China
Satellite office in Athens, Greece
Jurisdiction and Date of Incorporation
Nevada, March 16, 1993
Share Structure and Exact Title and Class of Securities Outstanding
Title: Common shares
Class: Common equity
Cusip: 439338203
Symbol: HPNN
Title: Series A, B and C Preferred Stock
Class: Preferred equity
Cusip: None
Symbol: None
Par or Stated Value and Description of Security
There are 7,480,000,000 shares of common stock authorized with 5,413,049,711 at $.0001 par value, issued and outstanding as of September 30, 2011
Class: Common equity
Par value: $.001
Dividend: No fixed dividend policy, has paid no dividend over past two financial
years
Voting Rights: Yes
Preemption: No
Class: Preferred equity, Series A
Par value: $.001
Dividend: No fixed dividend policy; has paid no dividends
Voting Rights: Yes, each one share of preferred equity has the voting power of
100 shares of common equity
Conversion Rights: Yes
Preemption: Yes
Class: Preferred equity, Series B
Par value: $.001
Dividend: No fixed dividend policy, has paid no dividend over past two financial
years
Voting Rights: Yes, each one share of preferred equity has the voting power of
100 shares of common equity
Conversion Rights: Yes
Preemption: Yes
Class: Preferred equity, Series C
Par value: $.001
Dividend: No fixed dividend policy, has paid no dividend over past two financial
years
Voting Rights: Yes, each one share of preferred equity has the voting power of
100 shares of common equity
Conversion Rights: Yes
Preemption: Yes
Number of Securities
| Authorized Common | 800,000,000 |
1,500,000,000 |
2,500,000,000 | 4,980,000,000 |
4,980,000,000 |
7,480,000,000 |
| Authorized Pref. Ser. A | 5,000,000 |
5,000,000 |
5,000,000 | 5,000,000 | 5,000,000 |
5,000,000 |
| Authorized Pref. Ser. B | 4,000,000 |
4,000,000 |
4,000,000 | 5,000,000 | 5,000,000 |
5,000,000 |
| Authorized Pref. Ser. C | |
| |
10,000,000 |
10,000,000 | 10,000,000 |
| Outstanding Common | 779,049,711 |
1,890,000,000 |
2,013,500,000 | 4,213,500,000 |
4,417,000,711 |
5,413,049,711 |
| Outstanding Pref. Ser. A | 5,000,000 |
5,000,000 |
5,000,000 | 5,000,000 | 5,000,000 |
5,000,000 |
| Outstanding Pref. Ser. B | 4,000,000 |
4,000,000 |
4,000,000 | 4,000,000 | 4,000,000 |
5,000,000 |
| Outstanding Pref. Ser. C | |
| |
|
7,500,000 | 7,500,000 |
| Free Trading Shares - Common Unaudited | 779,049,711 |
794,049,711 | 1,115,000,000 |
3,000,000,000 |
4,000,000,000 | 4,000,000,000+ |
Name and Address of Transfer Agent
Standard Registrar & Transfer Agency
673 Blue Bird Lane N.E., Albuquerque, NM 87191
505-828-2839
Registered under the Exchange Act:
Regulatory Authority: Securities & Exchange Commission
The Nature of the Business
Form of Organization – Corporation
Year organized – March 16, 1993
Fiscal year end – 12/31
Bankruptcy/receivership/similar proceeding – None
Any material reclassification, merger, consolidation, or purchase of significant
amount of assets – None
Any default of terms – None
Any change of control – None
Any increase of 10% or more of the same class of outstanding equity security–
None
Any past, pending or anticipated stock split – Company conducted a reverse stock
split at a ratio of two-thousand old shares for one new share in May 2005
Any delisting – None
Any threatened legal proceedings–
While the Company is not currently involved in any litigation, the Company has been informed of a default judgment taken in the State of Missouri by a distributor. The Company anticipates further legal proceedings attacking the default judgment for improper service and incorrect venue. In addition, it is anticipated that the Company will pursue the distributor for various causes of action related to breach of contract and misappropriation of intellectual property.
Hop-on issued 800,000,000 shares for services. The Board of Directors authorized the cancellation of the associated shares and those shares to be issued back to treasury.
Business of Hop-on:
Hop-on, Inc. (HPNN.PK) is an international leader in the development and manufacture of electronics, distributed software and telecommunications services. Since inception in 1993, the company has a long-standing history of innovation and progressive market development, and has maintained position as one of the few remaining US-based manufacturers of cellular technology. Holding numerous essential patents and licensing agreements for GSM, CDMA, and TDMA technologies, aggressive measures are employed by the company to develop, protect, and monetize its intellectual property rights. Hop-on is focused on high-volume, low-cost wholesale distribution, technology licensing, white-label solutions, and development of ancillary revenue streams in markets worldwide.
Hop-on develops and manufactures cellular phones and provides interactive mobile wireless gaming applications which are delivered over various platforms. We offer multi-media services and have secured licensing agreements from essential patent holders for GSM, CDMA and WIFI technologies. Since our inception, known for developing the world's first disposable cell phone, Hop-on currently remains one of the few U.S. based manufacturers of cellular technology committed to protection of our intellectual property utilized by foreign entities.
Hop-on signed a distribution agreement with USACIG, Inc. to distribute “The Electric Cigarette and The Electric Cigar” a hi-tech/electronic cigarette which is completely smoke-free and tobacco-free. The nicotine products are made in the USA. The products are designed to protect the non-smoker from second hand smoke and all its effects while providing the smoker a way to enjoy smoking anywhere including places that prohibit smoking. Further, it will allow the smoker to enjoy smoking while not having to worry about the dangers and ill effects of regular cigarette smoking. (The Company is not making any claims that the electronic cigarettes are not a stop smoking aid) Or any claim concerning the health benefits or detriments of the product. Subsequently Hop-on acquired USACIG, Inc. assets for preferred series C Stock of Hop-on. USACIG, Inc. is US-based manufacturer of the actual nicotine products in the US with proprietary ingredients for the electronic cigarette market, doses of nicotine by delivering vaporized water, propylene glycol, nicotine solution and other non-carcinogens
SIC Code:3661; Secondary SIC: 4813
Stage of Business – The Company has been, and is currently operating.
Whether the Issuer is or has been a Shell Company: The Company has never been a
shell company.
Name of parent/subsidiary/affiliate: None
Effect of Government Regulations: The Company is not subject to government
regulation outside of its CDMA, GSM and WIFI licensing requirements and its
state licensing requirements.
Previous R&D expenditure: Hop-on was previously a Research and Development
company of cellular phones. The research and development company was based
in Dallas, Texas.
Environmental laws (federal, state and local): None
Number of total employees – Five
Principal products/markets: Manufactures electronic cigarettes and cellular
phones and creates distributorships to market and enhance sales throughout the
U.S. and abroad.
Distribution methods: The Company has relationships with Big Box Retailers,
C-Stores and traditional distribution channels.
Competitive Business Conditions: Hop-on has essential patents for GSM and CDMA
Technology’s for its distribution of cell phones. The company also has
relationships with overseas manufacturers to keep the costs of products and
quality control. Hop-on signed distribution agreements with Manufacturers of new
products to deliver thru its distribution channels. All products are high tech
in nature.
Patents, trademarks, intellectual property: Hop-on has received a Utility Patent
and Design Patents as part of its initial portfolio. The essential utility
patent required by the market is necessary for the commercialization of wireless
handsets and other consumer electronics.
(Reference US Patent 6,994,592)
The Design Patent on a MP3 Phone utilizes side speakers in addition to front and
side buttons to activate camera/video features.
(Reference US Patent US D536,685 S)
Hop-on has received a Design Patent on a Thin Sleek flip phone.
(Reference US Patent US D536,320 S)
Hop-on also received a Wireless Surveillance and Communication System, Patent
January2006, Pub. No.: US 2006/0012685 A1
Government approvals: Hop-on has phones that were approved by the FCC for its
distribution channels.
Hop-on also has various Trademarks related to the industry. "Mini Mobile",
"Chitter Chatter", "Hop-on to the Future", "Phone Thong", "Size Does Matter",
"El Tamano Si Importa", and "Hop-on".
The Nature and Extent of the Issuer’s Facilities
The Company leases its office space at 2222 Michelson, Suite 182, Irvine, CA
92612. The terms of the lease are for 2 years at $ 30 per month. There are no
other substantial leases, assets or property- review terms $30 a month
Management Structure and Financial Information:
Name of CEO, Members of Board of Directors and Control Persons
Officers and Directors:
Peter Michaels, Chairman of the Board, CEO.
Samuel Demissie, President.
Business Address: 2222 Michelson, Suite 182, Irvine, CA 92612