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| Home » Press Releases » May 23, 2007 |
May 23, 2007
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Hop-on Delivers U.S. Patent and Trademark Appeal Victory at Annual Shareholders MeetingIRVINE, Calif.--(BUSINESS WIRE)--HOP-ON, INC. (Pink Sheets:HPNN - News) announced today the United States Patent and Trademark Trial and Appeals Board decision was a major victory for shareholders. The lawsuit filed last year by PalmSource (NASDAQ:PALM - News) unlawfully prevented the Company's use of their approved trademark, "Graffiti Wireless" resulting in undisclosed damages. The court determined Palm's "improperly obtained judgment invalid" and suspended all claims in violation of Trademark Rule 2.119. This victory allows Hop-on future market use of Graffiti and opens the floodgates for litigation. USPTO, Case No. 91169665, PalmSource v. Hop-on, Inc. 2007. The legal battlefield is all too familiar for Palm when it comes to use of the Graffiti name. The court who found the Trademark violation of rival Xerox's handwriting recognition of Graffiti last year resulted in damages paid by Palm over $22 million. The Company announced a Board meeting scheduled for July in Paris, France and promised to deliver fully reporting status and long-awaited preliminary gaming approval to shareholders. The new corporate headquarters enable Hop-on's Skye-gaming proposal the physical presence abroad necessary for gaming license approval. Peter Michaels, President of Hop-on, stated, "The contract negotiated with GBM provided a gateway into an exclusive niche market only penetrated by smaller entities. The trust and respect absent in our uneasy global market can be achieved by realizing corporate profit margins come at the end of the relationship, not the beginning. The necessity for strict interpretation of gaming regulations both at home and abroad prevent disclosure of pending gaming applications by our newly acquired subsidiary. I am going to listen to my attorneys this time and constantly remind myself I am just a guy who got lucky." Hop-on will be fully audited within the next 90 days and will release gaming applications and financial statements at the Board meeting in July pursuant to whatever law we would not want to break. 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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