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| Home » Press Releases » March 23, 2007 |
March 23, 2007
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HOP-ON's Shareholders Meeting on ExpansionIRVINE, Calif.--(BUSINESS WIRE)--HOP-ON, INC. (OTC:HPNN - News) announced today that the Board of Directors selected Monday, May 21, 2007 as the date of the annual shareholders meeting. The meeting will be held at the Embassy Suites Hotel, 2120 Main Street, Irvine, California at 8:00 a.m. Mr. Peter Michaels, President of Hop-on, Inc., states, "There are new opportunities that we are focusing on and bringing to fruition. Like any technology industry, it's a race to market. I will demonstrate our new technology that will provide insight into our future profitable business ventures." Hop-on is expanding to a new location in Gibraltar pending regulatory approvals. The Company has cut all unnecessary overhead. The Company has relocated its corporate offices to 222 Michelson, Suite #182, Irvine, CA 92614. The Texas R & D division was closed. The relocation and reduction in staff is expected to save the Company in excess of $1,000,000 per year. The Company will continue to work closely with their overseas manufacturers and utilize outsource engineers from China, Taiwan, India and Korea. Michaels stated, "To be competitive, we utilize the strength of our overseas partners along with Hop-on's creativeness and market knowledge." The Company still has presence in Mexico and India. Despite the fact that Hop-on, Inc. was in the red last year, the company still generated approximately $18 million in sales since 2005. About Hop-On HOP-ON (Pink Sheets:HPNN - News) develops and markets wireless phones and accessories as well as wireless surveillance systems. Its product line includes the next generation CDMA2000 handsets designed by its R&D team as well as GSM/GPRS handsets. HOP-ON targets its phones to both emerging market carriers and other domestic carriers and resellers needing an entry level priced phone. In addition, HOP-ON offers a line of innovative and attractively priced wireless accessories for both HOP-ON phones and other leading manufacturers as well as affordable, wireless surveillance systems. HOP-ON is also known for developing the world's first disposable cell phone. It was an IS-95 CDMA phone that was sold to consumers with prepaid airtime and included the capability to add on additional minutes. For more information, visit http://www.Hop-on.com. This news release includes forward-looking statements regarding, among other things, the Company's business and financial plans, strategies and prospects. Although the Company believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, it cannot provide assurance that it will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as: believe, expect, anticipate, should, planned, will, may, intend, estimated, and potential, among others. Important factors that could cause actual results to differ materially from the forward-looking statements made in this news release include market conditions and those set forth in any reports or documents that the Company may publicly file from time to time. All forward-looking statements attributable to the company or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.
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