TECHNICAL ANALYSIS

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Hop-on Announces Exclusive Contract with Gulf Business Machines for Skye-phone Distribution in Middle East
Tuesday May 8, 12:37 pm ET


IRVINE, Calif.--(BUSINESS WIRE)--HOP-ON, INC. (Pink Sheets:HPNN - News) announced today they have reached an exclusive $10 Million multi-year distribution contract with Gulf Business Machines (GBM), the primary regional distributor in Dubai. This agreement, signed yesterday, will allow the immediate distribution of Hop-on's new 450 MHz CDMA "Skye" phone and solidifies the Company's relationship with a sought after distribution partner in the Middle East. The contract enables Hop-on to support the underserved 450 MHz handset market demand and exploit this emerging market using CDMA technology abroad.
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Hop-on is known in the industry as one of the few remaining U.S. based wireless handset manufacturers which support the CDMA market. The CDMA market currently represents the largest underserved niche market and will bring millions in revenue to the Company in the coming months. Hop-on's new phone, known as "Skye-phone," is the first product of its type to enter this market. Through this newly established distribution channel, the partnership will enhance both companies' market dominance in the Middle East.

Peter Michaels, president of Hop-on, stated, "Gaining GBM as a valued distribution partner enables us to penetrate the Middle Eastern Market and build on the success we experienced in the 450 MHz market in Asia. The CDMA market is expanding in the Middle East and we are taking advantage of this opportunity to reach potential customers and promulgate our future gaming opportunities using this technology."

The Skye-phone, currently available worldwide has been fully tested and ready for mass production through Hop-on's Shenzhen manufacturing partners. For additional information on our products and services or the Skye-phone, contact Hop-on, Inc. 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.



Contact:
Hop-on, Inc.
Danny Coleman, 949-756-9008

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Source: Hop-on, Inc.