Friday, May 22, 2015 5:12:59 PM
(Blast from the past)
IRVINE, Calif., May 10, 2010 (GLOBE NEWSWIRE) -- Hop-on, Inc. (Pink
Sheets:HPNN) (www.hop-on.com) announced today that Hop-on subsidiary, Graffiti
Partners, Inc. entered into an Memorandum of Understanding to purchase a Voice
Over Internet Protocol company, that has approximately 10,000 paying customers
(over $22 a month per account), proprietary switch, billing platform and fully
functional profitable business.
Jay Pignatello, President of Hop-on, stated, "The Board recently agreed with
our plan to establish independent and distinct revenue streams within Hop-on.
Hop-on, through its wholly owned subsidiary Graffiti Partners, Inc., now has
the right to purchase this entity and will immediately begin due diligence and
will close the transaction in the next 30 to 45 days. This will help increase
Hop-on shareholder value and will bring immediate revenues into the
Company. Hop-on is aggressively targeting other telecommunications businesses
for acquisition and joint venture opportunities."
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=axLHqC.PJjw0
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