HPON .053
IRVINE, Calif., March 25 /PRNewswire-FirstCall/ -- Hop-on, Inc.
(OTC: HPON), the leading developer of disposable and fully recyclable cell
phones and wireless accessories, today issued the following clarification.
Over the past two days, the Company has announced two separate purchase
orders: one valued at over $9 million and one valued over $1.7 million. In
addition, the Company secured other purchase orders, while at the Cellular
Telecommunications & Internet Association (CTIA) wireless trade show.
In total, the purchase orders generated are valued at over $12 million.
Each of the purchase orders will be backed by an irrevocable letter of credit
to finance the manufacturing of the Company's GSM model 1806 cell phone, and
related cell phone accessories. Shipping in Latin America and South America
is expected to start this May.
About Hop-on
Hop-on (OTC: HPON) is the developer and marketer of the world's first
disposable, recyclable and contract free cell phone. Hop-on's CDMA phones,
which provide a much-needed alternative to full service cellular contracts and
prepaid calling cards, are recyclable, include a rechargeable battery and the
capability to add on additional minutes. Hop-on is also marketing a GSM phone,
which expands its product offerings for applications in various other global
markets.
Hop-on also designs, manufactures and markets a full line of innovative
and attractively priced wireless accessories, which are compatible with
handsets produced by the leading manufacturers. These accessories include
wireless surveillance systems, wireless hands-free (RF) headsets, car chargers
with pivoting heads and retractable cords, jeweled headsets, OEM faceplates,
flashing batteries, and carrying cases, among other products. For more
information, visit www.Hop-on.com.
This Company's news release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. Such
statements relate to, among other things, software functionality and capacity,
timing of the commencement of operations and cash flow, and are indicated by
words or phrases such as "anticipate," "estimate," "plans" and similar words
or phrases. The following are among the principal factors that could cause
actual results to differ materially from the forward-looking statements:
general business and economic conditions in the Company's operations,
including the rate of inflation, population, employment and job growth rate,
the pricing pressures and other competitive factors and issues arising from
year 2000 information technology issues. Consequently actual events and
results may vary significantly from those included in or contemplated or
implied by such statements.
Contact:
David Pasquale, 646-536-7006
Jim Olecki, 646-536-7021
both of The Ruth Group
www.TheRuthGroup.com
SOURCE Hop-on, Inc.
-0- 03/25/2004
/CONTACT: David Pasquale, +1-646-536-7006, or Jim Olecki,
+1-646-536-7021, both of The Ruth Group, for Hop-on /
(HPON)
CO: Hop-on, Inc.
ST: California
IN: CPR TLS OTC
SU:
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